Volume on the rise should give direction for the upcoming weeks
Bulls have been hoping this triangle would act again as a support before breaking to the upside. Unfortunately for them, we broke below it on big TFs with nice volume. Volatility and volume were at its lowest levels, so today's sharp move should indicate the direction for the next few weeks.
Of course, as usual market makers will punish panic sellers (late short sellers) and we will have a potential bounce on the daily levels or order blocks I highlighted on the chart.
Of course, as usual market makers will punish panic sellers (late short sellers) and we will have a potential bounce on the daily levels or order blocks I highlighted on the chart.
Trade active:
Daily OB holding well so far
Trade closed: target reached:
Well I was targetting a break of 6k which we did. Lowered my SL on the way down and closed my position with a beautiful +20% trade !
Comment:
+11% trade !
