TerryHarmonicTrading
Short

EURJPY - Bearish Shark Completion

OANDA:EURJPY   Euro / Japanese Yen
Early week, I was looking for long opportunities, but I decided to skip because it was a Monday.

Now that it is thursday, I am shorting EURJPY             on a trend continuation short back towards the low of this week.

EP 132.60
SL 133.10

TP1 131.80
TP2 Leave open for now.
Trade closed: stop reached: hit sl for this trade. -60 pips.
Nice setup - could you please guide how do u use volume analysis ?
Reply
@gulz, a simple way i use it is to make sure I see some abnormal volume coming in before price hits the PRZ. I use the free VSA indicator on tradingview and abnormally high volume is marked in black.
Reply
gulz TerryHarmonicTrading
@TerryHarmonicTrading, thanks
How do you correlate abnormal volume with fund inflow or outflow ?
Reply
@gulz, from the books of Tom Williams, it is effort vs reward. Right at the top of a channel, if it is super high volume but price closes near the low. It is sellers overcoming the buyers. The areas which these abnormal volume take place is very important.
Reply
gulz TerryHarmonicTrading
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