I use volumetric method of market analisis in this chart. In this work i have nice helper - x-volume indicator. Its show strong accumulation for purchesing between 6.88 - 7.2. I draw levels with x-lines indicator and we have two close levels on 1H chart its 6.88 and 6.95. I explain.. when we have two close levels on one timeframe (in this situation its 1 hour timeframe), the lowest one in 90% is a strong resistence. Also as you can see we have big square without levels its from 6.95 to 7.39. And of course logicaly this kind of accumulation market doing for fast transite to 7.39.
More about x-volume indicator you can read in description.
I answer any questions about x-line indicators and its use. Follow me and dont forget ot put your likes ;)
More about x-volume indicator you can read in description.
I answer any questions about x-line indicators and its use. Follow me and dont forget ot put your likes ;)
Comment:
accumulation is over, go up ..
Trade active
Trade closed: target reached
