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Import Collapse Turns Into a Boon for Philippines Currency

How To Instantly Improve Your Profit During The European Session| KOL Analysis•Jay Tun

WikiFX

| 2020-07-10

Abstract：Imagine with me. You are the boss of an ice cream shop. You decide on the amount of stock to keep and prepare in advance. You will definitely stock up and prepare more in summer where the hottest period of the year is. Trading during the European session is like selling ice cream in summer. There is an enormous amount of trading activity and breakouts are more commonly seen.

Imagine with me. You are the boss of an ice cream shop. You decide on the amount of stock to keep and prepare in advance. You will definitely stock up and prepare more in summer where the hottest period of the year is.

Trading during the European session is like selling ice cream in summer. There is an enormous amount of trading activity and breakouts are more commonly seen.

#1 European Session Trading Hours

Europe wakes up as Asia winds down at 7am GMT. We will look at the opening and closing time of London as it is the biggest financial centre in Europe.

Source: forexearlywarning.com

#2 Reasons

Reason 1: Being the most active Forex market in the world, you will expect high liquidity and low spreads, saving you time and money.

Reason 2: Volatility is higher which presents more trading opportunities such as breakouts. This means that you dont have to wait for long before you pocket a profit.

Reason 3: About 30% of all Forex transactions take place here.

#3 Characteristics

Londons session overlaps with 2 other major trading sessions - the Asian session prior to the open, and New York session towards the end. As such, this session is usually the most volatile.

Volatility will tone down in the middle of the session as traders head off for lunch before waiting for the New York session to begin.

Before the New York session, there is a tendency for reversals to occur, especially if the currency pair has made a substantial move.

#4 Average Pip Movement

The table below shows the average pip movement for the London session.

PAIR	LONDON
EUR/USD	83
GBP/USD	82
USD/JPY	36
AUD/USD	60
NZD/USD	64
USD/CAD	66
USD/CHF	58
EUR/JPY	80
GBP/JPY	102
AUD/JPY	86
EUR/GBP	40

Please note that this table is not all-inclusive and the range may differ from time to time depending on various conditions such as news and specific economic trading activity.

#5 Which Pairs Should You Trade？

You guessed it! You should focus on the pairs with a larger range and trade those. This would allow you to achieve a decent amount of pips if you are day trading.

Conclusion

With the right understanding and expectations, this session can be extra rewarding.

As trend following and breakout strategies work great in this session, this session favors those who can read price action.

For those who are able to only trade when the USAs markets are open, look out for the next article as we shift our focus to New York.

【About The Author】

An independent trader who seeks to educate through his own trading experiences, Jay began his own trading journey at the age of 22.

He is a self-taught trader who has read more than 200 books on trading and investment since college and created his trading methodologies modelling after several successful veteran traders.Jay has since amassed 10 years of experience trading different market conditions with consistency. Of the many disciplines in trading, he specializes in trading options, swing trades on equities, currencies,futures and contract-for-difference (CFDs).

WikiFX

App is a third-party inquiry platform for company profiles.WikiFX has

collected 17001 forex brokers and 30 regulators and recovered over

300,000,000.00 USD of the victims.

It, possessed by Wiki Co., LIMITED that was established in Hong

Kong Special Administrative Region of China, mainly provides basic

information inquiry, regulatory license inquiry, credit evaluation for

the listed brokers, platform identification and other services. At the

same time, Wiki has set up affiliated branches or offices in Hong Kong,

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them an opportunity to fully appreciate and enjoy the convenience

Chinese Internet technology brings. WikiFXs social media account as

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Facebook:

USA Area：https://www.facebook.com/WikiFX.US/

UK Area：https://www.facebook.com/Wikifx.UK/

Nigeria Area：https://www.facebook.com/WikiFX.ng

Twitter：

Areas where English is an official language：https://twitter.com/WikiFX_Eng

More details about how to download WikiFX App:

Please download WikiFX APP from links below or scan QR code ：

App Store: https://apps.apple.com/us/app/fxeye/id1402501387？l=zh&ls=1

Google Play: https://play.google.com/store/apps/details？id=com.foreigncurrency.internationalfxeye

If you have any questions, please feel free to contact us at wikifx@wikifx.com

Worried about missing out latest trends in the volatile market？ WikiFX ‘News Flash’ is here to help!

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Wiki Forum Forum Function:

In order to help more investors, WikiFX has launched the WikiFX

Forum forum, which aims to provide urgently needed and professional

services to Nigerian forex investors.

The exposure function of “WikiFX Forum” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

As long as there is sufficient evidence, a review panel and an

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expose it directly through the media. Here are the exposure channels:

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Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html

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Import Collapse Turns Into a Boon for Philippines Currency

WikiFX| Daily F.X. Analysis, August 28 |Arslan Ali Butt-KOL

Original 2020-08-28

EurAud – A Possible Third Retest of the Support Zone|KOL Analysis• Jasper Njuguna

The last three months has been a state of dull to especially swing traders who were riding the bearish trend as there now caught up in a range zone for the stated trading duration period. Earlier in the year, we saw a significant strong bullish move that started right about 1.61034 price handle and as per now it is still holding fort as a credible support level with four retest to the upside. It may not lost on market participants that that level still holds some very worthwhile long limit orders or buys orders from large players and position traders.

Original 2020-08-28

GBP/USD Remains An Attractive Buy!|KOL Analysis•Olimpiu Tuns

GBP/USD edges higher and it’s almost to hit 1.3285 yesterday’s high as the greenback is punished by USDX’s sell-off. The pair has confirmed again that the bullish bias remains intact on the Daily chart. Another higher high, a bullish closure above 1.3285 brings in new long opportunities. USD takes a hit from the US Dollar Index which failed once again to take out a dynamic resistance. USDX is traded at 92.61, right above 92.55 critical support. A valid breakdown validates a deeper drop and EUR/USD bullish run.

Original 2020-08-28

USD/CAD - Could A Short Term Reversal Be on the works?|KOL Analysis• Jasper Njuguna

Even though my sentiment for this pair is still bearish, as one looks at a text book perfect descending channel and where the upper trend line really being respected as strong support line having being tested four times. Nevertheless, it seems currently as we near close of monthly trading session, either sellers may be giving up ground, facing some bearish trend exhaustion or purely taking out some of the profits if at all not taking out their positions.

Original 2020-08-27