Hello guys,
Factors that have shaped my bias for going long on this pair include.
The North Korea tensions,
AUSSIE fires that have just been put out-investors are still skeptic ,
Iran war whith the push and pull between us and iran no investor fully trust the dollar even though the us is clearly winning in that war,
corona virus- Fear people are not spending as much
Lastly but not least the ongoing brexit fight that has strong impact on the eur and gold.
Most banks and hedge funds are looking for a reason to long the safe havens and the 1560 area offers really safe buy area. I think the feds have to have a strong say for the pair to fall past that zone.Despite all this, I am waiting to see how price reacts in that area after all this is Forex and we can have a high probability trade but no guarantees. #forexjourney
Factors that have shaped my bias for going long on this pair include.
The North Korea tensions,
AUSSIE fires that have just been put out-investors are still skeptic ,
Iran war whith the push and pull between us and iran no investor fully trust the dollar even though the us is clearly winning in that war,
corona virus- Fear people are not spending as much
Lastly but not least the ongoing brexit fight that has strong impact on the eur and gold.
Most banks and hedge funds are looking for a reason to long the safe havens and the 1560 area offers really safe buy area. I think the feds have to have a strong say for the pair to fall past that zone.Despite all this, I am waiting to see how price reacts in that area after all this is Forex and we can have a high probability trade but no guarantees. #forexjourney