After a few-percent rejection from the 0.7589 level, the price is slowly approaching that level again with low volume. However, due to the low volume, it doesn't hold much significance for us.
There are two conditions under which we can hope that a trend reversal is forming:
1. The price must break above the 0.7589 resistance with a strong confirmation.
2. Volume must also increase.
There are two conditions under which we can hope that a trend reversal is forming:
1. The price must break above the 0.7589 resistance with a strong confirmation.
2. Volume must also increase.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.