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Which trade to enter when there's more than one opportunity at the same time?

JacoAF (JacoAF)
Dec 14 2017 at 13:49
130 messages
I always find it useful to do a Currency Strength Analysis before I look for trade setups. Basically you compare a base currency, i.e. AUD, against the other currencies and then open the charts where the base currency is strongest, and look for trade setups in favor of the base currency. For example right now the AUD is very strong against the NZD and GBP.

Here's a link that will help you quickly find String vs Weak currency pairs:

https://www.oanda.com/forex-trading/analysis/currency-heatmap

Good luck!

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
RobSchiz
Apr 15 at 08:43
142 messages
JacoAF posted:
I always find it useful to do a Currency Strength Analysis before I look for trade setups. Basically you compare a base currency, i.e. AUD, against the other currencies and then open the charts where the base currency is strongest, and look for trade setups in favor of the base currency. For example right now the AUD is very strong against the NZD and GBP.

Here's a link that will help you quickly find String vs Weak currency pairs:

https://www.oanda.com/forex-trading/analysis/currency-heatmap

Good luck!

Thank you for your help.

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