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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