Will be looking to sell EURNZD if this hourly candle close bearish. Reason been the up bar are seeing lesser volume while the down bar are seeing increase volume. A sign that Bears are taking control. Do note that this is a counter trend. But at the TP highlighted, it still yield risk/reward of 2x. So I will be taking this trade.
DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.