EURUSD vs. Effective Federal Funds Rate (Murrey Math levels)
Tsla is clearly weaker than the Spy and is ready to break down of this range. Lots of liquidity built up below so we should see a huge move down soon
Hi fellow traders! I've been looking forward to posting an updated version of a currency strength chart I posted a while back. I use it to determine what to trade and in which direction. These charts are an attempt to visualise the gain/loss in strength over time, of each currency, compared to 7 others. I have set this up to display 4 timeframes. 15, 60, 240...
Well I put the description on the chart, trade it at your own risk, and use this as a way to more or less formulate your trade idea that would fit your own guidelines for a trade. =D Since this is an exotic pair it isn't necessarily for new traders, since many factors make "exotic currency" trades different, when it comes to averaging position sizing to adjust to...