Hey FX-Ray, question for ya...
I'm interested in your analysis. Your target at 156.25 has not been hit, do you still think that it will be? If your answer is yes, that's a good 275+ pips from current levels so I'm curious what your game plan is, and whether you thought 156.25 was/is a legitimate target or not?
While the 4H looks bearish from here, I expect to see support around the 159 level, possibly a break of it, but then an onward push higher, as the Weekly TF is just starting to turn.
Do you trade based on volume alone or do you use a method more similar to VSA? And also am curious to know if you rely so much on volume, do you use volume-by-price indicators or just volume weighted by time? Just looking for a further explanation, as you seem to know what you are talking about... which is why I find it confusing because I'm personally not so sure how realistic that target of yours is.
I'm interested in your analysis. Your target at 156.25 has not been hit, do you still think that it will be? If your answer is yes, that's a good 275+ pips from current levels so I'm curious what your game plan is, and whether you thought 156.25 was/is a legitimate target or not?
While the 4H looks bearish from here, I expect to see support around the 159 level, possibly a break of it, but then an onward push higher, as the Weekly TF is just starting to turn.
Do you trade based on volume alone or do you use a method more similar to VSA? And also am curious to know if you rely so much on volume, do you use volume-by-price indicators or just volume weighted by time? Just looking for a further explanation, as you seem to know what you are talking about... which is why I find it confusing because I'm personally not so sure how realistic that target of yours is.
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