Today the daily volume on the E/J was 7.5 times normal and the E/U ws 7.9 times normal. Similar for G/U and U/C.
I've seen this with stocks when the price hits a swing high or low and the market reponds but the price of these pairs didn't do anything huge. I was expecting a rally after the daily outside bar on the E/J but that hasn't happened yet.
Does this mark today as a swing high for the E/J?? Is tomorrow going be a big selloff?
Also my broker - Forex.com had speads as low as 1 or 0 on the E/J which I was watching in amazement.
If everyone jumped in today why didn't the price move more than 175 high to low?
Can someone enlighten me?
I've seen this with stocks when the price hits a swing high or low and the market reponds but the price of these pairs didn't do anything huge. I was expecting a rally after the daily outside bar on the E/J but that hasn't happened yet.
Does this mark today as a swing high for the E/J?? Is tomorrow going be a big selloff?
Also my broker - Forex.com had speads as low as 1 or 0 on the E/J which I was watching in amazement.
If everyone jumped in today why didn't the price move more than 175 high to low?
Can someone enlighten me?
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