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Volume Analysis For EURUSD

  • #21
  • Nov 2, 2023 5:13am Nov 2, 2023 5:13am
Yesterday, the price was unable to break the divergence building line and rebounded from it on high volume. Therefore, we are now drawing a possible scenario, which is to retest 1.0650 - 665 and rebound from it with high selling volumes capable of targeting 1.0465.

Quoting Forexman1979
Yesterday, the price was unable to break the divergence building line and rebounded from it on high volume. Therefore, we are now drawing a possible scenario, which is to retest 1.0650 - 665 and rebound from it with high selling volumes capable of targeting 1.0465. {image}
Based on the possible scenario, a buy order is taken and the target is the sell zone, which in turn targets 1.0465
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6E DEC23 (Daily) 2023_11_02 (12_10_19 PM).png Size: 20 KB
Click to Enlarge Name: EURUSDH1.png Size: 11 KB
Click to Enlarge Name: 6E DEC23 (60 Minute) 2023_11_02 (12_37_17 PM).png Size: 22 KB
Volume is the soul of the market
  • #22
  • Nov 2, 2023 8:49am Nov 2, 2023 8:49am
Quoting Forexman1979
Yesterday, the price was unable to break the divergence building line and rebounded from it on high volume. Therefore, we are now drawing a possible scenario, which is to retest 1.0650 - 665 and rebound from it with high selling volumes capable of targeting 1.0465. {quote} Based on the possible scenario, a buy order is taken and the target is the sell zone, which in turn targets 1.0465 {image} {image} {image}
The buy pozition target was achieved and at the same time the sell orders were activated
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6E DEC23 (60 Minute) 2023_11_02 (3_47_43 PM).png Size: 23 KB
Click to Enlarge Name: EURUSDH1.png Size: 10 KB
Volume is the soul of the market
  • #23
  • Last Post: Nov 2, 2023 12:53pm Nov 2, 2023 12:53pm
The red shaded area is considered an excellent selling area if the price approaches it, and targets at 1.0525 and 1.0465 SL for all at 1.0670.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 11 KB
Volume is the soul of the market
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