[Anna-Maria]

They can be a real benefit clipping in off the larger timeframe references.

Even better when the Fundamental chatter & scaremongering is beginning to unsettle the specs & weak holders.

Yen displayed such behaviour during late June/early July. The set-up doesn't appear as often as we'd like on the real big frames, but when it does (at sentiment extremes) it's well worth cranking the radar up & preparing the supply-demand hotspots on the lower timeframes.

Anyhow, thought I'd just sling these up for reference. 1st example is the Daily highlighting the candle, followed by the 60m behaviour off the lower top.