Pairs on Watch -
EURUSD : Currently short on this pair after the multiple 1H rejections at the V shape. I am aiming for the lows as my main target and will be keeping a close eye on the DXY movements. I may have to manage aggressively if need be which is fine, as the positioning is good but things can change quickly in these areas.
GBPUSD : Now we have the 1H confirmed after the bearish high test, I will be looking for a small stack in price on the lower timeframe to get short into the lows. I will only entertain this if I am breakeven on my EU short to ensure I am not over-exposed in terms of risk.
NZDUSD : This pair may need a little more development if it is going to build the larger 1H structure retesting previous lows, or it could be that the Dollar pairs drop out and we don't get an entry on this pair which is fine. But playing the same sentiment move short with NU.
EURUSD : Currently short on this pair after the multiple 1H rejections at the V shape. I am aiming for the lows as my main target and will be keeping a close eye on the DXY movements. I may have to manage aggressively if need be which is fine, as the positioning is good but things can change quickly in these areas. GBPUSD : Now we have the 1H confirmed after the bearish high test, I will be looking for a small stack in price on the lower timeframe to get short into the lows. I will only entertain this if I am breakeven on my EU short to ensure I am not over-exposed in terms of risk. NZDUSD : This pair may need a little more development if it is going to build the larger 1H structure retesting previous lows, or it could be that the Dollar pairs drop out and we don't get an entry on this pair which is fine. But playing the same sentiment move short with NU. Trade closed: target reached
Manual close on the EURUSD short for +2%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.