This blog is dedicated to educating forex traders about parallel and inverse analysis, which can be used by forex traders two ways; to analyze the current market conditions across 28 pairs, and to safely enter forex trades. We use parallel and inverse analysis every day at Forexearlywarning.com when we analyze the spot forex and also when making trade entry decisions using the The Forex Heatmap®. Big data for forex traders is here.
Wednesday, June 29, 2016
GBP/JPY Buy Signal 6-29-2016
Today in currency trading the GBP/JPY had a buy signal on The Forex Heatmap®. This pair made a strong movement to the upside, however the pair is still in a long term downtrend. Today's up cycle was a retracement against the major downtrend, so we would manage money and profits and scale out lots on any short term buy trades. The live buy signal for the GBP/JPY is shown below along with a price chart of today's movement. This trading system is available for 28 pairs from Forexearlywarning.com.
