Arun_000

EURUSD - LOOK FOR VOLUME & PRICE ACTION AT RESISTANCE

FX:EURUSD   Euro / U.S. Dollar
FX: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
Trade closed manually

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.