My favorite currency pair (and should be yours too)
Ok, not necessarily yours, you like what you like… but at least you should consider it. Here is the evidence.
It’s not that I marry one currency pair and just trade it without looking at others… no no no, it doesn’t work like that. I do my homework, every morning and try to decide which currency pairs have:
- The clearest market condition
- The most profit potential
An in the last months, one currency pair has been as clear as water and what I mean by that is that I’ve been able to determine which way to trade it the moment I look at it.
And this currency pair is…
I can’t think of another currency pairs as clear as this one (we are looking at the daily chart), here is the trading plan:
- Once the market gets rejected from the bottom of the range look for long opportunities, until when? Until it reaches the top of the range, which is where the market is likely to reverse.
- Once the market gets rejected from the top of the range, look for short opportunities, until when? Until it reaches the bottom of the range, which is where the market is likely to reverse.
Easy enough isn’t it?
So instead of trading only one currency pair just because everyone trades it, try to find the one that has the clearest market condition.
Share your thoughts!