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The graph on the left shows the current strength or weakness of each of the 8 main currencies - based on the detailed assessment formula we have developed. Usually, this bounded oscillator indicator is used to determine extreme market conditions.
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Price action traders who are unsure of market direction but sure of further movement - an opinion gleaned from other price action - would place an entry to buy above an ii or an iii and simultaneously an entry to sell below it, and would look for the market to break out of the price range of the pattern. It is assumed that the trapped traders will be forced to exit the market and if in sufficient numbers, this will cause the market to accelerate away from them, thus providing an opportunity for the more patient traders to benefit from their duress. This price action reflects what is occurring in the shorter time-frame and is sub-optimal but pragmatic when entry work from home data entry job in pune into the strong trend are otherwise not appearing. Now although the pin bar body is at the prior support area, the tail is way below, and its the bottom of the tail where the buyers entered in, not at the support area.

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