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.
Monday, December 28, 2020
EUR/USD
EUR/USD 08-Dec-02:00 -> 28-Dec-14:00
Target Level: 1.2291
Target Period: 2 days
Interval
4 hour
Pattern
Resistance
Length
42 Candles
Identified
28-Dec-10:00
Broke through Resistance level of 1.2221 at 28-Dec-10:00 Supported by Upward sloping Moving Average
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