There are always traps being laid for the unwary trader, but for students of the volume price methodology these are always very easy to see, and in the London forex session we highlight one on the GBP/AUD on the 10-minute chart which was hard to miss!!A classic trap move on low volume with a nice wide spread up candle….then congestion and the reversal follow. Price action traders would have followed this one higher. Volume price analysis traders would have closed out, and then joined any reversal lower.
