dee718

GBPJPY After action ( shake out characteristic example)

OANDA:GBPJPY   British Pound / Japanese Yen
How many people thought it was time to short? You know who you are ;)

avoid selling into strength. Here is an example.

Market became very awake around 2-3 am.

look at the difference in volume on each touch of the 25 level on RSI .. compare the final tough before the price surged...

then look at the low volume area and how it was able to rip through that zone.

High volume versus low volume .... more demand than supply = higher prices.

Practice*

Comments

Dude, very classic. Look at the massive buy up after that drop. Lol
Reply
dee718 Echo3Charlie
@Echo3Charlie, its been happening similar to this a few times a week. But yea pretty textbook, a little tricky. You also get that divergence variation: price drops but RSI holds level.
+1 Reply
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