Hey, guys. Hope you guys have a wonderful weekend. Here I come.
I am expecting the US Fed to raise the US interest rate by 0.25 more. That means, I am looking for a weaker US dollars, for Sell USDJPY and buy EURUSD and GBPUSD.
I am looking to buy this pair more than to sell. It makes a new low, but comes back to close high. Now it retests a new high and comes back to close at previous many high points. I am thinking about buying at around 1.05660
This market break down a little bit compared to EURUSD and USDJPY. What this means is that if EURUSD is reversing back up, GBPUSD will reverse for a very very high break up. Watch out everyone. This is going to be a very big profitable trade.
For those who sell this pair last week, stay with your position. For those who had not enter the trade, you could still look for opportunity to sell this pair. I am looking at around 1.05000 and 1.02000 before it reverses back up.
I am looking for this pattern right here. Like I say, look to sell on Monday and Tuesday. Look to buy for the reverse on Wednesday, Thursday, and Friday. Have a nice and wonderful weekend everyone. Thank you.