Another anomaly, this time on USD/CAD. Big Banks and big Financial Institutions are trying to fool us again. A huge move up on USD/CAD, huge green candle BUT below average Volume. The daily candle has stopped a little bit above the March, April, May, June, July, August, September combined POC but below-average volume. Again, to break such strong POC without...
On Sept 27 everybody was short on USD/CHF. It was pretty clear that the USD/CHF had reached a strong supply zone. But why next day the price went up? The question is, how to read the big banks and big financial institutions? The only answer is price action + volume. It's like the old times, the ticker tape, supply & demand. If there is a strong movement there...
Yesterday, September 18 the FED has decided to lower interest rates by 0.25%. The markets reacted in an odd way because instead of the US Dollar going down it went up, freaking up some traders and speculators. The reason why I did not panic or closed my position short on US Dollar is simply because of 2 simple reasons (as you can see on the chart): 1. Price...
Short on CAD/JPY, as you all can see, the price is at the top of the 2/1 Gann Fan line. Aiming at least 81.324 You have to have patience!!! This is a long-term GAME!
This is the REAL, TRUE BIG PICTURE about USD/CAD. Aim short at 1.31296, be patience and you're going to be fine.
AUD/CHF Daily; I've simply plotted the Volume Profile of June, July, August, and September. Now I have and idea where the Big Banks and Big Financial Institutions like the price to be. Plus the trend is down. I've bought "short" on 0.68256 aiming the August and September Volume Profile of 0.66400.
First of all the pair is at 52 weeks low and I believe the big banks and big financial institutions will not let that happen since the July and August POC areas are away above the current price. Looking for a TP at around 1.4647.
Looking for a "short" on GBP/CHF Daily. Supply coinciding with July POC area (Volume Profile). Let's see how hard the Big Banks and big financial institutions will hold this area. Looking for TP at around 1.19, which is the August and September POC area.
Looking for "short" CAD/CHF. It's reached 1-Month high and also the Volume Profile POC July area, very good risk/reward. Also, Gann Fan plotted with a very nice 8/1 line on top, and others Gann Fan lines very nicely built. Big banks and institutions had created a strong supply area in July!
It's is quite simple to see that Oil will in a short time reach 58.9 to the 60s area. Big Banks and institutions are "building" and accumulating orders for the winter. Volume Profile plotted with Developing POC, Triangle Pattern had been tested and about to break up, also the Gann Fan 2/1 aligned with the up Triangle Pattern.
Same strategy and concept as the previous post, but in a Daily chart. Based on Volume Profile from 6 months behind I've found Supply & Demand Areas, where Big Banks and Hedge Funds "build" their prices, I've highlighted those areas (in orange) and plotted the Gann Fan. Now I'm just waiting for the New Zealand Dollar / U.S. Dollar to come back and reach the price...
Based on Volume Profile from 3 months behind I've found Supply & Demand Areas, where Big Banks and Hedge Funds "build" their prices. Now I'm just waiting for the Australian Dollar / U.S. Dollar to come back and reach the price around 0.69134 and 0.69298 to "short." It's a strong area and that the big institutions don't forget!