Top 5 for the day. 1) GBPJPY LONG
Hello traders!
I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
First pair for today is GBP/JPY. It is looking to break out of a rectangular pattern and it could reach the weekly R1 today.
* Description and meaning of all my indicator numbers are given below.
My indicators show the strength consistency of GBP 1.2608 and JPY as 1.4769.
The current avg. volatility of the pair is 139
The current volume % is 75%.
Expected target for today is 196.21
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility.
Expected target is calculated based on the Avg volatility and currency volume %.
I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
First pair for today is GBP/JPY. It is looking to break out of a rectangular pattern and it could reach the weekly R1 today.
* Description and meaning of all my indicator numbers are given below.
My indicators show the strength consistency of GBP 1.2608 and JPY as 1.4769.
The current avg. volatility of the pair is 139
The current volume % is 75%.
Expected target for today is 196.21
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility.
Expected target is calculated based on the Avg volatility and currency volume %.
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