AUD/NZD volume area
AUD/NZD is currently showing a strong sell-off from the price point of 1.07909, accompanied by a significant volume area.
This indicates a substantial accumulation of contracts.
It's likely that sellers active in this area will defend their short positions. Should the price revisit this zone, we can expect these strong sellers to exert further downward pressure on the market.
The combination of a downtrend and a strong volume area forms the primary basis for my short trading decision.
Happy trading,
Matty
This indicates a substantial accumulation of contracts.
It's likely that sellers active in this area will defend their short positions. Should the price revisit this zone, we can expect these strong sellers to exert further downward pressure on the market.
The combination of a downtrend and a strong volume area forms the primary basis for my short trading decision.
Happy trading,
Matty
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.