hello fellow , I wanted to share with you this analysis to have an idea how to work your trades our between the strenght of the currencies that I share and the actual pairs.
so in my previous article I said that the USD currecy is strong and AUD currecy is week , so let's take these two currencies into an actual pair which is AUDUSD .
now since the USD is the strongest this means that AUDUSD is a week pair ( AUD<USD).
but before you jump into sell you need to take a look at the actual pair .
at the 4H time frame we can see that the pair is actually having a correction , and we might see more corrections before the start of the sells .
first you need to understand that the currency I share is based on an intraday term , this means it's based on the daily, 4H time frame , so even thought a currency might apear strong it might take days of correction before doing it's actual impulse movement withing it's real trend .
now that you understand this , let's do our analysis on the AUDUSD pair , first we need to take a look at the daily frame to understand it's main direcion and see if it matchs our currency strength metter .
the currency metter says that the AUD is the weekest against the USD and as you can see in the chart AUDUSD is actually very bearish ! but should we take our sells right away ? the answer is no .
we need to look at the lowest time frame and extract our strongest sell zones .
so actually the price is still correction, the best expected sell zone is 0.64691, you might start to look for actual sells arround it , we might see a fall down from 0.64319 as well , so again look for you sell confirmations arround these levels .
you might take buy scalps since the price is correction but do not greed , get in and out smooth and fast .
I hope this makes sense for you guys , good luck everyone.
so in my previous article I said that the USD currecy is strong and AUD currecy is week , so let's take these two currencies into an actual pair which is AUDUSD .
now since the USD is the strongest this means that AUDUSD is a week pair ( AUD<USD).
but before you jump into sell you need to take a look at the actual pair .
at the 4H time frame we can see that the pair is actually having a correction , and we might see more corrections before the start of the sells .
first you need to understand that the currency I share is based on an intraday term , this means it's based on the daily, 4H time frame , so even thought a currency might apear strong it might take days of correction before doing it's actual impulse movement withing it's real trend .
now that you understand this , let's do our analysis on the AUDUSD pair , first we need to take a look at the daily frame to understand it's main direcion and see if it matchs our currency strength metter .
we need to look at the lowest time frame and extract our strongest sell zones .
so actually the price is still correction, the best expected sell zone is 0.64691, you might start to look for actual sells arround it , we might see a fall down from 0.64319 as well , so again look for you sell confirmations arround these levels .
you might take buy scalps since the price is correction but do not greed , get in and out smooth and fast .
I hope this makes sense for you guys , good luck everyone.