Supply & Demand test #7 (combined with volume)
Note
after a strong bearish volume candle (marked in Vertical line), it can be seen that there are no higher volumes noticed till the higher spikes happened to hunt the stop losses and trap the buyers. Also spreads between the peaks (at vertical line and the one adjacent to circle) is lesser indicating lack of strength. So selling at every HIGHs (1x, 3x) with gap of 60 pips with proper risk management would have been the right choice.
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Disclaimer
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.