EURUSD Rising on No Fuel
If price is the vehicle, then Volume is the Fuel.
After a false breakout of the Triangular Consolidation, EURUSD has had a minor drop and now
moved into an extended rectangular consolidation.
This consolidation is a continuation pattern, that should be completed with a definitive breakdown.
So why is price hanging around the Supply Zone ? Maybe the Smart Money has not completed their orders as yet. Look for a spike with no volume to the upside to the Supply Zone.
After this, real play is likely to happen, and volume surge as the Smart Money press the Sell Pedal.
After a false breakout of the Triangular Consolidation, EURUSD has had a minor drop and now
moved into an extended rectangular consolidation.
This consolidation is a continuation pattern, that should be completed with a definitive breakdown.
So why is price hanging around the Supply Zone ? Maybe the Smart Money has not completed their orders as yet. Look for a spike with no volume to the upside to the Supply Zone.
After this, real play is likely to happen, and volume surge as the Smart Money press the Sell Pedal.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.