Olu how do you see this gbpusd?
lots of bets that it will go up
lots of bets that it will go up
Trading For Those Who Have A Day Job 28 replies
Trading For Those Who Have A Day Job 0 replies
DislikedOlu how do you see this gbpusd? lots of bets that it will go up {image}Ignored
DislikedAUDCHF: Strong downtrend stalling a bit atm. Possible complex inverted head&shoulders waiting to play out? {image}Ignored
DislikedYTD performance vs. USD: has the time come to short NZD/CAD? {image} In close tango: with USD/JPY you're indirectly trading the US 10y note. {image}Ignored
DislikedIt's too early to short the Kiwi, I think. The outrageous valuation is likely to last until Fed and perhaps BoE starts signaling rate hikes. USD could then turn to be a more optimal counterpart. The performance chart is from the Thinkorswim platform and shows CME currency futures on the daily timeframe. Very basic but useful.Ignored
DislikedGbpAud I see weakness on this chart but I dont like 'longing' the aud. The chart says sell what is the trader going to do? I like the nzd more than the aud. GbpNzd is tanking too Olu {image}Ignored
Disliked{quote} I share your uncomfortable sentiment regarding buying AUD. AUD has been puzzling me for like 2 weeks now. AUD (the currency) showing bullish structure, but still no buy confirmed: {image}Ignored
Disliked{quote} That is one of the reasons why I like NZDCAD buy over NZDUSD buy (as mentioned in Numbnuts journal). Both NZDUSD and USDCAD looking up = potential for strongest move up in NZDCAD. Last bar broke support on CAD (the currency): {image}Ignored
Disliked{quote} Your chart is teasing Vox Dei. It looks like a H&S about to confirm. 'About to' is the operative word here. This whole structure can be messed up tomorrow. Or scuppered by bad China Fundys. What is a trader to do? If we believe it is all in the charts then out mouse cursor must be hovering over the buy button. However experience tells us the aud can weaken in a flash on release of fundy news and jawboning. A trader's dilemma. Great chart Vox Dei. Thanks OluIgnored
Disliked{quote} Just has another look at NzdCad. It looks like it is going to the moon. I was posting about this yesterday then BAM! great price action today.Ignored