In this article we will show traders an example trade entry for selling the GBP/CHF and buying the EUR/GBP. The live signal system you see below is called The Forex Heatmap®. As you can see the live heatmap signal system is indicating clear GBP weakness on all 7 pairs.
Due to the EUR and CHF being neutral on this trading day, the GBP weakness alone pushed the GBP/CHF down and the EUR/GBP up. Traders were notified of the movement starting with our mobile app, desktop scanner tool and audible/email price alert systems.
The GBP/CHF dropped and had an intraday movement cycle of about 150 pips. The EUR/GBP moved up about 110 pips intraday. You can easily see the intraday movement of 150 pips on the GBP/CHF below on the M15 time frame using our simple forex trend indicators.
To put both trades into perspective here is a chart of the GBP/CHF on the D1 time frame. Since the GBP/CHF is near the beginning of the new D1 downtrend cycle, it still has an additional 400-500 pips of potential, over and above today’s intraday movement cycle of 150 pips. Similarly, the EUR/GBP is starting a new uptrend in the D1 time frame, and this pair also has additional upside of 400-500 more pips on the same new D1 trend cycle.
Not only can pips be made on an intraday basis with these simple indicators, but by entering a trade at the beginning of the D1 time frme trend cycle, additional upside is possible, along with a very strong risk to reward profile. Consistent GBP weakness in real time provides the entry point. Multiple time frame analysis allows the trader flexibility on exiting the trade and provides all the information needed to make the decision to stay in the trade. If you would like to trade this way, using the larger trends and currency strength, check out our complete trading system at Forexearlywarning.com. This trading system works the same way for 8 currencies and 28 pairs.