VPLT TRADE WALK THROUGH JAN 7th-FIRST TRADE SETUP
EUR/USD M15 Volume Indicator MT4
5. Read the price/volume relationship between vertical lines "C" and "D". Each time our price moves away (up) from 1.3050, interest (volume) decreases. Each time our price moves closer towards (down) to 1.3050, interest (volume) increases. Therefore 1.3050 is clearly a new price level.
When the price crosses 1.3050, the price drops and creates PEAK D at vertical line "D"
EUR/USD M15 Volume Indicator MT4
5. Read the price/volume relationship between vertical lines "C" and "D". Each time our price moves away (up) from 1.3050, interest (volume) decreases. Each time our price moves closer towards (down) to 1.3050, interest (volume) increases. Therefore 1.3050 is clearly a new price level.
When the price crosses 1.3050, the price drops and creates PEAK D at vertical line "D"