RizeSenpai

Unusual Spike in selling volume at Fibonacci Support

Long
OANDA:USDHUF   U.S. Dollar / Hungarian Forint
We recently had a massive spike in selling pressure at the bottom of a falling wedge channel and a 0.786 support floor.
We managed to stay above support despite all of the selling which confirms this level as a support for this pair..
I suspect that the majority of the big sellers have already sold at these levels and that buying pressure may be able to pick up from here.