DislikedGuys have you noticed trend have been changed for AUDUSD, NZDUSD and USDCAD. Now it's look uptrend for AUDUSD and NZDUSD; and USDCAD for downtrend on H4 and Daily charts but Weekly chart still long yet (vise-versa). What do you say guys? Especially Rayner? Regards. Umair (Umee)Ignored
What we are seeing is a gradual shift in the Order Flow that can signal the start of a New Trend.
As more Buy Orders come into the Market and consume the Sell Orders the Market will rise.
Sellers who are later to enter will have their Buy Stops triggered which in turn will push the Market higher again.
This will bring even more Buy Orders to the Market and it's the Sellers Buy Stops being triggered as the market rise that feeds the Buying.
It's only when there are no more Sellers to Buy from that a Bullish Trend comes to an end.
Of course it's visa versa for a Bearish Trend.
We have to remember that the Forex market is a Zero Sum Market for every Buyer there has to be an equal Seller it's the shift in the Buying and Selling Volume that pushes the market Higher or Lower.
Who ever is on the wrong side of the Market (Losers) is providing the Volume to feed the Market as they Liquidate their Losing Positions.