An uptrend is stopped out by a single candlestick
Analysing Forex from The Market side & perspective.
A quick downtrend movement for about 100 pips stopped out all of buyer positions in the uptrend. Now The Market is sideway with one seller positions at 1.2591. This indicates The Market will form a pullback for new trading positions before continue to move.
A quick downtrend movement for about 100 pips stopped out all of buyer positions in the uptrend. Now The Market is sideway with one seller positions at 1.2591. This indicates The Market will form a pullback for new trading positions before continue to move.
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.