See Post #9071
This was posted after NY 5pm close.
Now see where the candle closed at midnight.
This tells us a lot about the Asian trading activity which is normally lethargic.
Remember, forex does not really close at NY 5 pm as there is an overlap when New Zealand are already trading followed by Australia then Japan then China.
Remember also, the highest volume, liquidity and volatility usually takes place during the trading sessions of their “home” country, i.e.,
JPY in Asian sessions
EUR, GBP, CHF in Europe sessions
USD in NY sessions
This was posted after NY 5pm close.
Now see where the candle closed at midnight.
This tells us a lot about the Asian trading activity which is normally lethargic.
Remember, forex does not really close at NY 5 pm as there is an overlap when New Zealand are already trading followed by Australia then Japan then China.
Remember also, the highest volume, liquidity and volatility usually takes place during the trading sessions of their “home” country, i.e.,
JPY in Asian sessions
EUR, GBP, CHF in Europe sessions
USD in NY sessions
15 YEARS OF PASR ON FOREX FACTORY!