Forex Diary for the week ending 17th Dec 2021
- fxcorrelator
- Dec 18, 2021
- 1 min read
My fix start indicator on chart is available here for £15 donation to charity
average week for volatility .....
BULLS
good week for quite a few currencies....
Red GBP ....massive push to +100 pips by Thursday
Green USD was useful at +70 by Wednesday
Orange AUD did ok as well getting to +70 Thursday
BEARS
Brown CAD Dominated the selling to -140s by Wednesday.....then came South again Friday
Trades of the week ?
Sell Sell Sell CAD in pairs to wednesday - 1 way street
the Fading USD and JPY currencies offered some great trades into Thursday
Friday saw the return of the Bear CAD for trades
Strengthmeters give me a tremendous insight into the FX market, but very few Forex Traders use them in their Trading..... a real shame as you need every edge possible to make consistent money !
The many Free indicators I offer at my website (FXCorrelator.com) are the tip of the Iceberg in what I now use to make money....but they are a great introduction to relative strength trading !
N
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