Plenty of yen buying across the complex as risk sentiment weakens following reaction to the overnight news of progress in finding a vaccine for CV19 and displayed clearly on the currency array indicator in multiple timeframes. Risk currencies much in evidence and one of the many key topics I cover in the complete forex education program and you can find all the details here - https://quantumtradingeducation.com
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I explain congestion phases and why they are so important. This is an area which is covered in detail in the Complete Forex Education Program.
https://youtu.be/vA5loTWCOvs...
Using multiple timeframes with the Quantum Trading tools and indicators to reveal strength and weakness in each currency.
https://youtu.be/6IYlqoyNcrk...
Two volume price analysis lessons in one here on the daily chart for the GBP/JPY. First, we see rising price and falling volume as the rally of late March stalls as a result. This is an anomaly as we should expect to see rising prices supported with rising volume if the trend is to develop with real momentum. Then we move into the congestion phase. Note the fall in volume as price action narrows and trades around the volume point of control. Now, all we need to do is wait and be patient. The breakout will come in due course, and be confirmed as genuine or false with volume.
Discover more at https://quantumtradingeducation.com...
In this video, we explain how to use the four indicators in the currency dashboard starting with the currency strength indicator. Then it's on to the currency matrix indicator followed by the currency array, and finally to the currency heatmap which completes the dashboard.
https://youtu.be/QIr7oprGFYQ...
In this video from this morning's forex webclass Anna explains how to use higher and lower timeframes to discover trends in the forex markets.
https://youtu.be/69-sTBnGEm0...
