Whisper it quietly but I'm very quietly enthused by this week's 'price action'. Following on from the WILLIAMS speech on Friday, US data and the overall narrative (FED cuts are coming) continues the 'risk on' theme.
The market appears to like the UK budget, therefore I've entered GBP USD long.
Any concoction of 'risk on' trade is arguably viable, particularly long AUD (hot CPI) or NZD (hawkish cut).
Plus the JPY is showing itself as a short option.
GBP USD has made a new (recent) daily high and for better or worse I've made my choice.
The risks to the trade are 'thanksgiving lull', no considerable 1hr swing for a stop loss. Or 'out of the blue' negative market sentiment.
Once again, it is a trade I will hold through market close if necessary.
Wishing our North American friends a fantastic Thanksgiving.
The market appears to like the UK budget, therefore I've entered GBP USD long.
Any concoction of 'risk on' trade is arguably viable, particularly long AUD (hot CPI) or NZD (hawkish cut).
Plus the JPY is showing itself as a short option.
GBP USD has made a new (recent) daily high and for better or worse I've made my choice.
The risks to the trade are 'thanksgiving lull', no considerable 1hr swing for a stop loss. Or 'out of the blue' negative market sentiment.
Once again, it is a trade I will hold through market close if necessary.
Wishing our North American friends a fantastic Thanksgiving.
johnelfedforexblog.ghost.io
Join the mailing list to learn fundamental trading.
Join the mailing list to learn fundamental trading.
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johnelfedforexblog.ghost.io
Join the mailing list to learn fundamental trading.
Join the mailing list to learn fundamental trading.
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。