AUDUSD Hourly Analysis Using Volume Trend Analysis
A quick update to say we just saw a trend change to strength (Green square) on AUDUSD Hourly - We're in a bit of an indecision area here but I took it long (.7370) as we also have a shakeout of sorts on it (VSA). Target is upper stall point of .7388 (Longer term is .74 area) unless we chop back to weakness (Red square)
The Volume Trend Advisor (The red and green indications on my chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength and the Red icon = Weakness. If you have any questions regarding this fairly simple and accurate method of volume analysis, please contact us directly via PM here or via our website.
The Volume Trend Advisor (The red and green indications on my chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength and the Red icon = Weakness. If you have any questions regarding this fairly simple and accurate method of volume analysis, please contact us directly via PM here or via our website.
Trade closed: target reached:
I couldn't update this earlier as I had both a personal and business account here and didn't realize that wasn't allowed. Everything is okay now and I can update and chat as before.