EURUSD
(FOR LEARNING PURPOSE ONLY)
- Clearly we can see expanding volume whenever the price moves up & declining volume on down move
- But in most recent up move (inside channel),price increasing on declining volume
- Considering the volume pattern,the resistance zone becomes crucial .
- If price holds on to the resistance and moves down,if volume confirms,price might fall to next support
- If price breaks the resistance on volume confirmation,bullish trend may continue strongly for next few sessions
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