This imputes a buy/sell ratio of 0.65, which is bearish.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
Price action traders may also wish to note that we see a doji candlestick pattern on eurgbp.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
This imputes a buy/sell ratio of 1.25, which is bullish.
This is a reversal of the price action on the previous hour, in which price moved up.
Red area) initially, that area is of strong resistance level but price broken out of that level and now a retest of this zone is possible….
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
For additional context, note that price has gone down 15 out of the past 30 days.