Join our Telegram channel (8000+ subscribers) for daily market analysis & trading tips: t.me/synapsetrading
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.