or interest in any PAIR that you trade is key to know. You need to know (what time's and day's of the week to trade any pairs- all are different). If you notice on this GBPUSD
15 minute chart, when volume
is high then Price Action will be moving a lot more, which gives you momentum and less risk. When volume
is low, as noted on chart, price action is consolidating or going sideways-- this kind of trading (swing trading) is a lot more risky, then trending price action times with higher volume
. *If any pair has low interest or volume
, in my opinion find another pair with higher volume
to trade. More people trading, causes more movement in price action.
Good luck in October with trading a plan and making decisions: Trade with trend, major Support & Reversal levels, price action on charts and reversal candlestick
patterns. Look at charts from MACRO/big to MICRO/small.
15 minute chart and all EMA's being above price action and RSI
being below 50, I expect price action to continue into a bearish
direction, at least for the 1st part of day of trading this coming Sunday 2nd of October.