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Resources: Consolidating Pairs

Below are pairs that range and recommended to be tested with this bot. There is also an indicator on TradingView called “FX Market Sessions” you can use to see which pairs consolidate best during Asia/London session that may work best with this bot. Please feel free to let us know any others that have been successful for you and we will add it to the list.


Currency Pairs:

AUD/CAD

AUD/USD

AUD/NZD

AUD/CHF

CAD/CHF

CHF/JPY

EUR/CAD

EUR/CHF

EUR/GBP

EUR/USD

GBP/AUD

GBP/CAD

GBP/JPY

GBP/NZD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

More volatile pairs:

US30

SPX500

XAU/USD

We know the EA works best in consolidation markets. Here are some Forex pairs that have historically been known to range or consolidate more often than others:

EUR/CHF: This is one of the most stable Forex pairs, which tends to have very little volatility. It often trades within a narrow range due to the interventions of the Swiss National Bank to maintain a pegged exchange rate.

AUD/NZD: This currency pair is often range-bound due to the close economic ties between Australia and New Zealand. The pair is influenced by the same market drivers, so the price often consolidates.

USD/CAD: This currency pair tends to range due to the close economic ties between the United States and Canada. The pair is influenced by similar market drivers, such as commodity prices, so the price can be range-bound for extended periods.

EUR/GBP: This currency pair is often range-bound due to the economic ties between the European Union and the United Kingdom. The pair can be influenced by the same market drivers, so it often consolidates.

USD/CHF: This currency pair is known for its tendency to range, with the Swiss Franc being seen as a safe haven currency. When the markets are risk-averse, investors tend to move their capital to the Swiss Franc, which can lead to a consolidation of the pair. It's important to remember that these are just historical tendencies, and market conditions can change rapidly.

Consolidation Pairs Watchlist on Trading view:

https://www.tradingview.com/watchlists/110382907/

Resources

Instructor

Ricky Andrade

Ricky Andrade (@riskyricky)

Financial Analyst

Global leader of cutting edge training and coaching to help entrepreneurs rapidly grow their profits.

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