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Re: Busy Day Tomorrow
If you look back at the graphs which have been posted up on here, you'll see the highlighted area's on them contain the info mentioned in the above post.
But here you go, we got ourselves a live one from yesterday which nails it right down for you. Anna-Maria's post (#125) tickboxed this lower demand zone @ .7750-780 as a likely brake on this leg down on EU v/s Sterling?
She had one of the fella's peel off a little more profit today as it shunted into that zone & pinged back towards her next secondary line @ .7840 ahead of stiffer tests at the highlighted levels further up.
These area's hide 2 way activity up & down the map & will often slow prices as a trend attempts to mature & string out. Sellers will resume their aggression on pullbacks to near-term supply lines if the bid activity below fades & (profit) liquidation eases.
These are the area's you might want to focus your attention on if you're seeking to generate decent, high percentage set-up & trigger opportunities.
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