Great VPA lessons on the CAD/JPY

Great VPA lessons on the CAD/JPY

by Anna Coulling Comment Closed
Great Volume Price Analysis Lessons On The CAD/JPY Some classic price action on the CAD/JPY daily chart, and in particular, several volume price analysis lessons to take away. First, note the volume anomaly on the wide spread up candle. Volume is average, so the market makers are not participating, as the trap is set. Clearly, volume and price are not in agreement, and this is a sure signal of weakness ahead. The price waterfall is developing as expected, and note the rising volume in a falling market, confirming the strength of the trend. Finally, in the last few days, we have had a two-bar reversal on good volume, with the currency pair looking weak. And remember, the Canadian dollar is closely associated with oil and with the recent fall in oil prices, this has also been reflected in the currency and one of the topics I cover in my free forex webclass. Volume Price Analysis (VPA) 101: A Beginner's Introduction Volume Price Analysis (VPA)...
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Crossover session traps

Crossover session traps

by Anna Coulling Comment Closed
Crossover session traps The crossover sessions in forex occur when trading in one timezone closes and another opens and can be a very dangerous time for traders. Why? Because this is where insider traps are set. The London open always is a fertile ground and there was a great example on the usd/jpy. Heavy buying in the pair on the previous day resulted in a nice move higher in Asia with the pair moving into consolidation ahead of the London open. Prior to the open the pair started to move higher on reasonable volume but reversed lower at the open on high volume until the hammer candle, again on high volume pushed the pair back towards the consolidation (the yellow line on the chart). Session Crossover Traps: How Market Makers Catch Unwary Traders (and How to Avoid Them) The session crossover — the moment one major trading session hands over to the next — is one of the most dangerous times of the day for...
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