How To
USE
Our Currency Index Charts To Trade Forex
Risk DISCLAIMER:
This site and its content are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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HINT:
for there to be any foreign exchange of currencies in the forex market, there must be a (selling currency) who is willing to SELL at a given price and a (buying currency) who is also willing to BUY that given sold currency at its given price at a (specificied) given time
THEREFORE,
before trading any currency-pair exchange, make sure to:
1st,
look for any currency(, eg:
) with a
SELL pattern
from any of the currency-
-chart
Currency index SELL Pattern
NOTE: The Pattern can be any SELL PATTERN like: 3rd touched trendline, head & shoulder, break and retest, triple top/bottom, double top/bottom, POI, breakout, flag, as well as price At support/resistance, psychological levels, demand & supply zones, and so on...
HINT : the
RED vertical line =
clicking the (vertical line tool icon
+
lock tool icon
)
= vertical RED line locked onto & seen on all charts across all timeframes, indexes & pair, for a quick & accurate timing chart analysis
2nd,
look for any currency(, eg:
) with a
BUY pattern
from any of the currency-
-chart
Currency index BUY Pattern
NOTE: The Pattern can be any BUY PATTERN like: 3rd touched trendline, head & shoulder, break and retest, triple top/bottom, double top/bottom, POI, breakout, flag as well as price At support/resistance, psychological levels, demand & supply zones, and so on...
3rd,
confirm if both the (SELL pattern)
and the (BUY pattern) of both currency
(, eg:
&
) have their
reversal candlestick formed at the same given DATETIME(, eg: '2024-07-01 00:00:00')
Currency index BUY/SELL/Pair Pattern (AT SAME) Datetime
NOTE : All SELL/BUY currency index & currency pair Pattern REVERSAL Candles - must formed or happen at the SAME Datetime
4th, confirm if both (BUY & SELL setups or patterns) of both currency
(, eg:
&
) are having a completely formed or
closed reversal candlestick formation on both currencies-index-chart at the
same given DATETIME(, eg: '2024-07-01 00:00:00')
Currency index BUY/SELL/Pair Pattern Reversal Candle
NOTE: The Closed Entry Candle can be any REVERSAL Candle like: Engulfing , Doji, Hammer, Hanging Man, Morning/Evening Star, Harami, piercing & so on...
5th, finally confirm any (
REVERSAL pattern) & a complete
reversal candlestick formation on the currency pair(, eg: CHFJPY) -
-
-
of the paired-currency-indexes(CHF & JPY)
Currency Pair Pattern Confirmation TO both BUY & SELL Currency index
NOTE: The Pattern can be any SELL/BUY PATTERN like: 3rd touched trendline, head & shoulder, break and retest, triple top/bottom, double top/bottom, POI, breakout, flag, as well as price At support/resistance, psychological levels, demand & supply zones, and so on...
6th,
Based the 1st to 5th currency index & pair setups/patterns confirmations, if all the setups & confluences suites your taste, Choice & edge as a trader,
you can now Make a currency pair(, eg: CHFJPY) SELL or BUY Trade Decision on your MT4 or any Forex Broker Platform to realise any potential profits/returns.
Chart PATTERN - examples : 3rd touched trendline, head & shoulder, break and retest, triple top/bottom, double top/bottom, POI, breakout, flag, as well as price At support/resistance, psychological levels, demand & supply zones, and so on...
SELL PATTERN - examples
NOTE: You May apply on our Charts, any other chart Patterns that works for or interests you.
BUY PATTERN - examples
NOTE: You May apply on our Charts, any other chart Patterns that works for or interests you.
NOTE: You May apply on our Charts, any other chart Patterns that works for or interests you.
OR,
for any currency index BUY or SELL pattern - look throughout all the currency pairs of that given currency index - for any pattern confirmation - to call for a potential trade entry
OR,
for any currency pair BUY or SELL pattern - look through both currency indexes of that given currency pair - to confirm if both has a reversal pattern confirmation in support of their currency pair pattern - to call for a potential trade entry
OR, aside the Above breakdown of the Best USE case of our System,
YOU CAN DEVELOP & USE YOUR OWN STRATEGY
with Our Currency Index Chart Systems.
OR, can USE it for Lower Timeframe Entries for Higher Timeframe Top-Down-Analysis.
OR,
to record higher probable trade entries & wins, in most cases - make sure the pattern formation & its entries are mostly not mostly against the higher timeframe trends.
Hint/Motivation :
IF, most traders are profitable ONLY out of analysing the DOLLAR/USD-index(DXY) in order to trade currency pairs ,
THEN, How much more profitable will traders be, IF they have access to & to analyse all the CURRENCY-indexes in order to trade them as currency pairs based on the strength & the weakness of one currency-index against the other ? : )
Caution/Advice : AVOID, jumping into any CURRENCY PAIR Trade, WITHOUT completely analysing both CURRENCY INDEXES of that given currency PAIR - to MAKE SURE one of the Currency INDEX havs a SELL Pattern/Setup & the other Currency INDEX has a BUY Pattern/Setup - to RENDER an Equilibrium/Agreed/Momentus Market Exchange - to ENHANCE less trade loss & ENCOURAGE more profitable trades.
UPCOMING soon... ,--- Our Currency Strength Zone Programming TEAM is working hard to bring to you a
FREE Ai Alert SYSTEM
, that would scan the forex market to continously provide Traders with
24/7 real-time BUY & SELL Pattern Alerts
for all the currency pairs & indexes on all timeframes, together with
Crypto Strength Meter Charts, plus More periodic Updates on new Chart Tools & features -
STAY TUNED