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, February 1, 2021
EUR/USD
EUR/USD 18-Jan-17:00 -> 01-Feb-11:00
Target Level: 1.2044
Target Period: 2 days
Interval
1 hour
Pattern
Support
Length
182 Candles
Identified
01-Feb-11:00
Broke through Support level of 1.2093 at 01-Feb-11:00 Supported by Downward sloping Moving Average
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