EURUSD - LOOK FOR VOLUME & PRICE ACTION AT RESISTANCE

Jul 17, 2020

EURUSD

(FOR LEARNING PURPOSE ONLY)

• Clearly we can see expanding volume whenever the price moves up & declining volume on down move
  
• But in most recent up move (inside channel),price increasing on declining volume
  
• Considering the volume pattern,the resistance zone becomes crucial .
  
  
• If price holds on to the resistance and moves down,if volume confirms,price might fall to next support
  
  
• If price breaks the resistance on volume confirmation,bullish trend may continue strongly for next few sessions
  

Jul 20, 2020

Trade closed manually