It looks like next week the uptrend will follow the Fibonacci retracement.
High Volume CNDL with a low price has been proven to be attractive for some traders. It seems that the price will be pushed higher within 4/5weeks to test previous highs.
The relationship between price movements and trading volume is often considered to gain insights into the strength or weakness of a trend. Here are some general observations when price and volume are showing signs of weakness in a strong downtrend: Market Indecision and testing: a strong downtrend and decrease in volume during the pull back might indicate that...
Price dropped to a new low. The CNDL closed high than the lower low. Next CNDL, price closed within 50 % of the drop price CNDL. The buyers stepped in to get the new Low Price available.
It's important to note that the specific actions taken by market makers can vary, and their decisions may be influenced by a combination of technical analysis, market conditions, and fundamental factors. Additionally, market makers play a crucial role in maintaining liquidity and efficiency in financial markets.
Bollinger Bands provide a visual representation of volatility and potential price extremes. When prices touch or exceed the upper band, the price may be considered overbought. This is a potential reversal or pullback of the price. The low volume steps of the 3 weeks price increase anticipate lack of market demand and a potential price drop.
The demand is expected to rise in the next 4 to 5 weeks, causing the price to move to a higher level. In the last two weeks, the price movement has indicated an increase in demand, characterized by a long-wick candlestick with a small body, followed by a sharp price jump long body candlestick. The volume confirms that market makers are no longer interested in...
Price action in the context of forex trading refers to the study of the price movements of a currency pair on a chart. The goal is to make trading decisions based on the raw price data displayed on the chart.
Price Action and Volume: It seems you would have higher probabilities combining candlestick patterns for stronger signals. is it a bad idea to enter long positions when a bullish candlestick pattern is followed by a surge in volume?
Price Action &Volume are essential components of technical analysis in trading, and combining them can create a powerful strategy. Remember, success is guaranteed only when combined with crucial risk management.
WITHIN NEXT 4 WEEKS VOLUME PRICE STEP (#VPS) WILL TEST OLD RESISTANCE PRICE LEVEL
WITHIN NEXT 4 WEEKS VOLUME PRICE STEP (#VPS) WILL TEST OLD SUPPORT PRICE LEVEL
WITHIN NEXT 4 WEEKS VOLUME PRICE STEP (#VPS) WILL HIT OLD RESISTANCE PRICE LEVEL
Next week / weeks looks like #BUY on the #AUDJPY as we hit the bottom price on the #MACD and buyers will go #LONG as the price is very competitive...Why is this price so great to buy now ? #Forex #Trader #market #trading #currency
Next week / weeks looks like #BUY on the #EURUSD as we hit the bottom price on the lower #bollingerband and buyers will go #LONG as the price is very competitive...What do you think ? #Forex #Trader #market #trading #currency
Next week / weeks looks like SELL on the EUR/AUD as we hit the price top and buyers are undecided...What do you think ?
Binary trading offers opportunities and risk is limited to your stake. Weekly long term outlook on GBPUSD investment strategy. Next week price of GBPUSD will close below previous week