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…

The GBPAUD

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!

Cheers,

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • gary

    Hi Raul thanks for that what do you think of EurCad, for me thats a clear currency pair; i believe EurGbp is another great pair to trade, its great to play on each currency sentiment vs the other whilst keeping a look out for key lvls and trendline breaks .

    • Raul Lopez

      Hey Gary, thanks for your comment…

      That’s exactly what I try to do every morning, keeping a look out for key levels. I dont line using trendlines though…

      EURCAD, I’ll wait a little longer before taking a trade there, but the EURGBP it’s clear enough I think…

      Do you have a trade open and any of those?