One of the most important things about the JPY currency to remember is that it is a safe haven currency. This means then whenever there is some uncertainty like war, natural crisis, disasters etc…then people shift their funds to safe assets (JPY, CHF, GOLD,…). They want their money to be safe. What happens to a currency when everybody gets crazy buying it? It...
Now this is a different story! There was a 160 pip opening gap on the CAD/JPY! The price haven’t even get close to closing it. The volatility is pretty big here. This means the gap could get filled shortly. I would not be surprised if it got filled today or tomorrow. It does not matter too much when it will get closed though. The thing which I find interesting...
The EUR/USD is pushing upwards like crazy. It made over 400 pips just in eight days! An interesting thing is that there were eight consecutive bullish Daily candles (all green). Not a single pullback! This is a sign of strong and aggressive buyers. Even a blind person can see this. How to trade in a trend The main intraday trading strategy in such a situation...
There is now a lot of attention on the AUD/USD. The reason for this is that it has just hit it’s 11 year low! There are fundamental reasons for this (fires, Coronavirus,…) but I don’t really believe the AUD can fall indefinitely. Sooner or later it will bottom out and I think this moment is coming! Look back in the past When a trading instrument falls to its...
Today I would like to do a swing trade analysis of the USD/JPY and show you some points that I think are pretty important there. Crazy USD/JPY buying There was some pretty aggressive buying on the USD/JPY recently. The price shot 240 pips upwards just in two days! What also happened here was that 10 months old gap got closed as a result of this buying...
For this week i will be watching this two significant volume clusters. First is around 0.8828... There can you see after accumulation strong sell off... Second one is around 0.8862.. Reasons for short is : 1. Trend down 2. Volume cluster For more reasons and trading tips for this week watch my FREE video with Weekly ideas . Happy trading Dale
All eyes are on the EUR/USD again. The reason is that it broke all significant supports and it is under strong and constant selling pressure since the beginning of this month. Is there a way to tell where this strong downtrend might stop and possibly turn? Yes, there is! But we need to have a look at higher time frames – weekly or monthly. Why? Because we need...
The previous week I wrote about the importance of the big picture analysis. I did a long – term analysis on Gold using Weekly charts and Volume Profile. Now, I would like to zoom in a bit and analyze Gold on a much lower time frame (30 Minute). This will point us to intraday supports/resistances which are currently there. Price Action analysis Let’s first...
After nice downtrend can you see two significant Volume cluster. First is 120.23 but furtunatelly is done... Short from this level was win... Another Volume cluster is 119. 867... This price level was not tested yet.. So for that reason i waiting for short from this Volume cluster. Happy trading Dale
I draw Volume profile from point A to B for visibility significant volume cluster.. There is nice three volume cluster... On two of them was nice short reaction for short trade... The last one around 1.3281 has not been tested yet.. From this short level i expect short reaction too.. Happy trading and Happy Valentine's Day!! Dale
Support on EUR/USD got breached Let’s first start with looking at a Daily chart of EUR/USD. There has been a pretty significant development! Significant support (from Daily time frame) got breached and now it seems that lower prices (below this support) are being accepted. This would mean that this support will become a resistance. Currently, it is still a bit...
Different trading instruments I got quite a lot of emails yesterday and many of you guys were asking, whether this strategy was also applicable to other trading instruments. The good news is that the answer is – yes! You can apply this strategy to other trading instruments as well. Apart from forex, you can also use this one for example on indices like S&P 500,...
JPY Strengthens and Creates a Swing Trading Opportunity Today, I am going to do a swing trade analysis of CHF/JPY forex pair. I usually do swing trade analysis on a Daily time frame. This time frame helps me to see the big picture (which is needed for swing trading). Trend Setup on CHF/JPY The CHF/JPY was in a trend since the end of November 2019. Strong...
How to participate in the USD/JPY uptrend In yesterday’s post, I was talking about intraday resistance on USD/JPY. I said it was a bit risky scenario because this resistance went against a long-term uptrend (therefore it was a counter trend resistance). Today, I would like to look more into the big picture of USD/JPY and comment on the strong long-term...
I trade the Trend setup when there is a strong trend. The strong trend can you see from point A to B... STRONG MOVE UP!! The strong trend indicates that one side of the market – buyers or sellers is much more aggressive than the other. In an uptrend, strong and aggressive buyers are pushing the price upwards. With the Trend setup, you only need to mark the...
Here is my another setup what i use.... On move up i use volume profile for determination strong volume cluster.. Right now is the strongers volume cluster around 0.68755 This will me my long level.... Confirmation with resistance from the past. Happy trading Dale
The last week can you see nice reaction on the top of the market... There is few reasons for this short level... 1.1309 is right now for my short level... Confirmed with Volume cluster Happy trading Dale
Here is the most significant Volume cluster on EURUSD for this Week. I expect reactions around this level... Stoploss will be taken in low volume nood... EURUSD is right now in consolidation from Daily chart... Happy trading Dale