Thursday, October 22, 2015

S/R Flips helps in Decision Making

We have seen lot of consolidation ahead of ECB Policy decisions and price holding crucial support prior to the release but what happen was the strong bearish price action unfolds and that happens when we seen demand hold and  Consumed whatever demand there was and followed by strong sell-off

Chart will give you better idea what I am trying to mention in that article.












I will update with more charts matching the context and tell you How price action unfolds prior to that strong sell-off after there was rejection at the top.

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