Utilization of “Visualization Indicators” (Part 17)

Usage of the "Visualization Indicator" (Part17)

11month4day, Thursday, currencies involving the pound moved suddenly.21:00There was an impact due to the BOEpolicy rate announcement.

As the pound weakened as a currency,EURGBProse,GBPJPY,GBPUSD,GBPCHFfell. Among them, the most affected wasGBPJPY.

After the sharp drop following the data release,GBPJPYshort positions could be taken, and subsequently3hours later, about140PIPSof profit was obtained.

“8CP Visualization IndicatorLondon edition, let’s look at the chart from that time.

The figure below shows the “8CP Visualization Indicator” displayed on a15-minute chart. The upper half is theGBPJPY chart, and the lower half is the graph drawn with the “8CP Visualization Indicator.” The orange thick line graph corresponds toGBPJPY.

By using the “Visualization Indicator,”8 currency pairs can be scanned at a glance to see which pair was most affected.

Among the 8 currency pairs, select the most standout pair and enter in the direction of its breakout (sell if it’s moving down, buy if up).

As a result, you can make the most capital-efficient entry.

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