Price increased in volume compared to previous weeks. This made trading on lower timeframe entries difficult, as either the stoploss will be too large or orders might not be triggered. While a lot of traders who force trades might be stopped out (not recognizing the volume change).
we need to watch price to see if the volume will return to usual way of movement or continue from last week.
The overall trend is bearish as this bullish move is just an internal range liquidity grab before the main trend continues.
At reversal boxes move to lower timeframe like 5mins or 15mins and get an entry.
Happy Trading.
we need to watch price to see if the volume will return to usual way of movement or continue from last week.
The overall trend is bearish as this bullish move is just an internal range liquidity grab before the main trend continues.
At reversal boxes move to lower timeframe like 5mins or 15mins and get an entry.
Happy Trading.