Education

GBPCHF - Hesitation to Decline

#GBPCHF - A student of > Profiting Me < asked questions about this group of candles. He knew that he can expect a rebound. The price was climactic and the marked reacted because of this. Now, after the increase of the supply, the price is hesitating to decline, because the pressure decreased. What you see in that group of candles is just the Supporting Demand on Pressure that is still not enough to decline the price. In the end, the price would tend to decline, of course. But to decrease the risk of trading, a Rebound would favor the increase in the Pressure. Indeed, this will favor the development o the trading area. But it is not mandatory because with time, the demand will tend to decrease and the securities will be liquidated on the weakness. This is good too because later it will give chances to buy low.

- Do you expect a rebound too?
- Do you wait for the weakness in the demand?

Girolamo Aloe

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