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AUD/CAD short from 0.9616This short trade idea is based on the Volume accumulation setup. I think that a lot of short positions got accumulated in the heavy volume area around 0.9616. I think this because the price shot aggressively downwards from this place. When the price makes it back there I expect that sellers will be defending their selling positions and that they will push the price downwards again. There is also one more trading setup present there. It is called the “Open-drive” and I write about it in my new book.
by Trader_Dale
3
EURUSD long magnet zone You can see strong side way price action after trend up... There was a volume accumulation area from which strong buying activity started. For that reason I think that the volumes accumulated in this area were volumes of strong buyers. I waited for pullback to this area. When market go back to this area strong buyers will be defend their positions. I think EURUSD 0.15% is ready for correction higher. Because we are in the strongest Volume accumulation of THE LAST YEAR!! This is second reason why i want search long position too.
by Trader_Dale
1