https://www.youtube.com/watch?v=ZvVxszhnFvs
Unprecedented negative oil prices have an effect on all petro currencies and cad/jpy no exception which was driven lower in our London forex webinar as market sentiment soured resulting in strong flows into the Japanese yen. Looking at the price action in multiple time frames and using the Camarilla indicator to identify key support and resistance levels.
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https://www.youtube.com/watch?v=vgRHqIqe2HA
Gaps Are Traps
Gaps in price charts often look exciting. They promise quick profits. But gaps are traps for many traders. Price jumps leave empty space. This attracts chasing buyers or sellers. Volume price analysis (VPA) reveals the truth.
Gaps can indeed be traps as this chart from the YM shows. The price action is from our London forex webinar and forex traders may be wondering why they should be looking at related markets as the futures. And the answer is for a view on broader market sentiment which will then be reflected in the buying or selling of currencies that reflect risk appetite such as the Japanese yen.
Why Gaps Become Traps
Gaps form on news or low liquidity. Retail traders rush in. Professionals fade the move. High volume filling the gap shows conviction. Low volume gaps persist longer. Quantum indicators on NinjaTrader or MT5 highlight gap behavior clearly.
Avoiding Gap Traps with VPA
Wait for volume confirmation before entering. Gaps filling with strong volume...
