JLS: Trading Plan on Major Pairs & Cross Rates (Derivatives)
If for any reasons the USDJPY on hold at 110.50 (target zone 107.00-112.00-117.00) and the USDCHF on hold at 1.0200 (target zone 0.9700-1.0200-1.0700) and the major pairs USDCAD reach 1.3600, NZDUSD reach 0.6650, AUDUSD reach 0.6900, GBPUSD reach 1.3000 (align), EURUSD on hold at 1.0200/1.1000, I will close all my short trades on JPY-pegged pairs and USD-pegged pairs and to trade the following pairs:
Long CADCHF, NZDCHF, AUDCHF, GBPCHF, EURCHF - re-carrying to upward to equivalent rate USDCHF 1.0700
Long CADJPY, NZDJPY, AUDJPY, GBPJPY, EURJPY - re-carrying to upward to equivalent rate USDJPY 117.00
Long NZDUSD, AUDUSD, GBPUSD, EURUSD to monthly high and short USDCAD to monthly low,
Short EURCAD, EURNZD, EURAUD, EURGBP to new monthly low.
The performance of USDJPY at 110.50 and USDCHF at 1.0200 becomes the most indicators to gauge the re-entering of JPY and CHF carry traders interior the current target zones of all major pairs and their cross rates (derivatives).
Long CADCHF, NZDCHF, AUDCHF, GBPCHF, EURCHF - re-carrying to upward to equivalent rate USDCHF 1.0700
Long CADJPY, NZDJPY, AUDJPY, GBPJPY, EURJPY - re-carrying to upward to equivalent rate USDJPY 117.00
Long NZDUSD, AUDUSD, GBPUSD, EURUSD to monthly high and short USDCAD to monthly low,
Short EURCAD, EURNZD, EURAUD, EURGBP to new monthly low.
The performance of USDJPY at 110.50 and USDCHF at 1.0200 becomes the most indicators to gauge the re-entering of JPY and CHF carry traders interior the current target zones of all major pairs and their cross rates (derivatives).
Comment:
As the USDJPY was hold at 110.74, all the new trades entered and the existing trades closed for profit