-
Trade #5 AUDJPY 26 Nov 2024
•
The 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…
-
Trade #4 EURCAD 20 Nov 2024
•
The 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…
-
Trade #3 EURUSD 22 Nov 2024
•
Trading 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…
-
Trade #2 GBPNZD 21 Nov 2024
•
This 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…
-
Trade Preparation Monday 18 Nov 24
•
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 #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…