Some great volume price analysis lessons here on the 30 minute chart for the CAD/JPY. First note the strong resistance marked with the red dashed line of the accumulation and distribution indicator. Then the price waterfall develops on rising volume, an excellent signal of strength in the move. Finally note the signals of further weakness to come with the effort to rise on high volume which fails and creates the wicks to the upper body of each candle.
By Anna Coulling
Charts from NinjaTrader and indicators from Quantum Trading
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