Divergences - (All Pairs)

eurcad - divergence and pin bar followed by engulf d1, cad d1 up against all, eur slight struggle against usd jpy chf, eur can flip quite easily though not sure, pa suggest cad bull is stronger last d1, 2nd zone feels a bit extreme maybe a set and forget and come back in months time, could possibly bounce back up to test highs

in a perfect world, cad bull bunts away eur bull and eur bear accelerates this trade smashing levels below, but nothing is perfect depending on your definition of perfection

eurgbp descending diverging triangle, might flag out possibly

Euro USD showing a consolidating market.

dxy h1 h4 d1

diverging pressure in h1 with strong t/l possible wedge, h4 broke its channel so telling me it wants to go up but h1 is suggesting possible short term movements, d1 in divergence, also my quick weekly analysis below, not sure if itll be usefull to anybody, my way of analyzing weeklys is a bit different

sa - strong against
wa - weak against
cn - sideways

WEEKLY

USD
SA - cad eur gbp chf jpy -- WA - aud -- CN -- nzd

NZD
SA - gbp jpy -- WA - aud chf -- CN -- usd cad eur

AUD
SA - usd nzd gbp eur cad chf jpy -- WA -- CN -

CAD
SA - gbp jpy -- WA - usd aud -- CN -- nzd eur chf

EUR
SA - gbp jpy -- WA -- usd aud chf -- CN -- nzd cad

GBP
SA - jpy -- WA - usd nzd aud cad eur chf-- CN --

CHF
SA - gbp eur jpy -- WA - aud -- CN -- usd nzd cad

JPY
SA - -- WA - all -- CN --


STRONGEST TO WEAKEST WEEKLY

Aud usd chf nzd cad eur gbp jpy

gbpaud h4 zone - gbpnzd looks similar, still doing its gap thing, correlations look ok, diverging down

gaps closed just waiting for 4h, mine closes in 30m and then need a solid 1h candle for reversal confirmation given it doesnt take the zone with force, bottoms around 2.047 1st zone up is around 2.06

a trade management and quick maths equation for lot size when placing trades for those who dont know and how to maximize on entrys

say u have a $123456 account and u use a 2.34% risk
to calculate the risk% amount will be 123456 x 0.0234 = $2,888.87 for a risk of 2.34%

then find your entry and sl in pip size, say your sl is 123 pips, so u want to maximize lot size to your 2.34% risk, u will have to find the pip value in your currency, each currency is different and pip values are different in certain instruments, theres indicators u can download to find them

say the pip value is $8.9 for 1 lot and your risk is $2,888.87, divide risk $2,888.87 by sl 123 pips and your get $23.48 per pip then divide by lot value ($8.9) and your get 2.63 lots for 2.34% risk

another way is to calculate percentage risk $ amount then divide by lot size/pip value amount and u will see how many pips your risk$ amount can go for on that lot size or a lazy way i use to do is to divide $ amount by lot size/pip value then u can see how much pip your $ can go for

its good to know how much risk u can use if entry is on or off, for good entrys u can maximize lot size for tight sl's or for off entries u can adjust to different lot size while using same percentage risk

gbpaud held despite gbp bear, not much changed, was anticipating a slight wave down, may still happen, some risk off flow possible, audnzd could possibly turn giving aud bear strength

eurgbp entry in the bin, lazy entry nothing at the tip (divergence maybe 1 min) dont trade those, had no room to play b.e

eurcad bulls still going at it, lengthy trade, need this eurgbp to turn some weakish signals there

gbpaud, thinking more up, audnzd not sure if tops in possibly more up, maybe another h4 wave up on eurgbp as well, watching low t/fs pa in gbpaud for reversal signs etc