If RBA doesn't cut rates + oil market is coming down and china is doing well; there is a decent opportunity to long AUDCAD,especially if it breaks weekly highs. Shorting AUDCAD also can be considered if RBA cut interest rate more than expected and sounds dovish irrespective of Oil market. if China data shows further contraction; this would add confidence to a...
Still remaining short on EUR against USD. Levels looks holding well. I will update if I make any changes. Let me know if you have any comments
I am still remaining short on EURUSD, if it break any of these levels; I will look for another good level to enter a short again. EURO zone economies are weaker than US at this time
Further to last post on EURUSD; I will be moving the TP to 1.07 levels without changing the SL. Based on current developments; USD could gain some strength against EUR because of bearish approach of traders to EUR due to uncertainty in EURO ZONE
EUR zone is not doing great. weakness in EUR is the key component of this trade. No strong fundamentals to support this trade, so risk only a small percentage like 0.5% of your account
Risk management is the key in this trade. Some brokers have increased margin requirement in GBP pairs
Fundamentals favor long Gold and Silver -Weak dolor -Uncertainty about rate hike in US -Brexit/ Bremain volatility -Appreciation of safe haven assets -insecurity of a Japanese intervention -dovish central bank around the world if you think in terms of big picture, it is good to buy some gold or silver than investing in a volatile asset at this time. At least...
Definable R:R level for a short entry; if RBA decide to cut rate or speak in a more dovish tone. only threat is a risk-on sentiment which is highly unlikely in the first half of the week. 0.5% to 1% of your account size would be ideal
Beauty of this trade is that risk can be easily measured. If RBA cut rates, target will be accomplished easily. Do your analysis before jumping in to this trade