OANDA:NZDJPY is presently exploring the Point of Control Zone for this month, presenting a potential bullish opportunity. The strategy involves validating the market's response to this zone, anticipating a rebound towards the 90.800 highs. Key to execution is monitoring volume dynamics, serving as a crucial entry signal. The volume's confirmation will provide...
FX:CHFJPY encountered resistance, failing to close above its recent high and exhibiting signs of rejection. Despite bears reclaiming today's gains, retracement volume remains relatively low. Awaiting a more convincing volume, my strategy involves observing a retest of the 171.00 level. A bearish candle with significant volume at this point could serve as a sell...
The CHFJPY pair has been showcasing a significant breakout early this year, surpassing the crucial 170.500 level. After reaching a peak at 171.484, it retraced to 169.766, where it demonstrated a classic "base-rally-base" price action, underpinned by substantial volume, confirming its bullish momentum. As it now positions itself above the 170.500 mark once again,...