We have signs of accumulation. Look at the horizontal volumes - they shifted down.
Vertical volumes has also increased. This means that the main activity occurs at the bottom of the market. Big players will not sell on the bottom, right?
How to trade now?
We have new balance with the range 0187-0207.
On the bottom of this balance we indicated support area 0187-0195. It's good area for purchases.
But it is better to buy only with confirmation - wait for the buyer's initiative on a lower timeframe or wait for a false breakdown.
Before a good move, very often big players make false breakdown/breakouts.
Buy: 0187-0192
Take Profit1: 0207
Take Profit2: 0215
Take Profit3: 0226
Stop Loss 1-2%
Priority: Balance
Final Signal: Buy from support area 0187-0194
Vertical volumes has also increased. This means that the main activity occurs at the bottom of the market. Big players will not sell on the bottom, right?
How to trade now?
We have new balance with the range 0187-0207.
On the bottom of this balance we indicated support area 0187-0195. It's good area for purchases.
But it is better to buy only with confirmation - wait for the buyer's initiative on a lower timeframe or wait for a false breakdown.
Before a good move, very often big players make false breakdown/breakouts.
Buy: 0187-0192
Take Profit1: 0207
Take Profit2: 0215
Take Profit3: 0226
Stop Loss 1-2%
Priority: Balance
Final Signal: Buy from support area 0187-0194