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| Channel Up identified at 31-Dec-10:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2181 within the next 2 days. Supported by RSI above 60 | ||||||||||||||||||||||||||
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.
Thursday, December 31, 2020
EUR/USD
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