Tuesday 30 June 2015

290615 Wasn't Labeling Origin of Move





All in the title really. It amazes me that even 2 days off and I come back with some rust.  There was a big gap down today in many of the EUR crosses that made me feel there must have been supply there. However it was a gap down  from a consolidation, nowhere near the origin of the move down, so of course was not valid at all.



KIS: Strong Supply/ Demand =

1. origin of momentum change

2. strong momentum at change

3. momentum change untested

4. near longer term S/D

5. sharp return to the potential S/D level.

6. move off potential S/D at least 1:3 RRR

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