This videos of pound sterling truly signifies the two possibilities in which in one of them price is reacting before supply and the demand after the strong supply is still protected quite a number of times and it is two way price Action which describes this is first sign of accumulation retested after the price consume all the supply after "Brexit", and in second manner price is looking to react around 1.2310 the strong demand which is protected so many times as it hold the prices down and when it was broken it has been tested multiple times without an engulf but thin price action suggesting consumption of orders and If we see the breakout through it and After the holidays are over we can see price Approaching towards 1.2550.
So IF 1.2310 is broken My entry would be as follows
Sell Stops around 1.2535 Stops around 1.2560
Target first would be around 1.2300 and second would be 1.2150
That's more then 20 times reward to risk.
Good Luck Have a Nice Christmas Ahead.
Hello Aman, Wanna trade in forex. pls tell ur contacts.
ReplyDelete