WEEKEND TRADING USING CURRENCY STRENGTH TREND
Unlike most Currency Pairs, which are confusing, when we know the Currency Trend for a Currency, we can often “fade” the Trend on the Weekend. The Weekend is often a “reversal” for a Currency Trend. Just as a single example, consider USD which rose sharply into the Friday Close, and the results of SELLING THE USD CURRENCY for profitability, prior to the close, for profit-taking once the market has re-opened for nearly 24 hours:
SELLING A “BASKET” as follows: Currency: USD cluster consists of pairs: AUD/USD EUR/USD GBP/USD NZD/USD USD/CAD USD/CHF USD/JPY
SELL USD in a “Cluster Basket Trade” on Friday Close.
NOTE: Selling the Currency USD, as it appears in its 7 major Pairs, results in the following trades, and their current profit:
BUY AUD/USD for +40 pips
BUY EUR/USD for +68 pips
BUY GBP/USD for +80 pips
BUY NZD/USD for +40 pips
SELL USD/CAD for +20 pips
SELL USD/CHF for +55 pips
SELL USD/JPY for +10 pips
And so this is a clear demonstration of the effectiveness of Currency Trend information in Forex trading. The image is from a private Whatsapp chat group.
hyperscalper
