Forex Weekly Trade planning sessionPlan your trades and trade your plans. Today we have the following rankings on the indexes:
@DXY ++VE
@EXY -VE
@AXY --VE
@SXY ++VE
@JXY --VE
@BXY --VE
@CXY --VE
@ZXY --VE
Based on the above rankings, we came up with the following pairings.
BUY PAIRS: USDJPY, USDCAD, CHFJPY,
SELL PAIRS: AUDUSD,GBPUSD,NZDUSD,GBPCHF,AUDCHF
The idea is to trade in the direction of the wave structure as long as the structure is not disturbed or violated, your high probability trade is to trade in the direction of the trend after a secondary trend (Pullback).
Important trend change facts you must know:
A trend will not change easily, it takes a great deal of time and effort for a trend to change.
The time required for a trend to change is very relevant to how long the ongoing trend has been in play.
The duration of a trend change will be greater than half of the period of the changing trend. Sometimes it is equal to the time the trend has been ongoing.
