Are we seeing the short term reversal in dollar franc currency pair or it could totally reverse the trend ?
When we see such activity when price react the same way as thought and then suddenly we have seen some momentum candle then market won't go down immediately. It will try and create panic and will absorb buy orders at some place and Now i am eyeing if price absorb buy orders as it has already taken the stops of longs and now it will try and create panic with some upside momentum and then continue down to challenge 0.8750 support
It could not react the way I am looking for, But certainly a very good opportunity for short term trader to make some good profits and learn as well for the future reference.
