Sunday, May 17, 2015

Aud/jpy Update Room for Trends is still there

Intraday trading supply and demand strategy  







As We have seen so many time Sellers pick up the trends and do tend to pick profits at crucial levels and then price is often continue to spike up till it found conditions to reverse

Chart of Aud/jpy is making same efforts after clearing strong supply areas and now testing them silently to test If there is enough demand for the price to continue its way up.

 I would really be watching this pair closely as more than potential trade is on the cards if Bulls attack this breakout level again. There is no clean demand but there still need to evade the supply it has.


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