a trader is looking for elongated bars to denote high- volume on the report. Forex market, later in this post. When volume rises, it means lots of participants are actively selling and buying currencies. However, if you already understand what volume can show you about trading activity, then skip to the section.
However, if the.12.14 zone is invalidated, you can see there is very little order resistance until we get to the low to mid-1.20s. However, since we are only seeing volume from one broker, it is tough to trust the numbers to give us an accurate picture of how much currency is being traded across the entire market. However, youll likely notice that high- volume happens on days of high important news events seen on the economic calendar or a surprise or shock in the market. The red and green bars are aggregated to show you total volume and the longer the bar the more volume happened at that price and the more significant the level. 5: Both sides lost interest as the market drifts sideways on low trading range. For example, let's take a look at Citigroup (C during the fallout from the financial crisis of 2007. Reversals, however, happen not over one day but a series of days. A pause on week 21 with a sharp rise in price is met by even higher volume on week. Exhaustion I actually had a hard time finding a good example of an exhaustion volume pattern on the eurusd daily chart.
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