XCUUSD: Bullish Reversal?
After hitting weekly low early Fri, the Bulls launched an assault and in the process, took out 2 order blocks along the way. It thereby retrace and starts to form value again at a previous order block zone follow by a H1 Bullish impulse. I see Fri Bullish move valid cos of the high volume seen, surpassing that of the Bearish close on Thu. Moreover, Thu Bearish move seem to meet with some resistance, a sign that Bulls are in the background, which is confirmed by the high volume Fri Bullish closed. I am looking for a reaction to this new order block or the QML below to go LONG.
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.
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.
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.
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.