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GBPAUD Push Dn, Ranging ,exiting from range with PRS, 110 pips



2 comments

2 Comments


The whole story started from there. This is one of the most important information but we wait to confirm if it is a Push Down or a Hard to Move Down. Clear?

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I have noticed that you often point out the 1st push down/up. Why is that information valuable? I am aware that a fairly easy linear move, as shown above, is opposed to a hard move. Meaning not absorption but that sellers and buyers are agreeing to meet. But what does that add to the background analysis for the next directional bias?

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