Again pertaining to the Macro environment, it is a good idea to be on the long dollar side of things.
More importantly is the set up based on the long duration. The Reward Risk on this one is not the best but that's because this will be one of the long term foundational holds.
Keep in tune for our instructions on moving the stop loss to a more favorable position once this market starts to move our way.
More importantly is the set up based on the long duration. The Reward Risk on this one is not the best but that's because this will be one of the long term foundational holds.
Keep in tune for our instructions on moving the stop loss to a more favorable position once this market starts to move our way.
Comment:
Played out quite nicely. This is one of our bread and butter positions through the current global macroeconomic cycle. We will be in this trade for quite some time. This is a good time to re-open since TP was hit, or if you are still in the trade somehow add to your position.
Comment:
Unfortunately, we were stopped out. This will be a foundational position in the next couple of quarters so we will exercise patience and add incrementally.