Technology + Proprietary Insights has helped to develop automated tools and strategies that are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from our Tactical Trading Guide (Price Action Tool) which is also available as a live tool via the telegram group. The tool provides automated price analysis of 8 FX Pairs across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action.
The tool helps to determine and shed light on the some of the following:
Whether the reward-to-risk is attractive for a buy/long position?
Whether a pair is weak or if aggressive buying is underway
Whether a trader can look to buy a pullback into a key moving average (continuation trade)
Whether a pair needs to break a range for a new trend to be determined (bullish or bearish)
Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal
Whether a pair could start a consolidation phase
Whether the upward momentum is slowing (if it's in a bullish phase)
Whether buyers can look to 'phase in' to a position (if it's in a bearish phase)
Whether a pair lacks directional bias
Data/Readings as of Thursday, 11-April-2024 @ 11h04
Comments