the_MarketWhisperer

Confirming a trade bias using Footprint

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FX:EURUSD   Euro / USA-dollar
The Footprint chart (in conjunction with volume stats) can be a useful tool in confirming your trade entries. Price action and volume behavior at important zones of interest can give clues as to which side (buyers vs sellers) is winning the battle. In particular, who is being passive and who is aggressive? Are sellers responding to higher prices? Are they initiating a movement to the downside after absorbing all the aggressive buying? What is the volume and delta like as price approaches these 'edges'?

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