HEAD OF FOREIGN EXCHANGE

HEAD OF FOREIGN EXCHANGE (FX) Position OverviewThe Head of FX Trading is a senior leadership role responsible for directional trading across global FX markets, executing institutional-grade technical analysis, and mentoring FX trading analysts. This role demands proven expertise in multi-timeframe technical analysis, fundamental macro analysis, and real-time execution discipline. The Head of FX will manage intraday, short-term swing, and long-term swing trading strategies across major and cross-currency pairs, while strictly adhering to the desk's Standard Operating Procedure (SOP).Core Responsibilities1. Directional Trading & Strategic ExecutionExecute directional trades across major FX pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD) and cross-pairsManage three distinct trading strategies:Intraday Trading: Generate 2–3 daily trades targeting 25–50 pips each, with entry/exit confirmation on 1-hour and 4-hour structuresShort-Term Swing Trading: Identify 2–3 weekly swing positions (2–3 day holds) targeting 50–100 pipsLong-Term Swing Trading: Plan 1–2 week directional positions targeting 100+ pips based on daily/weekly structureOperate within a 9-hour trading window optimised for London/US session liquidity (13:00–16:00 GMT optimal window)Adapt trading thesis intraday, intraweek, and intramonth based on real-time price action, volume profiles, and fundamental shifts2. Advanced Technical Analysis & Market Structure InterpretationDemonstrate expert-level mastery of:Market structure identification (higher highs/lower lows), liquidity mapping, fair value gaps (FVGs), order blocks, and breaker blocksTime-Price-Opportunity (TPO) Analysis: Identify value areas (VAH/VAL), point of control (POC), and time-price intersections critical for FX turning pointsMulti-Timeframe Validation: Establish weekly macro anchors, daily trend direction, 4-hour swing points, and 1-hour entry zones before the session opensMoving Average Ribbons: SMA 20, 50, 100, 200 for trend confirmation and momentum regime identificationCandlestick Patterns & Price Action: Engulfing candles, pins, inside bars, harami patterns at confluence zonesVolume & Spread Analysis: Identify volume concentration on directional candles vs. accumulation/distribution; adjust execution strategy for Asian/London/US session spread dynamics3. Fundamental Macro Analysis & Currency Strength AssessmentConduct daily fundamental alignment validation, ensuring all trade theses are grounded in macro drivers:Interest Rate Differentials: Track ECB, Fed, BoE, BoJ, RBNZ rate guidance and policy shifts; understand how rate changes drive medium-term FX structureReal Yield Environment: Monitor inflation expectations, real yield trends, and USD strength correlationEconomic Calendar Integration: Pre-event analysis of high-impact releases (NFP, CPI, GDP, PMI); identify how consensus expectations align with trade directional biasGeopolitical Risk Events: Rapidly assess safe-haven flows, carry trade dynamics, and risk sentiment shiftsCentral Bank Communication: Analyse forward guidance, policy pivot signals, and market implications for directional biasReject technically sound trades if fundamental factors contradict directional thesis (e.g., EUR/USD long rejected if ECB signals rate cuts)4. Trade Plan Development & Execution ProtocolGenerate executable trade plans meeting exact specifications.Present trade plans in standard template format (200 words maximum)Execute entries only when the price enters the specified zone. 5. Risk Management & Position OversightSize positions according to risk tolerance and daily/position limitsMonitor open positionsScale positions or take partial profits with manager approval; 6. Continuous Opportunity Scouting & Watchlist ManagementMaintain an active asset watchlist (major pairs, cross-pairs, emerging pairs)Conduct a minimum of three watchlist scans per 9-hour shift (every 2–3 hours)Monitor new level formation, momentum shifts, session transitions (Asia close → London open → US open), and news catalystsIdentify high-probability setups before the market opens and present new opportunities in a standard format with manager approval before executionRequired QualificationsExperience (Mandatory)Minimum 7–10+ years in FX Analyst (or Equivalent) rolesProven directional trading track record across major and cross-currency pairsDemonstrated expertise in global currency analysis and macro FX driversExperience trading intraday, short-term swing, and long-term swing positionsInstitutional trading desk background (hedge fund, proprietary trading firm, or investment bank)Technical Expertise (As Explained above)Fundamental & Macro Analysis (As Explained above)Analytical & Communication SkillsExceptional technical writing and verbal clarity: Ability to explain complex trade theses in 1–2 sentencesInstitutional-level presentation standards: Precise specifications, zero ambiguity, standard template adherenceQuantitative analysis skills: P&L calculation, win rate analysis, risk/reward assessment, performance metricsReal-time decision-making: Rapid assessment of price action, confluence factors, and trade viability under pressureEducational BackgroundBachelor's degree in Finance, Economics, Mathematics, Engineering, or related quantitative field (minimum). Advanced certifications valued: CFA (particularly Level II+), FRM, or trading-specific certificationsPersonal AttributesAnalytical mindset: Data-driven decision-making; Proactive engagement: Continuous monitoring, scouting, and opportunity identification without promptingRemote-first capability: Self-directed work, time management, and professional communication in a distributed environmentTechnology proficiency: Fluent with trading platforms, charting software, API integration, and analytical toolsCompensation & Benefits StructureBase CompensationSalary Range: Up to 20% increment from the last drawn salary after verification. (based on experience, track record, and location)Performance bonuses tied to the end-of-year P&L targetsReporting Structure: Reports directly to the MDContact: saif@abracapital.comPlease feel free to share your resume, cover letter, previous performance, and track record here.