Mal (or anyone who knows the answer) would you cast your eyes over this chart please. It's my old nemesis acc/dist. Just after posting this chart price went up. I see selling at the tops with volume. Can you show me what I dont see please.
Cheers
I am turning a little bullish on euro and need one or 2 more sessions to confirm
But seriously, I'd be bullish only above the breakout level. What I don't like about being bearish is all the news and attention it's getting. I mean it's like the end of the EU, euro and all of Europe all over again. And suddenly the US is doing a superb job with all that money printing and rising prices.
I'll give it a go. Different volume on IBFX though. Anyway, it looks like the mood shifted the next day and selling not having any follow-through. Price held higher and no new lows were made. Also ascending volume on up moves and descending on down moves. The last marked bar did not have any continuation and it just went up after that.
Not sure if I see anything else. What I can say is 30 min. is my most hated TF
If we test 1.37 and come back down, then it should be bear time. I say 1.37 because there's high volume and breakout/s/r level. If today is the same as yesterday with low volume and not a 200 pip range, that scenario is quite likely. Even a 200 pip range wouldn't invalidate that as long as the close is at or lower than 1.37.
