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. First pair for today is GBP/AUD.
* Description and meaning of all my indicator numbers are given below.
Along with my indicators suggesting a strength in AUD and weakness in GBP, The pounds seems to have embarked on a retracement drive against most pairs. We also have a ABCD pattern to the downside which coincides with our targets.
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency. Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair. Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility. Expected target is calculated based on the Avg volatility and currency volume %. Switching point is the suggested entry price for optimum coverage Invalidation point is the suggested S/L