Forex edge

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Forex edgeAustralian Dollar/US DollarFX:AUDUSDascensionTip: Here is an edge in Forex. Instead of only looking at a pair (ex: AUDUSD) (the exchange rate between two currencies), go to the source: Look at the value of each currency behind that pair and trade one currency gaining value against one losing value = Trend. đŸ˜‰ To do this: Add this indicator to your chart: ‘Currencies’ In the last 2 panels: We see the value of the AUD and the value of the USD. We trade the blue against the red. Uptrend: Base currency gaining value (blue) + Quote currency losing value (red). Downtrend: Base currency losing value (red) + Quote currency gaining value (blue). As seen here: AUD up + USD down = Uptrend AUD down + USD up = Downtrend Pullback, flat or chaotic: Both currencies gaining value OR Both currencies losing value. As seen here: AUD up + USD up = Pullback AUD down - USD down = Pullback -- Plus: Trade the strongest currency against the weakest currency = Best performance. In the top panel: AUD (orange line) is one of the strongest. Against USD (red line) is one of the weakest. AUDUSD = High performance (Strong trend). -- Type ‘Currencies’ in the comments to try out this 'Invite-only script' or visit our website to watch the video.