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A selection of European PMI’s in this session, followed by the much anticipated Bank of Canada rate decision.
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yesterday, many GBP pairs made pin look candles, so i think pound still bearish
Good morning all,
-Still short EURCAD, will decide on BoC what happens with it. I prefer the cross as I have a neg bias for the EUR. Data continue to slide.
-Short small USDCNH, it could be a looong wait until the G20 Trump-Xi meeting to see this pair unlocked. I doubt HRO would decide to slam some more tariffs on China in between just to have a subject of discussion but who knows. 7.00 is of course THE level, no need to elaborate.
-Shorts from yesterday EURJPY in the room saw half tp’ed ahead of 128.30 support but also part stopped through 129 overnight.They’ve been replaced by short EURUSD this morning after the French data 1.1458. I reckon 1.1430 will give this time for a move to 1.1380 or 1.1300. Stop will be through 1.1500/10.
Safe travels and happy hunting.
Ahoy hoy.
Dow Jones was a great short ride again yesterday. Some profits were booked and an extra short position was added close to the Asia highs.
I’m holding a few long CAD positions,- all in profit. I’m going to leave them until just before the Boc and then decide on where to place my stops. I’m willing to risk a small loss on these after the announcement, giving room for a little last minute juggling and widening spreads.
Mostly one way action in many charts today. There should be some chances of counter trading some of these moves. It has been a good start to the week with my Dow and gold trades. At this moment in time I have no big ideas on direction in anything other than buy gold dips and sell Dow rips. — Scalping seems the order of the day in everything else until I can form more of a med term opinion.
Have a super day ?
Im still looking for the bottom in this GBP weakness. When the good news starts rolling in, GBP will spike again and again. Buying 1.2900 again if we get there hourly descending channel working nicely.