How To Choose The Best Bucket?
Firstly, looking for the general trend (maybe indices) of the major currencies will show strength of the majors. Then looking crosses to get the best possible currency pair which includes at least one major.
I'll consider major currency pairs & trade them as a bucket of currency pairs which includes that major currency.
- USD Bucket
- GBP Bucket
- EUR Bucket
After that i will analyze at the weekend for the trading week, the strength of these buckets and take the possibly best one to trade.
Criterias will be;
- Size of the potential up/down move,
- More clear trend which runs to liquidity and SMT analysis,
- Analysis of the other currency crosses to get best one in the bucket.
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