Before showing you the details of the strategy, it’s important to understand two key components of the different markets. Why do prices move in any market? Price in any market turns at price levels where demand and supply are out of balance. The consistently profitable trader is able to identify a demand and supply imbalance which means knowing where the actual buyers and sellers are in a market. By quantifying institutional demand and supply areas on a price chart, you can identify market turns and market moves in advance with a very high degree of accuracy.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Tuesday, January 19, 2021
EUR/GBP
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Triangle identified at 19-Jan-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8884 within the next 2 days. Supported by Downward sloping Moving Average |
AUD/USD
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Descending Triangle identified at 19-Jan-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7659 within the next 2 days. Supported by Downward sloping Moving Average |
Monday, January 18, 2021
EUR/GBP
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Channel Down identified at 18-Jan-17:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8884 within the next 3 days. Supported by Downward sloping Moving Average |
EUR/CHF
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Channel Down identified at 18-Jan-20:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0815 within the next 2 days. |
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