Hello traders I am still long AUD/JPY from 96.96 as mentioned before. So, why the shame? Because I missed out on the EUR/USD bounce to 1.0277, the after NFP print high and also close to a breakdown point. I am located on the USA west coast, so by 2pm, I tune out because conditions become extremely liquid when NZ opens, with spreads of up to 9 points on EUR/USD and up to 30+ points on JPY/major pairs. I therefore missed out on the bounce to short EUR/USD as NZ and presumably early bird Tokyo traders became active, completely forgetting that they were not trading during NFP'S. But I had a good workout at the gym. I did go short at 1.0255 though with a stop above 1.02777. Lesson learnt. Don't make assumptions. And I am not too hard on myself because I gave up trading NFP releases a long time ago.
Fundamentally, Euro is still on the backfoot and I expect at least a retracement to 1.0192 on the 4hr chart. The release of USD CPI will be the highlight of this week. Keep in mind that both Central Banks are making back to back rate decisions in about two weeks+ We may become rangebound up until then. Watch those Bollinger Bands.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.