GBPUSD 03 SEPTEMBER 2020 (channel limits/proximity to Fib)
The volume on FXCM and Oanda are different. FXCM is showing higher concentrations.
With that, within the 5--61.8 zone with demand coming in. Bit of an RSI DIV (mental note, not a definitive trend reversal signal).
Uptrend on the daily nearing some key daily support areas... carefuly short, watch the demad.
Targeting as per SOP. Look for that double bottom/"W" formation with th APEX of the W being the low volume (automatic rally) testing area. (depicted to the right)
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
With that, within the 5--61.8 zone with demand coming in. Bit of an RSI DIV (mental note, not a definitive trend reversal signal).
Uptrend on the daily nearing some key daily support areas... carefuly short, watch the demad.
Targeting as per SOP. Look for that double bottom/"W" formation with th APEX of the W being the low volume (automatic rally) testing area. (depicted to the right)
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)