fundamental :
- risk tone between Ukrainian & russian
- us sanction on russia will effect Europe’s energy, trade, manufacturing, banking and markets
technical;
- waiting for 128.415 level to break
- Any fall below that level could be an opportunity to go long on the yen.
My trading strategy isn't intended to be used as a signal service. It's a process of...
Entered short on this pair due to the pullback to trend-line in a down trend, the market created a doji (deceleration) on a daily candlestick and i have executed today on a bearish stick.
Looking towards the 143.00 region.
I will update as we go....
End of the bull run
Global Equity Indexes:
1. SPX/ Global Equity indexes in the past 2/3wks saw a post-brexit central bank easing induced rally, as many CB released dovish statements following the vote which spurred investor confidence in fresh easing.
- IMO much of the bull run was based on BOJ easing hopes, given the size of the economy (4th largest)...
BOJ Miss:
1. BOJ deliver one of the biggest misses in history (vs expectations/ pressure) - only increasing ETF purchases and dollar funding by apprx $60bn annual in total vs 10-20bps of Depo and LSP cuts + 5-20trn in QE increase + ETF increase.
*See attached post for in-depth detail on the BOJ situation and price action history/ Yen strength/ Safe havens*
...
The best Idea to play BOJ and FOMC from a risk-averse perspective is to own both in a Long Straddle
Strategy
Dynamic Straddle: Long USDJPY & Short GBPJPY - TP from volatility & Event likely hoods
TP levels = cannot be greedy else you may miss one trades exit point so <25 pips when it goes in your direction for each - total TP = 50pips as 2*25pips
Reasoning...
This article is a tradable summary of all of the indepth GBP$ analysis i have done recently - I aim to give you a conclusive opinion and trading plan. SEE PART 2 ALSO
I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense
In a nutshell i am heavily short GU, about 8-9/10 @1.44/5 (@1.41 only 2/10) -...
I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense
SEE PART 1 ALSO
GBPUSD historical Price Action
The findings of previous the attached "Price action history posts" led to the conclusion that referendum history clearly wasn't repeating itself however IMO because this is the case it has opened up...
