Game plan tomorrow from the london spot prop desk...
Keeping short AUDNZD
Buying EURUSD (at mkt 1.3431) looking for a squezze thru intraday highs (1.3445), stops at 1.3450 look vulnerable from the levered shorts that have built past few weeks. Use USD weakness to build longs ahead of FOMC tho. (somewhere just south of 1.35 in EURUSD)
something like this... Remember, the market is *very* short, so susceptible to squeezes
Keeping short AUDNZD
Buying EURUSD (at mkt 1.3431) looking for a squezze thru intraday highs (1.3445), stops at 1.3450 look vulnerable from the levered shorts that have built past few weeks. Use USD weakness to build longs ahead of FOMC tho. (somewhere just south of 1.35 in EURUSD)
something like this... Remember, the market is *very* short, so susceptible to squeezes