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=pwsiXkPV0bM
A video to explain how e mini traders can use the forex market to discover market sentiment, and in particular the aud/jpy.
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https://www.youtube.com/watch?v=QfAO71OA89I
Candles and candle patterns are one of the five pillars of volume price analysis and together with a currency dashboard can help to identify and validate reversal trading opportunities.
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https://www.youtube.com/watch?v=acHeR60b8Yk
Market reversals happen for many reasons and as traders, we are constantly scanning the market to try and judge its mood and whether the sentiment is going to be risk on or risk off? One way to is to consider related markets such as bond or proxy instruments such as the aud/jpy from the forex market. In this video we consider the aud/jpy and how it signalled a potential move higher in the indices.
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https://www.youtube.com/watch?v=677FopMyFaA
Some reversal examples based on volume price analysis as well as the volatility trap which is usually triggered following a significant news release.
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