Currency Analysis Report 1/30/21 - Despite The News, The GBP/USD Is Going To Move Higher

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    rollandthomas

    Published on Jan 30, 2021
    About :

    In 2020, witness 20% of all US dollars ever printed occurred in 2020 as a means to help jump start the economy. The US Feds had no choice, it was either inject trillions of dollars of stimulus or it was going to be The Great Depression. Now the financial outlets want to talk how the US dollar went down to high and that's why it has been moving higher over the last couple of weeks. That's not the case, the US dollar hit a monthly demand zone.

    Meanwhile, in England the Prime Minister, Boris Johnson is shutting down everything in sight, which is going to be a huge blow to their economy.

    Despite the news, the GBP/USD will move higher...use the news to buy on pull back.

    https://www.reuters.com/article/us-global-forex-idUSKBN29X091

    https://uk.finance.yahoo.com/news/pound-dollar-euro-28-january-england-lockdown-boris-johnson-090902889.html

    MY TRADING METHODOLOGY IN A NUTSHELL BELOW

    I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

    I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

    Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
    Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
    Daily Charts (entry time frame) – which represents being on the football field with the player.
    4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

    Tags :

    leofinance gbpusd forex neoxian usdollar

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