Hunting out the trades

Today’s London forex session was one where hunting out the trades was the order of the day, with the British pound continuing to remain very choppy and volatile with renewed uncertainty over Brexit driving the currency. The Quantum Trading volatility indicator was much in evidence in this session as the London session got underway. Even so, some great VPA lessons on the fast charts for the GBP/USD.

For Europe and the euro yesterday’s dovish comments from Draghi once again drove the euro lower on the day, but in this morning’s session there was an excellent bullish intraday opportunity on the EUR/JPY clearly signalled on the currency strength indicator, but now reaching a potential reversal with the euro reaching an overbought condition, and the Japanese yen, equally overbought. As always, support and resistance levels play a key role in volume price analysis, and this was confirmed on the EUR/JPY 30m chart along with the Camarilla levels indicator.

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.

» CONTACT ME