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

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out