EURUSD. The buyer is not showing any strength
Hey traders and investors!
(For a detailed analysis, refer to the related post)
The buyer is not showing any strength. The price is once again below the lower boundary of the range (1.03319).
The bar on January 8th shows a slight increase in volume, indicating increased interest from both buyers and sellers. Volume is accumulating in the same area from where the buyer emerged on January 6th (the blue line on the chart shows the range where 33% of the bar's volume was traded).
As long as the price remains below 1.03319, it is preferable to look for sell opportunities (sell patterns). Above this level, buy patterns can be considered.
For buying, it would be beneficial to accumulate volume below 1.03319 today and maybe tomorrow, then move back above the level and defend the breakout.
I wish you profitable trades!
(For a detailed analysis, refer to the related post)
The buyer is not showing any strength. The price is once again below the lower boundary of the range (1.03319).
The bar on January 8th shows a slight increase in volume, indicating increased interest from both buyers and sellers. Volume is accumulating in the same area from where the buyer emerged on January 6th (the blue line on the chart shows the range where 33% of the bar's volume was traded).
As long as the price remains below 1.03319, it is preferable to look for sell opportunities (sell patterns). Above this level, buy patterns can be considered.
For buying, it would be beneficial to accumulate volume below 1.03319 today and maybe tomorrow, then move back above the level and defend the breakout.
I wish you profitable trades!
Good luck with your trading!
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Related publications
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.
Good luck with your trading!
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Related publications
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.