USDJPY 27 JAN 2020 2005 hrs (points of confluence)

some interesting things.

volume increase as price fell (rejections/SOS)
pretty strong volume as price has sat in the fib zone
previous resistance turned support (white horizontal beam)

Still learning how the news impacts things. You can auto-plot future events on the chart. Trying to figure out how to use news as some form of confluence. I think it as a the next step in mastery and professionalism. I know it has an affect on how things move and how institutions may be positioning, which is extremely important in truly identifying wether or not the instrument is bullish or bearish. I have been blowing off fundamentals as i have been trying to put this puzzle together as taught by Wyckoff, Williams and Faders. I think having at least a ground level understanding of fundamentals may help one become a little more well rounded.

Supply and demand always central.

Practice*

“Patience is key to success not speed. Time is a cunning speculators best friend if he uses it right”

Jesse Livermore

Sources of education:
Tom Williams Volume spread analysis VSA/ Master the Markets
Richard Wyckoff
Pete Faders VSA*
Read the ticker dot com
Dee Nixon
BTC trading challenge price action/volume techniques

Good luck