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There's no good answer for that question but a good set of skills a being could obtain.
By giving more focus ,hours spent in it, curiosity and mostly looking for the knowledge that should've been yours when you were seeking what's not there and not yours.
I believe each being has a different understandings from each individual,meaning what works for you might not work for another being because every individual has its own set of skills , different pattern in the mind and that's why we are diverse beings with different set of dreams.
Breaking down the two pairs listed in the article.The pounds is in a war with the dollars.Speaking about war ,not the actual war everybody knows but the currencies are in power and willing to dominate at each minute ,hour ,day and week.
Have you asked yourself why did I suggest to publish an article mostly about the currency?Good questions,I haven't seen any article containing pair currency and i think we all can focus on one things.What makes the market crash ?Could it be the same reason why I avoid some indices and crypto currencies?
GBP is the uprising candlesticks and the USD are the downfall.What's the price for a dollars in Britain?
Then which currency is on the lead ?Figure that out
It is the consist of leaders making their own private decision but leaving footprints for the small investors.
Is it way the named them candlestick?because they bring light to some families?well,only that family knows and especially the investor who took risk in funding a Forex trading account ,right with the knowledge obtain
If you see it everyday,you can still learn from it ,not with words or phrase but the set of movements and the madness that likes to happen.
The two paired currency moves.
The ideal time to day trade the GBP/USD is between 8:00 and 10:00 GMT, plus 12:00 and 15:00 GMT. The most important daily changes are here, and spreads have little impact on profit.
Those clocks are the best advisable to look up into.Economic news rightly attends it's hour with different developers and masters.
Figure 1
From @1.14550 to @1.15630 .Wow ,seems really volatile but in a danger zone.
The first article I went on about GBPUSD and how the pounds will have a lead for the day.
The pounds gained momentum in rough hard way ,the first article I explained about the range and how its not a good timing to invest.Check the screenshot above
Platforms :MT4 ,MT5
Volatility Impact From Federal Reserves.
- Inflation
- England Bank decision
- Member talk
- Economic News
- Employment Data
Federal Reserve – The GBP/USD tends to move when the Fed makes its decision or when its members talk. Bank of England – The pair moves when the BOE makes its decision or when its leaders talk, Inflation – The UK and US inflation numbers move the GBP/USD pair because inflation has an impact on interest rates.
Trading Indicator.
- Pitchfork
- Moving average
- Trendlines
- Rectangles
- Chart patterns
- Horizontal lines(Retrace)
Using both technical and fundamental analysis.
Technical
-investors who invest in the market for a short period of time.
Fundamentals
- Investors who invest in the market for a long period of time.
Both is good.
Fundamental Analysis
Fundamental analysis deals with evaluating the potential/intrinsic value of a company/stock is. If a company is valued below its intrinsic value, it signals a buying opportunity.
Technical Analysis
Technical analysts believe that past price movement patterns can help predict future price movements . The analysis is done by examining the historical price charts of the stock. Technical analysis is based on candlestick patterns, and technical indicators such as moving averages, Fibonacci Retracements, and Fibonacci Extensions.
Figure 2
Have a closer look on the above information.
02 November outcomes from technical analysis
Figure 3
Figure 4
Figure 5
Anticipation.
Until further notice.Thank You
Disclaimer:I'm not a financial advisor and this is just my personal analysis, it is not be construed as any kind of investment advice. Please conduct your own due diligence.
