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| Channel Down identified at 05-Feb-18:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2190 within the next 2 days. Supported by Upward sloping Moving Average | ||||||||||||||||||||||||||
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 8, 2021
EUR/USD
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