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The following trade has been entered due to smart money activity on the 19th of November 2024. The Setup From the screenshot below we can see a widespread down bar closing off the lows with ultra-high volume. The next bar also had ultra-high volume and closed in the middle of the range. The price rallied on low volume then dropped back into the lows, The price was testing those lows. After the test, there is an up bar with high volume which has caused the currency to rally towards the high of the ultra-high volume bar, which I call the… Read more: Trade USDJPY 20 Nov 2024

Which Currencies In Trend Alignment The following currencies are in trend alignment based on four timeframes; 4-hour, daily, weekly and monthly: Australian Dollar / US Dollar Read moreTrade USDJPY 20 Nov 2024The AUDUSD is in a downtrend on three of the four timeframes: 4-hour, daily and weekly. The monthly chart is starting to turn, but based on the monthly chart this currency pair does look weak. In October, we saw a VSA principle two-bar reversal after an attempt to rally. So far in November we see the currency down. I am mindful of the strength in the background which occurred… Read more: Trade Preparation Monday 18 Nov 24