Every weekend I perform a careful analysis of the FX market and basic commodities . I analyze the FX market not by FX pairs but by individual currencies.
I examine each currency from different perspectives, different methods (TA, FA, OI, distance from F.V., etc ...). The result of the semi-automatic analysis is the determination of strong and weak currencies for the next week to 14 days.
Potentional STRONG currencies for next week: USD, JPY, CAD
Potentional WEAK currencies: CHF, NZD, EUR
Subsequently, I analyze the pairs composed of the above currencies whether it appears technically a possible trade and in which area ( USDCHF Long, EURJPY short, etc ...)
On Monday, I am waiting for the end of the first hour of the London trading session and I will enter or prepare an order's limit on the best selected FX pairs.
EURGP I will trade short, preferably in the range 0.8930-0.8950 (he got on the H4 or H1 chart). The goal is 0.8870, stoploss 0.8990
From commodities I will trade Copper on the SHORT side
I examine each currency from different perspectives, different methods (TA, FA, OI, distance from F.V., etc ...). The result of the semi-automatic analysis is the determination of strong and weak currencies for the next week to 14 days.
Potentional STRONG currencies for next week: USD, JPY, CAD
Potentional WEAK currencies: CHF, NZD, EUR
Subsequently, I analyze the pairs composed of the above currencies whether it appears technically a possible trade and in which area ( USDCHF Long, EURJPY short, etc ...)
On Monday, I am waiting for the end of the first hour of the London trading session and I will enter or prepare an order's limit on the best selected FX pairs.
EURGP I will trade short, preferably in the range 0.8930-0.8950 (he got on the H4 or H1 chart). The goal is 0.8870, stoploss 0.8990
From commodities I will trade Copper on the SHORT side