The London forex session delivered some excellent trading opportunities across the faster timeframes with the US dollar finding support and reversing the longer-term sentiment for the current of first reserve.
https://youtu.be/Ej1iIjJri-4
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The forex market is unique for many reasons, but one, in particular, is the fact it is one of mean reversion in which both currencies themselves and currency pairs are constantly moving from an overbought condition, to oversold and then back again. What this creates, as a result, are those key levels of support and resistance which then help to define the next cycle. These of course appear in all timeframes from the 1-minute chart to the monthly.
https://youtu.be/FUqMb7bMJxw...
The year-end and run-up to the Christmas holiday season is always a great time for forex traders as the markets generally deliver volatility and momentum as traders close up for the year-end with position squaring and closing of books. So don't pack up too early this year and you will be rewarded with plenty of trading opportunities, particularly intraday on the faster timeframes. And with the Quantum Trading tools and indicators, you have the perfect technical indicators starting with the currency strength indicator and the currency matrix. The currency array then displays the strength of trends visually whilst the currency heatmap gives you the complete picture.
https://youtu.be/4MuBeRHESJs
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A quiet start to the forex session as London opens with tepid sentiment and markets move sideways with only the US dollar showing some signs of life.
https://youtu.be/eLUAROYZhTw...
