Longer Terms positions

Tried shorting USD/JPY yesterday at around 117.70. Bad idea to pick tops...stopped out at 118.15 but still would like to be short when it proves it's made it's run up.
 
Right now USD/JPY and EUR/USD are at a certain point (IMO) where it is not clear what's happening, USD/JPY had a divergence on daily, which might trigger a weekly reversal, EUR/USD on the other hand is bearish on 240 & daily charts and might reverse the weekly, which is forming a bearish divergence of its own, so go figure.
 
Dollar doesn't really seem to know where it wants to go yet. With that being said, I probably won't be putting any dollar trades on until it gives an idea. The USD/JPY once again proved to be that it's a bad idea to try picking tops. Looking to sell EUR/AUD w/ target around 1.6350.
 
Bull/
I think this statments from Greenie
is a valid one
I'm convinced Now
this 1.3030 for the eur is soooooooo
Dangerous..
Probably 1.34 next week---> to 1.38 and Probabaly very fast
Looking really scary week
GL
KaL
 
So...for USD/CHF another south year IMO
Target 1.03 By same time next year

EUR/AUD seems Like a good Buy this Month for 1.75

GL and I agree with you
 
USD/CHF looks like a good sell, especially considering the recent run-up. I gotta disagree with EUR/AUD. I would be short down to around 1.56. If it does hit 1.75 then to me that means it is a pretty major reversal.
 
Right now I'm not seeing a lot that I like. Probably taking it easy until after the holidays. Still like USD/CHF - short at 1.2145. Also keeping my eye on USD/JPY. If this is a top then there will be a nice move on the downside I believe. Take care.
 
You must log in or register to reply here.
Back
Top