after a long trading range, the market dropped. Then a pullback trying to reach the previous support was entamed.
if the market has a strong green volume, it is obvious that we will reach the previous tops of the market. If else, the support (yellow) will be broken and the market would begin a descend.
So let's look at the volumes and see what algotraders will decide...
6.4.20 I just got a personal message from a follower who I respect and like. I copied the message but left the follower's name out. Respectfully, this trader plans to be profitable with minimal or no discretion, except for entering a trade, and establishing a risk and reward... and then following through with the trade in robot fashion. This will not work, and it...
Here is my analysis on the canadian dollar .
A very nice movement to take.
we have the break of the trendline (0.70850) and the pullback.
1st level 0.71860 then direction 0.7330
BE CAREFUL , I love the support trend too, if it's going lower than 0.70375 be careful.
Comment & like my analys.
And ollow me!