Corrective Divergence - EURGBP.avi

http://www.megatrade101.com - the Art of FX Trading

This is a sequel of our March 02 video presentation on the EUR/GBP confirmation & now making a corrective move from a selling divergence. The technical divergences on the majors held true to its outlook in our Market view report dated the 15th and 17th on our website. Although, it is just logical to see that the GBP/USD as the lead currency would benefit more on the correction since it has been battered down the most as compared with the EUR/USD and the cross rate had been used to manage the risk aversion between both pairs. In our case it has been our primary trade strategy with the most potential market opportunity other than the Euro and Pouind as individual currency pairs.

This also led the EUR/GBP to move back to where it has to fill in its previous gap as it is working at the 0.8915-50 low for the week. It has been anticipated based on our marketview report dated the 15th of March during the Asian opening sessions. As long as there would be no significant economic changes for now ; the USD lower to move back lower on a gradual pace making some up swings will be the theme for the rest ofthe week and eventualy towards the end of the closing month and quarter ending.

Pls. visit our website at: http://www.megatrade101.com and our blog for a short summary of the week's movement ahead every opening Asian trading sessions. At http://megatrade101.blogspot.com
Best of luck in your trades!

Category:

Education

Tags:

• foreign exchange market
• trading the foreign currencies
• hedgin strategies
• spread and straddle
• arbitrary hedging
• strategic trading
• trend following strategy