john_everist

TRADE PLAN - FRIDAY 29-05-20

john_everist Updated   
FX_IDC:USDEUR   U.S. Dollar / Euro
***YESTERDAY***

Price Action
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USD dropped hard
CHF, EUR gently strengthened
GBP pulled back
JPY strengthen in the night

News
---------------------------
USD - lots of news generally bad (HI)
AUD and NZD - minor bad
CAD - bad

(of course its all bad so does it have any meaning. I guess it means good news is VERY powerful)



***TODAY***

NEWS
---------------------------
(all news is bad (covid) so does bad news mean anything???)
complete
JPY(5) - bad (pos reaction)
AUD(1) - bad
EUR(1) - neutral

morning
EUR(9(1HI))
CHF(1)

afternoon
USD(7)
CAD(5)

evening
usd... its friday...


STRENGTH
---------------------------
Strong
AUD
NZD

Weak
USD
JPY


CORRELATION
---------------------------
JPY
AUD


TRADE CONCEPTS
---------------------------
EURUSD is gone...
JPY news
JPY pull back
GBP pull back - will gbp ride EUR wave??? can i trade them?
EUR strength
EUR news
USD weakness - but news in afternoon. Will EUR movement push it?

technically theres a lot happening
its Friday so im packing up at lunch i think

-My gut is telling me USD has moved


INSTRUMENT SELECTION
---------------------------
EURJPY
AUDJPY - sitting on daily level. Pulled back in general but not to AUD
CHFJPY - fighting at EMAs
EURJPY - looking nice. Watch for stop hunting - look too easy

technically AUD jpy is a cleaner trade but EURJPY has news and momentium. I feel like AUD momentum is dying. Am i over thinking this?


EURJPY

AUDJPY


JPY


NOTES
---------------------------
I'm not a home and not on my computer. Awkward on laptop and I feel uncomfortable with people wondering what ive been doing for 1.5 hours


Comment:
DAILY TRADE DETAILS
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