Whilst markets continue to be dominated by the pandemic, fundamental data continues with the PMI this morning for both France and Germany of which the latter is the more significant.
https://youtu.be/xQAKuCc_pYo...
The three laws of Richard Wyckoff, supply and demand, cause and effect and effort vs result apply in all timeframes as the cycle moves from accumulation to distribution and back again.
https://youtu.be/9cXJ892ZHv4...
If you're looking for a volatile currency pair to trade look no further than the GBP/JPY as I take a look at where it might be heading next.
https://youtu.be/4jPioInlNyg...
Trading reversals require your stop loss to be set wider to allow for the congestion phase to develop before the trend begins. So this is not for everyone, but if you have the patience, the pay off is greater as you are getting into the trend before it begins so the payout is greater. It's all about risk and returns.
https://youtu.be/AQqakclQlq4...
The forex market is one of mean reversion wich currencies constantly moving from one level to another, congestion, trend and congestion, with reversals from overbought to oversold and back again. All defined with levels and flow.
https://youtu.be/jXM8xgVjiB8...
https://www.youtube.com/watch?v=ujMOVFmJ5ec
The currency heatmap is a unique indicator that allows forex traders to consider 28 pairs in multiple time frames and can be used by both short term and longer term traders....
