- Whispers of Strength: Does The JPY Looks Set to Surge Against AUD?by Danny YounesThe Japanese Yen is showing signs of gaining strength, and this potential shift is catching the attention of market participants. As a Wyckoff practitioner, I rely on the principles of price action, supply and demand dynamics, and the behavioural patterns of composite operators to decode what the market is telling us. By applying Wyckoff’s methodology to the price charts of AUDJPY, I’ve identified key signals that suggest the Yen may be entering a phase of accumulation and gearing up for a fall in the price of the AUDJPY currency. In this analysis, I’ll walk you through what I’m seeing across… Read more: Whispers of Strength: Does The JPY Looks Set to Surge Against AUD?
- Master the Hidden Secrets of Market Success with the Richard D. Wyckoff Methodby Danny YounesWhat if you could crack the code of the markets, uncovering the hidden strategies of the most powerful players? For over a century, the Richard D. Wyckoff Method has equipped traders with the tools to do just that. This groundbreaking approach to analyzing price action and volume reveals the inner workings of market psychology—insights that remain just as relevant in today’s fast-moving financial landscape as they were when Wyckoff first developed his method. Whether you’re trading stocks, forex, or cryptocurrencies, mastering the Wyckoff Method can provide the clarity and confidence you need to anticipate market movements. In this article, we’ll… Read more: Master the Hidden Secrets of Market Success with the Richard D. Wyckoff Method
- Trade #5 AUDJPY 26 Nov 2024by Danny YounesThe trade on AUDJPY was based on a retest of the ultra-high volume zone, signaling professional activity. An ultra-high volume widespread down bar indicated strong buying by professionals absorbing supply. Following this, the price rallied with diminishing volume, culminating in a no-demand bar—a classic sign of waning bullish interest. The trade entry was triggered upon confirmation of the no-demand bar. After entry, prices came very close to the stop loss level but failed to break above the no-demand bar, reinforcing the validity of the setup. The position was managed with a single profit target, prioritizing a realistic 1:1 risk-to-reward ratio… Read more: Trade #5 AUDJPY 26 Nov 2024
- Trade #4 EURCAD 20 Nov 2024by Danny YounesThe trade on EUR/CAD was based on observations from the daily chart, revealing a classic distribution phase orchestrated by Composite Operators (Smart Money). The first key signal appeared on August 2, 2024 (Point 1) with a widespread down-bar on ultra-high volume, closing near the bottom of its range. This indicated institutional selling disguised as strength, likely intended to entice retail traders into long positions. Subsequent price action showed retests of the highs accompanied by supply bars, evidenced by up-bars closing below their highs and diminishing demand. The appearance of no-demand bars and an upthrust (Point 2) confirmed weakening buying pressure… Read more: Trade #4 EURCAD 20 Nov 2024
- Trade #3 EURUSD 22 Nov 2024by Danny YounesTrading forex during high-impact news announcements can be both risky and rewarding. In this blog, I’ll share how I used Wyckoff Volume Spread Analysis (VSA) to trade EUR/USD following a worse-than-expected Flash PMI announcement. This trade was a great example of how VSA principles can help identify opportunities when the market is volatile and fast-moving. The Setup: Weekly Chart and Key Support Level Before the news announcement, I had already analyzed the EUR/USD weekly chart. One critical level stood out: a well-defined support level that had previously held price action multiple times. This support level was my focus because significant… Read more: Trade #3 EURUSD 22 Nov 2024
- Trade #2 GBPNZD 21 Nov 2024by Danny YounesThis trade was brief, and I opted to exit early due to clear signs of weakness appearing in the market. Let’s dissect why I made this decision. Initially, all timeframes aligned with an uptrend, suggesting strength in the market. However, on closer analysis of the chart, subtle clues pointed to potential weakness emerging. Despite the prevailing upward trend, I remained cautious, aware that professional money might already be offloading positions. The reason for entering the trade was based on the Wyckoff test following a period of no demand. After confirming the test, I initiated a long position. Prices rallied to… Read more: Trade #2 GBPNZD 21 Nov 2024
- Trade #1 USDJPY 20 Nov 2024by Danny YounesThe 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 #1 USDJPY 20 Nov 2024
- Trade Preparation Monday 18 Nov 24by Danny YounesWhich 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 #1 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… Read more: Trade Preparation Monday 18 Nov 24