UJ Small Analysis 11/8/17-11/9/17

First off, I know UJ is an uptrend, so whenever prices retrace back or we see a deep pull back or

a shallow pull back, it’s the results of the banks taking off profits from their buy trades in an

earlier move, as they need more sell orders to come in from retail traders to place buy trades

again.

Take a look at this chart…

The same concept applies to retracements and consolidation that happens in the market.
NB: The points where most traders get their trades placed during consolidations, is
around the swing highs or swing lows of the consolidation itself.

As we can see price was in uptrend move which was caused by the banks placing buy orders
(thus uptrend) they took off profits which resulted in the initial downwards movement, which
they then again place more buy orders as they got the sell orders they needed to place more buy
trades after the initial consolidation (indicated by a yellow color).
This same process happened again and now the banks are waiting to take off profits from their
last buy orders that they took thus the current consolidation now…
This leads to my question Where will Price most likely go next?...well with this in mind, if the
banks take off profits from their buy orders then price will likely drop, again this is only the
Asian session and we will see what happens during the London session 😊

Oh well this happened quickly than I thought it would… Pips Secured!!!

STUDY MORE THAN YOU TRADE AS @forex6god WILL SAY!!!