Bullish & Bearish Factors
Ok if you got all that information, don’t you think is time to get an strategy and get in the market??
What pair are you talking about?
I’m looking with William Percent Range indicator which also shows overbought/sold conditions and I see nothin
EUR/USD? GPB/USD?
I’m thinking your statements are important but they need to be revise
When market is bullish number of buyers are more in the market and under bearish trend number of sellers are more. Mostly traders follow this pattern.
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While last week, market showed bullish behavior in face of many bad news, few things are still raising red flags.
1. Volume has been decreasing similar to last few bear rallies.
2. Run to treasury and Yen is still on ( dollar is still going down).
3. Market has been running into resistence and has been unable to break it, and now, threatening to break on the lower side of the wedge.
4. Indicators (e.g. stochastic) is now in overbought territory.