Euro / U.S. DollarShort
EURUSD Rising on No Fuel
If price is the vehicle, then Volume is the Fuel.
After a false breakout of the Triangular Consolidation, EURUSD has had a minor drop and now
moved into an extended rectangular consolidation.
This consolidation is a continuation pattern, that should be completed with a definitive breakdown.
So why is price hanging around the Supply Zone ? Maybe the Smart Money has not completed their orders as yet. Look for a spike with no volume to the upside to the Supply Zone.
After this, real play is likely to happen, and volume surge as the Smart Money press the Sell Pedal.
After a false breakout of the Triangular Consolidation, EURUSD has had a minor drop and now
moved into an extended rectangular consolidation.
This consolidation is a continuation pattern, that should be completed with a definitive breakdown.
So why is price hanging around the Supply Zone ? Maybe the Smart Money has not completed their orders as yet. Look for a spike with no volume to the upside to the Supply Zone.
After this, real play is likely to happen, and volume surge as the Smart Money press the Sell Pedal.
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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.
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.