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.
Sunday, December 13, 2020
GBP/USD
GBP/USD 08-Dec-23:30 -> 13-Dec-22:15
Target Level: 1.3445
SL:
(A)
1.3135
Last TP of Channel Down
Target Period: 3 days
Interval
15 Minutes
Pattern
Channel Down
Length
227 Candles
Identified
13-Dec-22:15
Channel Down has broken through the resistance line at 13-Dec-22:15. Possible bullish price movement forecast for the next 3 days towards 1.3445. Supported by Upward sloping Moving Average
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