A simple way to chose your setup every year
Price after fundamentals essentially goes up and down and focusing on the price opening of the year, one can then choose to focus if all setup to choose is long or short. A quick way to reduce your trades and focus solely on 1 thing is to see if current price is above or below the year's opening price.
Here for example, price moves away from this years open to the long direction, hence focus more on taking long orders in lower time frame.
Of course price moves a lot in the short term and this is not 100% guaranteed, but it simply is a way to filter out choices and focus more.
As this one provides pro for the usd this year, it is safe to go for long against chinese yuan this year than being a yuan bull.
Find long setups, be it ma, fibs, breakouts, support and resistance.
This year vs yuan, usd is stronger.
Here for example, price moves away from this years open to the long direction, hence focus more on taking long orders in lower time frame.
Of course price moves a lot in the short term and this is not 100% guaranteed, but it simply is a way to filter out choices and focus more.
As this one provides pro for the usd this year, it is safe to go for long against chinese yuan this year than being a yuan bull.
Find long setups, be it ma, fibs, breakouts, support and resistance.
This year vs yuan, usd is stronger.