*As at 22.00 Hrs BST on Sunday 29h October 2017
HOW TO USE:
Try cross-referencing the above 6 currencies: i.e take the strongest and the weakest and open the corresponding chart. So for example, if USD is the strongest (S1) and JPY is the Weakest (W1), open the USD/JPY chart on the daily timeframe and see if price action agrees.
You don’t have to stick to the No1 crosses either: There are 9 potential currency crosses here, so maybe pair the 2nd strongest (S2) with the 3rd weakest (W3) and see what the chart throws up.
THIS WEEK’S CHOICES, CHARTS, OPINIONS, CAVEATS & MORE…
I love it when a plan comes together !
NZD / USD Short
A little profit taking in action, but I for one am watching the 0.6850 Support level like a hawk as there’s plenty more downside potential should it breakdown.
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