It’s an action packed day with plenty of fundamental news to keep the currency markets moving with a final performance from Mario Draghi and a key speech from Mike Pence later in the day which may set the tone for risk sentiment as indices approach all time highs once more.
And as the London forex session gets underway Anna explains more about the sea states of the markets and the importance of understanding chart structure which are fully explained in the complete forex trading program. In the session Anna takes a look at the AUD/JPY to explain these concepts, and as the London session approaches volatility and trap moves are everywhere as she and David focus on the European currencies of the pound and euro, with a classic trap move on the GBP. This is clearly signaled through the prism of volume price analysis and supported by the Quantum Trading tools and indicators. The session crossover is a classic time for such moves to occur and today was no exception with the intial trap sprung on a low volume move higher, before traders were then locked in as the market reversed against them. Very simple but very effective.
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