Hi traders. Maybe if you follow me or watch my trading ideas you will know that my Fx trading is based in Forex Indexes. What I mean is that if I trade for example the USDJPY I have my eyes in the DXY and the JXY. Why? Basically because you need to have an overall approach to the pairs and undestand if the currency itself is appreciating or depreciating respect others, so your analysis is not restricted to the pair you´re trading but to the whole market. It´s not so smart, but I bet that many traders don´t even consider this analysis before placing a trade.
What I mean, is that Ok for every trade you need to find the right set up I agree with you, but is that enough? I think that you should also search for those trades with the higher divergence that will return you the higher profits. So if USD dollar is appreciating your next question should be wich ones are depreciating the most?
For example in this chart you will see that if you compare the USD dollar against other currencies and gold, probably your best trades will be the ones that runs the most against the dollar.
According to this analysis 20/2/2017:
Depreciating currencies against USD Dollar in order (this ones should be your best trades) 1. Euro 2. Kiwi 3. Swiss Franc 4. British pound