Did I read the chart correctly ?
This why I went short (actually I was all read short twice from the 1.5485 mark)
Red area-- doji and high volume-- decreasing volume on both sides. after drop in volume-- next high volume resulted in right bar closing with left bar (doji)... (yellow)
Mark up bar blue-- higher volume-- then lower volume--no buyers...
next large volume right bar closed down (yellow)
price is now rising on lower volume to itraders R3 just in time for news and possible re-short...
next large volume bar "should" give us solid direction for a few pips...
Did I read it correctly?
This why I went short (actually I was all read short twice from the 1.5485 mark)
Red area-- doji and high volume-- decreasing volume on both sides. after drop in volume-- next high volume resulted in right bar closing with left bar (doji)... (yellow)
Mark up bar blue-- higher volume-- then lower volume--no buyers...
next large volume right bar closed down (yellow)
price is now rising on lower volume to itraders R3 just in time for news and possible re-short...
next large volume bar "should" give us solid direction for a few pips...
Did I read it correctly?