This one would be my 3rd delivery… What do you think so far about my analyses and its format? I’ll appreciate your feedback!
If there is one thing that I’d lie you to learn from my analyses is that there is nothing better than adapting to the market condition.
Sometimes it might seem easier to try to guess what the market is likely to do, but its far better to wait for the market to make its first move, only then you make your move.
And if there was a second thing that I’d like you to get is that sometimes the market (a currency pair) is not tradable.
Forget about choosing to trade a currency pairs because of its spread, or because you feel more comfortable taking longs (or shorts), or because you have an hunch about that currency pair.
AUDCAD, CHFJPY, EURNZD, forex
As promised, here is the analysis of the currency pairs I’m currently looking for trade opportunities.
Disclaimer: These are just the pairs that I’m going to trade (looking for trades), this should not be taken as trade recommendations. If you don’t agree with this, please stop reading now and close this window.
This is how I analyze the market
First I analyze the long term charts and look for the currency pairs that have the clearest market condition (clear swings and S&R levels).
Once I have a clear market condition, I look for my entries on the short term charts.
AUDCAD, CADJPY, forex, GBPJPY, nzdusd
If you have been following me for a while you know that the first thing I do in the morning, before I place any trade is to look at the long term charts.
Not because I like to trade off the daily or the weekly charts, but because when the market swings on the long term charts make sense, you are most likely to see a move in the same direction on the short term charts.
So it’s not because I don’t like the EURUSD, but because right now, I dont see a clear condition.
AUDCAD, CHFJPY, EURUSD, forex