Let's try to go ahead of Retail Sale in US. I found that sellers got no power for the lower price.
I marked on the chart letters > EUR/USD chart 15M
a - Highest volume bar of the day and very weak supply. The bar closed in the middle and we got an average range of the bar. This is for my a strong sign of strength.
b - No selling pressure bar. We can observe bar with the volume lower then previous 2 bars.
c - Test of supply in a volume below the average. Entry level.
Got small position there, just trying to preposition before the news in 25 minutes.
SL is around 25 pips and TP is opened.
Petar
I marked on the chart letters > EUR/USD chart 15M
a - Highest volume bar of the day and very weak supply. The bar closed in the middle and we got an average range of the bar. This is for my a strong sign of strength.
b - No selling pressure bar. We can observe bar with the volume lower then previous 2 bars.
c - Test of supply in a volume below the average. Entry level.
Got small position there, just trying to preposition before the news in 25 minutes.
SL is around 25 pips and TP is opened.
Petar
"Buy on fear, sell on greed !!!