EOS Volume Trend Analysis Update (21% Move booked on first leg)
After a large move down that was signaled as shown by our Volume Trend Advisor (Available here on Trading View) at 8.5746 on EOSUSD, The Advisor signaled to exit the short move on a strength indication which had us enter long at 6.7573 (The short move was a 21% profit signal to signal)
Target/Stall Point for Short term: 7.1588 (5%)
Exit from the long will be next indication signaled by our Volume Trend Advisor and I will update as we go.
The Volume Trend Advisor (The red and green indications on the chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength/Long and the Red icon = Weakness/Short. The indicator is available on Trading View and if you have any questions regarding this fairly simple and accurate method of volume analysis, please visit our website at signaltosignal.com to learn more.
Target/Stall Point for Short term: 7.1588 (5%)
Exit from the long will be next indication signaled by our Volume Trend Advisor and I will update as we go.
The Volume Trend Advisor (The red and green indications on the chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength/Long and the Red icon = Weakness/Short. The indicator is available on Trading View and if you have any questions regarding this fairly simple and accurate method of volume analysis, please visit our website at signaltosignal.com to learn more.
Comment:
Light stall point to upside hit at 6.84. Next is 6.93 and the strong one mentioned in idea: 7.1588
Trade closed: target reached