Absolute Top

Trending currencies

In this weeks trend trading video we look at four trending currencies.

  • AUDUSD
  • EURUSD
  • GBPUSD
  • USDJPY

While some are approaching reversal zones, if price continues in the direction of the trends, we will look to further add to our current positions when it is appropriate.

Price is our primary indicator so if price starts to change direction from the reversal zones, we will take the appropriate action but will not open new trades in the direction of the new trend until support or resistance levels are broken. As trend traders we do not attempt to pick tops or bottoms, instead we wait patiently for high probability set ups and so enter and also exit later.

Good trend trading…

Javid Shaik

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