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a beginner's attempt at the pairs
- Thread starter big mac
- Start date
+79Long GBP @ 12341
Stop @ 12308
+17Long AUD @ 7328
Stop @ 7286
Hi VC! Would you explain your reasoning here?
It's usually the case when there is uncertainty with the government. Fiat currencies are backed by confidence and at the moment, people are waiting for Trump to come in on inauguration (Jan 20).
US dollar is likely to find its strength again after that.
Mr. Big Mac, just let you know. There is a high chance that it will start to reverse from Jan19. So better reduce your trading position if you still want to take long positions in EURUSD, GBPUSD and other USD pairs
Thanks. I'll be out long before then, maybe even today. I don't but the fundies, I'm a technical trader. I avoid news. But, I'll keep your admonition in mind going forward.Mr. Big Mac, just let you know. There is a high chance that it will start to reverse from Jan19. So better reduce your trading position if you still want to take long positions in EURUSD, GBPUSD and other USD pairs