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A rather muddled and subdued Asia session with no clear directional bias. Things should liven up a tad with Brexit news, headlines dominating the European session and beyond.
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Good morning pip fans.
Updates:
USDCAD longs TP’d at 1.3350 yesterday, obviously just before it ran all the way to 1.3400. But, that doesn’t matter because we can only trade what we see at the time, so I’m thankful for the trade and the profit.
Late last night I stepped into some 1.2600 calls in GBPUSD as per my idea for trading the Brexit week https://www.forexflow.live/2018/12/09/news/here-are-the-best-options-for-trading-the-most-important-brexit-period-so-far/
For today, I’m just going to see where GBPUD develops the levels. 1.2500-1.2660 is the range I’m looking at and we’ll see how things shape up in between. 1.2540 & 60 are support but they’re only small late session/Asia induced levels so not likely to be that big.
We haven’t got the vote to day but we’ll still have plenty of Brexit noise.
Good luck all.
Good morning,
-Short EURJPY as long as 129.20/30 caps.
-Short a small EURNOK, should find a cap in the low/mid 9.70s for a return to 9.40s on better CPI and GDP data unless oil completely drop away. Norges bank on Thursday is not expected to raise but should acknowledge the turn for the better.
-Looking to buy USDMXN on 20.23/25 dips or 20.35/36 break fo ra return to 20.60.
The rest as it comes. December is well underway with less liquidity and faster moves. I’ll be in smash and grab mode unless a clear trend develops, which with ECB and Fed meetings later I kind of doubt.
Macron’s mending by spending approach should keep EUR from running to high imo. 1.1320/30-1.1420/30 is the EURUSD range I’m looking to get involved in with a sell rally bias.
Safe travels and happy hunting.
Ahoy hoy
New positions in NZDCAD- short 0.9225 – and AUDCAD close to the days high. Long trade in AUDNZD from 1.0456 going nicely at this time.
Short carried over from yesterday in EURAUD – NZDUSD — GBPAUD – short from Friday .
A few things on the watchlist that have been posted in our trading room
Have a super day ?