How to avoid the market maker traps at the London open – so simple with volume price analysis
In this video we focus on the forex market and in particular at the London open. The currency pair we consider is the GBP/USD and for the 1 minute timeframe which shows the market makers setting their traps at the London open which are easy to spot using volume price analysis.
00:21
Introduction to Forex workspace and currency strength
00:21
The speaker introduces a change of scenery by switching to the forex workspace. They explain that this workspace is typically used to start with multiple currency strength indicators to identify market movements, including which currencies are strong, overbought, oversold, or moving together, helping to determine which are currently not of interest.
00:47
Strong buying in Yen and selling in Pound
00:47
The speaker discusses strong buying activity in the Japanese yen and strong selling in the British pound over the past hour during mid-morning in the UK. They highlight a profitable trading opportunity from the pound moving from an overbought position and the yen from an oversold position,...