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Whenever News SHOUT on a particular market that it has reached how many years high/low… the very immediate reaction to the market is… DEFY!!!
Look at JPY immediate reaction when market shouted 24 year low!…. it ran down to downside target of 0.0074302, found support and formed a reversal signal. A sudden burst will almost always happen during this kind of News situation.
Keyword — just a Short Burst...
Have a nice weekend 🙂
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