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
...
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...
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, Anna focuses on the EUR/AUD pair as the London forex session gets into full swing applying Wyckoff principles and in particular effort and result which is one of Wyckoff’s three laws. This is the third law which in simple terms means price and volume. The effort is the volume and the result is the price action and whether this is in agreement with the volume, or in disagreement. An anomaly in other words. Volume price analysis reveals the truth behind the price action.
https://youtu.be/ePi8SxUJgrE...
The renko indicator is a wonderful indicator to use in combination with time based charts, and in the webinar we show on the GBP/JPY pair.
https://youtu.be/sXlm05gRFaU...
