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chic
Jan 2, 2017 4:58 PM

EURUSD - Let's get... Sentimental! Short

Euro Fx/U.S. DollarFXCM

Description

Based on volumes for the 4-hour chart, sellers are mostly looking at 1.044 while buyers are eying 1.059. I won't be entering any trades until I see live price action starting January 3. Still, as long as 1.06 holds, EURUSD is subject to gravity.

Comment

Decision level at around 1.6000 is broken, looks like it'll rise right past 1.7000 as well.
Comments
ndt113
What are those bars on the right side of the screen?
chic
@ndt113, Those bars are called 'Volume Profiles'. They're available with the Pro+ upgrade, I believe. They tell us how much volume is being traded at around which price levels. Because currency isn't traded in a market, volume is hard to tell. These are just approximates, not entirely accurate but helpful enough.
chic
ndt113
@chic, thank you. You're amazing :-)
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