As I mentioned in my previous posts that trading is advertising mechanism and we have seen this in the pair when Institutional money is continously buying at low levels, For those who did not follow my previous post check it here !
Price action does give us hints of buying
In this chart we have seen some strong trend breakouts and recent breakout we have two scenarios, One price after second breakout was holding higher prices and when we have few neutral activity days and if that strong holders, which it was, will test the low and shift in value and then they start buying again with even more force.
If Our assumption is correct price will break the barrier and will make a new high and that should not enough as we would start covering our position if we see any such activity.
Demand and supply are very crucial aspect of trading and when price is in strong swing it gives us an entry to renter at pullback but we must consider a thought that why such entry is offered, and any logic behind offering such entry.
When we have good solid background which tell us that buying activity was there even while correction and any such area which has hold before could be a good clue of price will advertise higher again and even with strong force that it was done earlier,
