I have posted a few Pending Orders after discretionary study of ranges, pair behavior and historical zlines, Murrey Math Lines, daily, weekly and monthly ranges and price levels. Purely price action based on pairs range behavior and fundamental analysis
I trade during Asian hours so my focus is on JPY, GBP, USD, EURO, AUD and NZD currencies.
I like the pairs linked to above currencies.
Mostly I like pairs which deliver high average ranges between 150-250 pips a day.
Big picture : GBP will provide sufficient volatility between 1.18 to 1.42 until Brexit is effected or abandoned.
Black Swan event likely: Brexit is given up.
Trading trigger: RBNZ (with no change in interest rates) is likely to lower trading zones related to GBP.
Australian and New Zealand banks are big players of OTC currency options because of high premium. The premiums are a major source of income for Sovereign Funds. Options flow largely determines the trading flows.
No way of finding out such trading flows. Yet the efforts to float with the flow will be made.
Pairs to provide volatility: GBPUSD, GBPAUD, GBPNZD, GBPCHF, EURAUD, EURNZD, AUD, USD
Pairs likely to depreciate: GBPAUD, GBPNZD,AUDNZD
Pairs likely to appreciate: USDJPY, EURUSD, EURJPY,
Pair likely to stagnate: USDGBP
I trade during Asian hours so my focus is on JPY, GBP, USD, EURO, AUD and NZD currencies.
I like the pairs linked to above currencies.
Mostly I like pairs which deliver high average ranges between 150-250 pips a day.
Big picture : GBP will provide sufficient volatility between 1.18 to 1.42 until Brexit is effected or abandoned.
Black Swan event likely: Brexit is given up.
Trading trigger: RBNZ (with no change in interest rates) is likely to lower trading zones related to GBP.
Australian and New Zealand banks are big players of OTC currency options because of high premium. The premiums are a major source of income for Sovereign Funds. Options flow largely determines the trading flows.
No way of finding out such trading flows. Yet the efforts to float with the flow will be made.
Pairs to provide volatility: GBPUSD, GBPAUD, GBPNZD, GBPCHF, EURAUD, EURNZD, AUD, USD
Pairs likely to depreciate: GBPAUD, GBPNZD,AUDNZD
Pairs likely to appreciate: USDJPY, EURUSD, EURJPY,
Pair likely to stagnate: USDGBP
Attached Image(s) (click to enlarge)
Practice makes a person perfect
