Weekly Trades: EUR/USD, GBP/USD and EUR/GBP
|Last week's EUR/GBP trade instruction was long 0.8482 and 0.8465 to target 0.8603. EUR/GBP dropped from 0.8540's to 0.8468. Entry 0.8468 traded to 0.8542 for +74 Pips.
Trader option existed to short anywhere from the week's highs at 0.8540's to target 0.8468 then reverse long. A short resulted in 72 pips amd long for 74 pips, a grand total of 146 pips.
EUR/USD last week trade instruction was short 1.1176 and 1.1202. EUR/USD traded to 1.1237 for 35 bonus points. Target 1.1106 traded to 1.1124. From 1.1202 trade instruction result was +78 pips or +113 from 1.1237.
Never offered is a chart, graph nor stops as none are required. A trade begins at entry and ends at target. Trades are based on pure statistics but statistics used correctly and a giant distinction from other traders and forecasters.
My result is entries and targets are perfect to near perfect. This includes daily, weekly and long term trades. Long term trade targets are defined as months.
A market price in any currency or financial instrument is never correct therefore a chart or indicator based on an incorrect market price is always wrong. We trade numbers and correct numbers therefore a picture is never required. Most vital is to maximize for profit every pip and every exchange rate number traded.
For example, EUR/JPY and GBP/JPY to start the week are located in opposite locations. NZD/CHF and AUD/CHF are located in opposite locations. GBP/CAD and GBP/CHF are located in opposite locations. EUR/AUD and GBP/AUD are located in opposite locations. A chart or graph fails to capture this phenomenon therefore forecasts may predict incorrectly.
GBP/CAD, GBP/CHF and GBP/JPY located in opposite locations directly affects GBP/USD prices.
Why Market Price is wrong is because platforms reveal to traders incorrect prices.
Exchange Rates Predict Exchange Rates
Current research is deeply focused on elimination of Statistics as exchange rates predict exchange rate entries and targets more accurately than my current set of Statistics. EUR/USD and EUR cross pairs for example contain roads that lead directly to forecasts for its most vital pair, EUR/GBP.
Yet EUR/USD and its cross pairs are extremely complicated and must re arrange as reciprocals for accurate forecasts. USD/CAD, CAD/JPY and CAD/CHF work as perfect triangulation trades. GBP/USD and cross pairs in early research appears perfectly straight forward.
Exchange rates predict exchange rates outside of the anchor currency pair and its cross pairs. For example, GBP/USD 1.3046 from USD/CAD.
Offered this week is EUR/USD, GBP/USD and EUR/GBP as the interest is EUR/GBP as forecast from EUR/USD.
EUR/USD
Short 1.1168 and 1.1188 to target 1.1131. Must cross 1.1148.
Short below 1.1128 to target 1.1048. Must cross 1.1108, 1.1088 and 1.1068.
Long 1.1048 to target 1.1108. Must cross 1.1068 and 1.1088.
Higher for EUR/USD must break weeky falling lines at 1.1276 and 1.1289.
GBP/USD
Short 1.3150 and 1.3177 to target 1.2960. Must cross 1.3123, 1.3096, 1.3069, 1.3042, 1.3015 and 1.2988, 1.2977.
Deep caution at 1.2977 and 1.2944.
Short below 1.2933 to target 1.2825. Must cross 1.2906, 1.2879 and 1.2852.
EUR/GBP
Long 0.8472 and 0.8455 to target 0.8591. Must cross 0.8489.
Long above 0.8608 to target 0.8644. Must cross 0.8625.
Falling weekly lines above are located at 0.8699 and 0.8714.
Most vital range for EUR/GBP between vital break points are located at 0.8699 to 0.8368 or 331 pips.
EUR/GBP best strategy is short only as the overall curve points lower.
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