Hi,
Here is in attachement a chart of GBPUSD 15m.
The trend was going down and then to up bars on ultra high volume appeared. What does that mean?
If there were down bars, it would indicate some strength, but what does that mean exactly in this case? I cannot understand what the Smart Money is doing in such a situation.
The market hates very high volume up bars, but in this case it looks like some strength to me, but I cannot really expalin why.
Daniel
Here is in attachement a chart of GBPUSD 15m.
The trend was going down and then to up bars on ultra high volume appeared. What does that mean?
If there were down bars, it would indicate some strength, but what does that mean exactly in this case? I cannot understand what the Smart Money is doing in such a situation.
The market hates very high volume up bars, but in this case it looks like some strength to me, but I cannot really expalin why.
Daniel