In the London forex trading session, I revisit one of my posts from my learn forex trading Facebook page and with an annotated chart for the GBP/AUD on the 10-minute timeframe. The GBP/AUD is one of my favourite pairs to trade. Volume price analysis is all about a study of whether volume and price are in agreement or disagreement and from there to deduce where the market is heading next. In this case we had a very strong signal and clear reversal ahead, with the candle rising strongly but not supported with high volume which is what we expect. Instead, we saw low volume. In other words the market makers are not participating and it is a clear trap move ahead of a reversal lower, which is what we saw almost immediately.
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