I compare the following 7 crosses
EURGBP AUDCAD EURAUD EURCAD USDJPY USDCHF CHFJPY
looking into the big time frames M/W/D
with special attention to the previous trading day candle
The purpose is to determine the strength order for high-risk CURRENCIES (EUR,GBP,AUD,CAD) and safe haven ones (USD,JPY,CHF)
This helps me to sort out pairs and focus on the high probability ones
I only trade majors and JPY pairs except for NZD pairs and GBPJPY
• This week I am in a risk-off mode so I will bearish for risky assets as long as the market conditions maintain (technical, sentiment, fundamental, quantitative)
• from screening the 7 crosses as mentioned the order for risky currencies from high to low is: CAD > EUR > AUD > GBP
• for safe ones the order is: CHF > USD > JPY
So, my focus in order will be:
GBPUSD - AUDUSD - AUDJPY - EURUSD - EURJPY - USDCAD - CADJPY
EURGBP AUDCAD EURAUD EURCAD USDJPY USDCHF CHFJPY
looking into the big time frames M/W/D
with special attention to the previous trading day candle
The purpose is to determine the strength order for high-risk CURRENCIES (EUR,GBP,AUD,CAD) and safe haven ones (USD,JPY,CHF)
This helps me to sort out pairs and focus on the high probability ones
I only trade majors and JPY pairs except for NZD pairs and GBPJPY
• This week I am in a risk-off mode so I will bearish for risky assets as long as the market conditions maintain (technical, sentiment, fundamental, quantitative)
• from screening the 7 crosses as mentioned the order for risky currencies from high to low is: CAD > EUR > AUD > GBP
• for safe ones the order is: CHF > USD > JPY
So, my focus in order will be:
GBPUSD - AUDUSD - AUDJPY - EURUSD - EURJPY - USDCAD - CADJPY
