I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
Fifth pair for today is AUD/USD .
* Description and meaning of all my indicator numbers are given below.
AUD strength consistency 1.0611
USD strength consistency 1.2486
Expected daily target
Switching point 0.7722
Invalidation point 0.7686
This suggestion is also primarily based on the AUD strength against USD. The fall from the recent highs has been so staggered that it doesnt show the intent for deep retracement as yet. We could capitalise on a quick trade to the upside
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
% : It is the % movement of the pair on the current day with reference to the Avg. .
Expected target is calculated based on the Avg and currency %.
Switching point is the suggested entry price for optimum coverage
Invalidation point is the suggested S/L