Hey everyone!
Just a quick question for all you traders from my side of the pond (Australia). What currency pairs do you like to watch throughout the day. Currently i watch far too many markets and have several general profiles setup in MT4. Which currency pairs see the most movement or activity through the Asian session?
Any tips would be appreciated !
Hi mate,
I’ve been in demo account mode for awhile now, but the currencies that I’ve watched lately and had some success with are the AUS/USD ( watch and compare the M1 and M15 charts, there is a noticeable downward trend )
The AUD / JPY is also another good one to watch, as is the USD/ JPY.
What type of trading are you doing?? Day trading, swing trading, scalping etc . ??
Hey hey!
I utilize price action mainly. I suppose you could say I do a little swing trading. But at present Im working on identifying longer term trends/trades/set ups.
Nice!!
I’m looking at the EUR / USD on the D1 chart and looks like there’s a downward trend happening. But if you look on the M15 chart there’s a smaller upward trend happening within the overall downward trend. If that makes sense hehe.
There’s also some holidays this week. The US has Thanksgiving later this week and Japan has Labor Thanksgiving Day. I’m not sure if Japan has a public holiday for this, but either way, it could mean the trading volume is a bit lower today. The US definitely has a public holiday for Thanksgiving so trade volume on the US will be lower towards the end of the week. It’s Thursday their time, so Friday our time might be a bit of a slower day for the USD, but the Asia market will be active still. Just not the USD crossovers
If you’ve got b*lls long euro/usd some are saying over sold, big rebound 2016 q1