Trading volume

  Trading volume is important. When a stock or forex pair has increased volume it is like fuel for a different price up or down. It can be an important sign for traders to enter the trade long or short. Many times news with trigger buyers and sellers to enter the trade. If you use candle stick charting you can see the direction if the candle is red or green.

 The time of day also matters so you need to be aware of the time this is happening.  The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.

Forex chart, USD/JPY

 

USD/JPY 30-Mar-20:00 -> 05-Apr-12:00 Target Level: 110.7440

SL: (A) 110.5170 Last TP of Triangle RL: (B) 110.7440 Last TP of Triangle Target Period: 9 hours   Interval 1 hour Pattern Triangle Length 44 Candles Identified 05-Apr-06:00

Triangle identified at 05-Apr-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 110.7440 within the next 9 hours.

GBP/USD,forex chart

 

GBP/USD 25-Mar-17:00 -> 05-Apr-12:00 Target Level: 1.3886

SL: (A) 1.3812 Last TP of Ascending Triangle Target Period: 2 days   Interval 1 hour Pattern Ascending Triangle Length 116 Candles Identified 05-Apr-09:00

Ascending Triangle has broken through the resistance line at 05-Apr-09:00. Possible bullish price movement forecast for the next 2 days towards 1.3886. Supported by Upward sloping Moving Average

CAD/JPY

 

CAD/JPY 01-Mar-18:00 -> 05-Apr-13:00 Target Level: 86.0830

SL: (A) 86.0830 Last TP of Channel Up RL: (B) 88.2980 Last TP of Channel Up Target Period: 2 days   Interval 4 hour Pattern Channel Up Length 99 Candles Identified 02-Apr-09:00

Channel Up identified at 02-Apr-09:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 86.0830 within the next 2 days. Supported by RSI above 60

EUR/CHF

 

EUR/CHF 10-Mar-06:00 -> 31-Mar-13:00 Target Level: 1.1094

SL: (A) 1.1031 Last TP of Rising Wedge RL: (B) 1.1094 Last TP of Rising Wedge Target Period: 3 days   Interval 4 hour Pattern Rising Wedge Length 52 Candles Identified 31-Mar-09:00

Rising Wedge identified at 31-Mar-09:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1094 within the next 3 days. Supported by Upward sloping Moving Average