It was quite a silent month as far as currency trading is concerned even though lot of things happen in Eu and specially Greece. I decided to remain on sidelines and watch PA but there was no such trade specially my favorite pair Euro.
But, Today my shorts triggered right from the day start as we start seeing some weakness at the levels 1.1087, after we seen some fake moves after price try to break the previous fakeout zones.
The Chart I am posting today is the leading example how market orders get triggered and how price went in a zone and get rejecting immediately but still have some firepower to click the orders both way and then went in the direction of the overall trend.
Euro dollar chart With Supply and demand Zones
The Chart above is perfect example of behavior at various levels and when the direction is already decided and we just need to wait for big release day as it started right from the session start and selling takes over after asian session jump in the demand that was shortlived immediately after an hour or so.
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