This is the 5-min chart of EUR/USD, netting over 140 ticks after the BIG Break and following up with a BIG Swing!
This is the 5-min chart of GBP/USD, netting over 85 ticks after the BIG Break and following up with a BIG Swing. However, the swing was much weaker than the EUR/USD.
The reason for this – the hourly chart of the EUR/GBP. EUR clearly exhibits strength relative to the GBP, helping us decide which BIG Swing to catch.
ALL YOU NEED TO KNOW ABOUT TRADING!
Hi, Spencer here! 😀
After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.
As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
Leave a Reply
Want to join the discussion?Feel free to contribute!