As we analyse volume again, we can see a very week EUR. Same behaviour on EURUSD, so it is not only USD strength. We can clearly see that volume is marking down price on high volume and rejecting higher prices on high volume.
No real strength has showed up, as we cannot see any rejections to lower prices on higher volume just yet.
This is to early to say for now as London Session has not opened yet, we will have more information in 1-2 hours, but if price is being rejected on high volume in our Entry zone, a short position will be good to enter.
No real strength has showed up, as we cannot see any rejections to lower prices on higher volume just yet.
This is to early to say for now as London Session has not opened yet, we will have more information in 1-2 hours, but if price is being rejected on high volume in our Entry zone, a short position will be good to enter.
- Fibonacci Retrace Zone 50%-61.8%
- Previous Demand Turn Supply
- Pivot
- Structure