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JamesKabyemela
May 24, 2015 9:02 PM

Long term holders Long

U.S. Dollar/Japanese YenFXCM

Description

Looks like price wants to go and test R1

The accumulations period might have just finished. Accumulation, usually means a ranging period in trading technical terms. In bearish market, distribution happens instead; thus accumulation in the bullish market and distribution in the bearish market.

From the price action, you will notice that there have been nearly no sellers in this market. You can tell by the candlestick formations. The candlesticks indicates us a weakness in supply. This means that there is demand within this price range.

Good luck and Happy Trading :)
Comments
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FOREXTRENDRIDER
hello
dear sir i follow your trading ideas
i have a problem
i can't speak and read any language
but i read and understand all market points
so if you don't mind i have one more suggestion
please mention the all entry point sl or tp top of the chart
this way its very easy of all your followers
i hope you understand my language
thanks for reading my massage
happy trading
bye
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