Alpha Circle Nsukka | Charts, Psychology & Market Discussions

Gm you all how is going 😊

Gm gm from xau

Good morning traders

Update on NZDCAD still moving I may close anytime from now

Same thing on NZDJPY I have been holding this trades since last week may clos anytime from now , my eyes are it, looking for any invalidation

Holding above 91.658 keeps the bullish structure intact. Unless that invalidation breaks, the trend still has room to continue despite the current hesitation.

Hopefully it continues it bullish trend

The market is too slow, maybe because of USD bank holiday

Today is USD bank holiday? Didn't even take note, no wonder my usdcad trade is just hesitating to move and Eurusd seen indecisive

Let’s talk about PRICE & VOLUME

1. Price

Price is the final agreement between buyers and sellers.

Every candle tells a story.

For example:

Large bullish candle

Meaning:

Buyers dominated.

Large bearish candle

Meaning: Sellers dominated.

Small candles

Meaning: Balance.

Long wicks

Meaning: Rejection.

Everything starts with price.

2. Volume

Volume tells you:

How much participation occurred.

Example: Price moves up.

Question:

Did many traders participate?

If yes: High volume.

If no: Low volume.

This changes everything.

Imagine two breakouts.

Breakout A

Price breaks resistance.

Volume doubles.

Interpretation: Strong conviction.

Breakout B

Price breaks resistance.

Very low volume.

Interpretation: Weak breakout.

Higher chance of failure.

Volume answers:

"How much effort produced this move?"

Do what ever you like with this information

The combination is where the real edge comes from. Price shows direction, but volume helps validate conviction. When both align, breakouts have a higher probability than moves driven by price alone.

Btc sell setups

Sharp you don observe this setup since

Why'd the market close so early today, what did I miss?

Today is a Friday that's why

US bank Holiday

Nah

The market hasn't closed yet

It will close as usual 10pm

The market is just slow because of bank holiday

Should I keep holding this trade till next week or close as the market closes today?

Bank holiday