Yes, that is interesting. On the 4H chart you can see it is at a level of previous buying as well.
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DislikedRegarding volume. Here is what I find makes it interesting. Here is EU M15. Look at that lowest pin bar and the volume associated with it. Without volume it looks very bearish since market open, But why is the highest volume bar also the lowest priced bar? And why is the volume increasing as price gets lower? If you had enough money to influence the markets would you unleash your true selling volume at relevant lows? Is this a push down to take stops and add big longs? I don't know but it's worth keeping an eye on. Just remember, if they are buying,...Ignored
Disliked{quote} One of my favourite ways to analyse volume to try to determine what the big boys are up to is to look at M30 or M15Ignored
DislikedWell, after missing the initial EU run I finally got in to the second leg and out. All though I potentially got out a bit early but it was a pretty good trade so I won't get greedy and complain. {image}Ignored
DislikedHi Wizlon, I was wondering your current thoughts on this EU consolidation. I have been trying to get a bias using volume but really have no clue at the moment. I guess we need to wait for a break of the range and start trading again. Are you looking at any other pairs this week?Ignored
DislikedHi Wizlon, I was wondering your current thoughts on this EU consolidation. I have been trying to get a bias using volume but really have no clue at the moment. I guess we need to wait for a break of the range and start trading again. Are you looking at any other pairs this week?Ignored
Disliked{quote} Grantmac, sorry for my lack of communication lately. Silly season is upon us and I am literally snowed under with early mornings and very late finishes. I have been trading EU on my phone when I can and I've taken long and short positions which I generally don't hold for too long. Looking at the volume on M15 - I see high volume at the tops of the swing highs yesterday on the way up. I also see high volume at today's high. This could mean short orders are being filled at the highs and longs closed. There is also quite high volume at the...Ignored
Disliked{quote} I'm not Wiz, but in another thread, it was mentioned the Fed speaks on the 14th, and things would be pretty (horrible, my words) till then for the EU. Erratic was their wordsIgnored