DavidBelleFX
Short

AUDJPY weekly

FX_IDC:USDJPY   US DOLLAR / YEN
346 6 11
Wyckoff tech basis.
8 Tips For New Traders: http://bit.ly/2gLXPku

Brokers I use:
ThinkMarkets: http://bit.ly/2guPzVn

GKFX: http://bit.ly/2gyUF0E

London Capital Group: http://bit.ly/2fETttv (also offer Vanilla Options)




lu1977hk
a month ago
Hi, do you still see pair starting his way down ? Market seems very bullish. What is your strategy?
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DavidBelleFX lu1977hk
a month ago
@lu1977hk, Absolutely. When the market seems bullish or bearish is how I prefer to play things. I'm pretty contrarian.
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lu1977hk
a month ago
Thanks, how do you see the risk of a spike to 110 playing? What are your shorter term targets?
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lu1977hk
a month ago
Do i read correct saying that above 110.50 the trade need to be canceled?
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lu1977hk
12 days ago
Any update on this trade?
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DavidBelleFX lu1977hk
11 days ago
@lu1977hk, Sorry, just seen your comments. Yes for the initial idea the risk zone was broken, however, re-evaluating, I still maintain dollar bearishness. This is because of cross currency swaps becoming more and more expensive, which means hedging currency risk is becoming more expensive. This makes margins on buying US assets thinner and so dollar demand will fall.
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