For those that don’t already know, I really am a real life doctor working in the NHS.
And in this profession where we are expected to know so much, what is actually more important than knowing everything is knowing where to find the information you need.
This is something that can also be applied to trading. For example, take a look here at this inverse pair.
We can get a very clear analysis of the relationship between the two, that we can then apply to the major pair set up.
At the moment we are at the beginning of a bull run for the yen currency. I am also expecting weakness in CHF in the coming couple of weeks, much as I am in gold– Another safe haven currency-as we see tapering efforts in the US strengthen the dollar.
Using this to our advantage we can see that our recent major Channel rejection is actually the start of a daily inverse head and shoulders pattern, that we can take advantage of as a true head and shoulders pattern in the main pair.
I will post that trade analysis shortly. The message I want you to take away here, is that all the information you need is available here for free on trading view - but you need to know where to look, and how to use it.
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Great post!