- | Joined Jun 2008 | Status: Member | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
Crosses and exotics (gbp/aud...) 11 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
trading exotics 0 replies
DislikedMost of the pairs have very high correlations, like GBP/USD will most likely move higher when USD/CHF lower, and EUR/CAD and GBP/CAD will act similar.
So its a question of what happens with the markets, JPY etc. If fore example JPY buying stops, and EUR/USD & GBP/USD looks like they find a base, I would say shorting USD/CHF is a no brainer. The opposite is currently ongoing, hence USD/CHF long is a sure thing.
Regarding CAD crosses, CAD has employment data today, hence could move EUR/CAD and GBP/CAD regardless of weakness in EUR and GBP.Ignored
DislikedThanks,
what would you think would be a reasonable taking profit before it retrace?Ignored
DislikedAfter the NEWS:
JPY
EU lows are taken! Sentiment is Strong Bearish now. All JPY crosses heading a lot lower
AUD
Likewise, AUD sell off hasten, EUR/AUD and GBP/AUD heading higher. Strong BullishIgnored
DislikedI hope that this question is not to offend you, for English is my 2nd language. When you said, "EU lows are taken", you mean EU lows happened. Right?Ignored