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
NZD/JPY
NZD/JPY 29-Dec-06:00 -> 01-Feb-14:00
Target Level: 75.7523
SL:
(A)
74.1275
Last TP of Triangle
Target Period: 2 days
Interval
4 hour
Pattern
Triangle
Length
90 Candles
Identified
29-Jan-10:00
Triangle has broken through the resistance line at 29-Jan-10:00. Possible bullish price movement forecast for the next 2 days towards 75.7523. Supported by Upward sloping Moving Average
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