Weekly: After powerful Trap Up Move, currently under strong resistance, ND two weeks ago, price is rising but volume is decreasing - might be a signal that Strong Hands do not participate in this move, so they expect lower prices.
Daily: No Demand on Friday after something that looks like a Gotha bar four bars before.
A lot of weakness in the background, so I expect fall.
CAD-JPY. Daily - after massive TOB (Take Out Bar), up and down move we have No Supply bar.
H4 - The key bar here is Gotha and then No Demand (one bar back) so I would generally expect a down move. Price is rising and volume is decreasing (volume divergence).
Most interesting bar here is TB = ? with green arrow. I am not so sure that this is TB.
This is UHV up bar closing in the middle, looks as there was a transfer of currency between parties and for me it would be a signal of weakness.
Slow day - after the big drop on Friday and with a thin market
I made 51 pips on one lot on Friday and 2 pips on the 2nd
and 6 pips on 4 lots today lol
57 pips in two day -- slow day
The euro is going to drop but when
I am out until tomorrow -
Hi TEB, What do you see? I see effort VS Result very poor. {image}
Ignored
to understand what is going on - on a chart you have to see the charts over it
look at the
week - day and 4 hour charts
clearly we have massive SOW all over the place
But we have a big key SOS on the 4 hour this has to be deal with
Key will be a TOS bar !!! on the 4 hour we will see a fast drop
