In this morning’s forex session we looked at some of the interesting set ups now on the horizon using the longer term perspective of the currency heatmap. The currency heatmap can be viewed in much the same way as the currency strength indicator. For the heatmap we consider pairs rather than currencies, and a great way to use the indicator is to look for the extremes as potential reversals, and with the yen now weakening following the flash crash, and coupled with a shift in risk sentiment, these now look good prospects for the longer term. At the other end of the ladder we have several euro cross pairs to consider. And all of course confirmed with volume price analysis and the Quantum Trading tools and indicators for MT4/5 and NinjaTrader – and more recently TradingView.
Check out the tools and indicators for Quantum Trading for MT4/5 and NinjaTrader
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