3x week previous hi 249.2 lo 218.3 swing hi 249.2 lo 214 Buy volume for WK4-27 was equal to previous sales volume. Opening 219 and closing at 240 WK5-04 buy volume also increased around a 1/5th. Skinny price action rebound 226.5 closing 240.5 WK5-11 sales volume reached to a little more then 1/2 and never equalized to the previous week opening 240 closing 236
In trading it is important to maximize the effectiveness of your trades and EURUSD may present an excellent shorting opportunity in the week to come. Leave your comments if you have any and happy trading.
Plans for both sides for the next year. The upside is more likely in my opinion and has the potential to continue beyond my target of 1522. The downside is limited. If it continues going lower from 830, you can assume we are in a gold crisis or something like that. Anyways, once the current correction down from 1900 is over, you can expect a steep reversal and...
GPB is at 78.6% fib retracement area - support area which may hold. Fridays bit disappointing US data, may see pull back GBP to resistance area - 1.7 - RSI strongly oversold being at 10.12 supports idea of retracement to 1.7 key very psychological level for GBP. worth noticing is that last week was 4th in a row of correction in GBP. I would be looking to place...
possible scenario. Chart is autodidactic.