This level has a high trading volumes of selling positions
Analysing Forex from The Market side & perspective.
This morning at Asia trading session The Market is going up and touch seller positions again at 107.90. This level has been touched by The Market a few times since late April. This means that this level has high trading volumes and could be stopped out by The Market at anytime. The buyers also open new positions at 107.67 as The Market goes up. This is the closest buyer positions in the mean time and this is a good opportunity to join The Buyers to stop out The Sellers where they have their positions accumulated.
This morning at Asia trading session The Market is going up and touch seller positions again at 107.90. This level has been touched by The Market a few times since late April. This means that this level has high trading volumes and could be stopped out by The Market at anytime. The buyers also open new positions at 107.67 as The Market goes up. This is the closest buyer positions in the mean time and this is a good opportunity to join The Buyers to stop out The Sellers where they have their positions accumulated.
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