Usd/chf update

As I mentioned in my earlier post, that Breaks often tells us which way price will go and If you have such activity and then it became easy to define why price has been moving so strongly in one direction.

If you closely watch the chart then you find that after strong downside activity, price accumulate for days, and then we had some strong breaks both Initiative and Liquidation , Then we saw before the FOMC Rate statement,We saw an Responsive break on previous day and that type of breaks often trap traders, when they look to sell the rally and just before the release we saw more selling activity, and then we saw immediate strong candles coming out false Intermediate breakout.

Scanning Activity in Usd/chf

I just watch the chart closely as I post in my previous post, As We have seen and the activity is the same as told and that is why I need to prefer to wait and watch before I enter and exit and couple of good entries in a week matching such activity is good for me and I always try my best to post all what I see in the chart.

Type of Breaks In currency Trading

I have explained in my earlier posts that I would try to cover most of the aspects in trading and Which can help us in determining the various Institution activity and when we see strong breakouts then we should see the background whether there is any entry to be offered by market makers, And Breaksoften give us clue which way price would go after such strong momentum.

Initiative,Liquidation and Responsive Breaks.

If You see such strong Initiative Breakouts which are followed by ranges at the bottom then this is know as Initiative Break, And when such breaks followed by immediate sell-off, then it give us clue that this market is driven by fear or some news release and Liquidation was a part of that release. But If you found the daily range and during the final hours of day close we saw strong breaks to the range to the upside or downside, Then It is know as Responsive Break

Most of the times when we see such activity, the after scanning all the activity we see momentum comes again and drives the price and momentum came again from lows to the upside and that momentum is strong then we should feel confident that earlier "Responsive Break", was a trap and price will be driven strongly to the upside as market as "Accumulated", whatever supply it holds and then value again shifts to the upside and price is drive more strongly.

For more help please check this update of usd chf chart

Update of Post Eurjpy : Value Migration

For those who did not check my earlier post How Value migrates, Then take a look at the post I made two days ago of Eur/jpy

Simple technique when value migrates it really won't lean around the areas for too long and we did need strong Initiative Break and strong candle off from the area I marked was the one we needed.

When Price reverse in strong trends then it does take time to consolidate and accumulate the supply but not in this case and we have several Intermediate breakouts and reversal from those lows were strong and final breakout after Value Migration was strong as rally to the downside lack momentum and we just need a strong Rotation center violation candle that did the trick in this case.

Updated Chart of eur/jpy

In above mentioned chart, I have clarify How Value migrates and that is how we need patience to trade the trend reversals but we should not be in hurry to trade only candles patterns breakouts as we should give time to breakout to see whether or not the part breakout has follow through.

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Correction In Eur/jpy Might have ended earlier than Expected

I watched the activity in Eur/jpy chart trade and watching that Intraday rally from the Bottom is very weak and Price once again holding higher prices strongly and I would like to see a test of 136.30 area again and then I would expected bigger rally would be on the cards once again on and Intraday Bulls will come In the market once again move the price higher.

We can once again see Value Migration to the upside, But depends a lot on that Price maintain the "Imbalance" in the market, and don't fall sharply and If it does we can see much more consolidation before next move higher or lower.