CrystalFX Market Analysis

EURGBP clearly was ready from the beginning of this week for SELL considering MOMENTUM MATRIX. GBPJPY was another good one was able to pick a trade later during the week. USDJPY interestingly sweet this week.

I will like to start this forex blog with this trading strategy and will be trading 2020 using this approach. Its a trend following approach to the market. I call it MOMENTUM MATRIX. I use the MT4 14 period momentum indi and apply two SMAs to the first indicator parameter. 14 Period SMAs and the second SMA must have shift 14 and your chart should look as below. Also added is 100 period TMASlope which will be the trend direction. In an up trend as seen above, I wait on counter trend where the shifted SMA is above the yellow SMA and the DYNAMIC indicator is bullish too. Bullish condition as seen in the Daily timeframe entries with H4 using dynamic indicator crossing up from below as seen in the H4 image. This could make 30 to 40 pips on a good setup.