Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Wednesday, December 2, 2020
EUR/CHF forex chart
EUR/CHF 10-Nov-22:00 -> 02-Dec-22:00
Target Level: 1.0792
SL:
(A)
1.0792
Last TP of Rectangle
RL:
(B)
1.0872
Last TP of Rectangle
Target Period: 3 days
Interval
4 hour
Pattern
Rectangle
Length
55 Candles
Identified
02-Dec-14:00
Rectangle identified at 02-Dec-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0792 within the next 3 days.
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