Note the grey rectangle. This is just something I wanted to bring up because it came about when I was looking at this USDOLLAR chart. Previously we had a bullish candle into a down move (on the left of the chart). Note that price on the candle where the arrow points is exactly where the bullish accumulation candle opened previously. This means that there were...
I had purposely identified the yellow rectangle at the bottom yesterday as an extremely key area. Notice how price has returned to this area and is potentially turning bullish. Also noteworthy is why price dipped to today - below the low of the bullish candle leading up to bullish momentum in the prior of consolidation (yellow box). These are areas where you can...
What is orderflow? Order flow in any market is the placing of either pending or market orders. Prices may move due to the placement of these orders. What this means is that current value (i.e the spot rate) changes when there is a consumption of liquidity at a particular price level. Why is this important? What is occurring with any price movement is that...
USD/JPY has slowly been inching higher towards 8 year highs with recent sentiment pertaining towards both the USD as well as the JPY. With anticipation towards USD interest rates later this year, traders are attempting to "front run" the FED in order to gain competitive pricing per the infamous "carry trade". However, strength of the JPY has also seemed to have...
- One of the biggest reasons 98 % of traders lose money in forex is because they don’t know what currencies are strong respective weak. Knowing the strength of a currency will dramatically help you on the way to become a world class trader, you will never look at the market the same way once you have fully understood the importance of currency strength. NOTE:...
Hi all, Potential trade setting up on EUR/USD. See chart for description. www.tradingwhales.com
Hi all, Potential trade setting up on EURJPY. See chart for description. www.tradingwhales.com
Hi all, Potential trade setting up on GBP/CAD. See chart for description. Visit www.tradingwhales.com to learn more about Daily Currency Strength (Order Flow).
- One of the biggest reasons 98 % of traders lose money in forex is because they don’t know what currencies are strong respective weak. Knowing the strength of a currency will dramatically help you on the way to become a world class trader, you will never look at the market the same way once you have fully understood the importance of currency strength. This is a...
Hi all, Potential trade setting up on AUD/CAD. See chart for description. www.tradingwhales.com
Hi all, Potential trade setting up on NZD/JPY. See chart for detailed description, Let me know if theres any questions. (SEE TRADE UPDATES BELOW) www.tradingwhales.com
See chart for description. www.tradingwhales.com