Hi! Currency of the week: USD USDJPY long because the price...

  1. 815 Posts.
    Hi!

    Currency of the week: USD

    USDJPY long because the price action has the best form.

    A strong USD and the idea that GBP might come off after regaining prebrexit levels presents a GBPUSD short idea. On the GBPUSD weekly is a bearish engulfing candle at a double top level.

    NZDUSD Short is also on the table but it could also bounce around in that box.
    AUDUSD = donezo?

    Currently positions:

    NZDJPY short
    CADCHF long, I now think that;

    USD>JPY>CHF>AUD where JPY>AUD & JPY>CAD but don't know about AUDCAD;
    which means CHF>CAD;
    = close CADCHF long or reverse.

    Now that I know I want to go long USDJPY, I need to figure out how to trade this or in other words, how I can fiddle around with the risk so I make money rather than lose money.

    USDJPY Daily.png USDJPY Monthly.png AUDUSD Monthly.png NZDUSD.png EURCAD long.png GBPUSD.png
    Last edited by TwoHandsRevy: 22/04/18
 
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