EURCHF fairly undervalued down here...
With the recent developments on the EU fund and the SNB defending 1.06 we expect EURCHF to rally towards 1.12, it may take months or quarters so we are going to buy low, take profit at resistance and repeat, we will be wrong on a daily close below 1.05 or on a shift in macros
At the moment we are interested in buying in the low 1.06s but this market can shift rapidly so stay alert, exact entries will be shared with the Private Network members as always.
With the recent developments on the EU fund and the SNB defending 1.06 we expect EURCHF to rally towards 1.12, it may take months or quarters so we are going to buy low, take profit at resistance and repeat, we will be wrong on a daily close below 1.05 or on a shift in macros
At the moment we are interested in buying in the low 1.06s but this market can shift rapidly so stay alert, exact entries will be shared with the Private Network members as always.
BeSomebodyFX
USDJPY "fair" value around 104.000 We have been looking to short USDJPY a few days ago and this recent drop it's strengthening our bias, retails are 73% long at the moment and at the beginning of last week they were only 51% long so they added positions and…
USDJPY shorts to pick up pace...
Expecting USDJPY shorts to pick up pace between today and August 11, we managed to short at 106.000 in the Private Network and holding, 104.000 should trade before August 11.
Anyway, have an amazing and maybe sunny day wherever you are in the world, don't forget trading doesn't have to be stressful, if you are stuck in front of the charts all day long then you are doing it wrong.
Expecting USDJPY shorts to pick up pace between today and August 11, we managed to short at 106.000 in the Private Network and holding, 104.000 should trade before August 11.
Anyway, have an amazing and maybe sunny day wherever you are in the world, don't forget trading doesn't have to be stressful, if you are stuck in front of the charts all day long then you are doing it wrong.
A few of our models flashing for a USD pullback...
This does NOT mean that long USD is the trade (we are long term very bearish), but it means that probably short Dollars will not be as fun in August as it was for the last few weeks, things could get choppy this month.
About our USDJPY short, we will close it on August 12 if momentum doesn't pick up, never get too attached to a trade.
Keep yourself distracted if you are prone to "boredom trades", the next few weeks could be very choppy in FX but keep your eye on the S&P500, just 1% shy of ATH
This does NOT mean that long USD is the trade (we are long term very bearish), but it means that probably short Dollars will not be as fun in August as it was for the last few weeks, things could get choppy this month.
About our USDJPY short, we will close it on August 12 if momentum doesn't pick up, never get too attached to a trade.
Keep yourself distracted if you are prone to "boredom trades", the next few weeks could be very choppy in FX but keep your eye on the S&P500, just 1% shy of ATH
We closed our USDJPY shorts a few hours ago with a 0.3% loss, 10Y yields are having a strong week which doesn't support our USDJPY shorts plus our models suggesting a USD pullback made us get out of the shorts, if a trade is not valid anymore cut it quickly.
Overall we do think USDJPY is headed towards 101 as the FED keeps rates low and drives inflation higher but we may have jumped on this train too early (or too late as the Dollars needs a breath now), we will look to re enter short with our Private Network members when needed
Overall we do think USDJPY is headed towards 101 as the FED keeps rates low and drives inflation higher but we may have jumped on this train too early (or too late as the Dollars needs a breath now), we will look to re enter short with our Private Network members when needed
BTC to 14k next and ATH by 2021
BTC and the whole crypto market looking very good at the moment 14k is coming sooner than later and we may speak 20k+ in 2021, we did a full breakdown of our thought process and our positions for the Private Network members but I'm leaving this chart here too that tells the main story, the next 12 months are going to be big, but keep in mind there is no healthy bull market without healthy corrections, be wise and stay unleveraged.
Don't forget there isn't only BTC, we believe BTC will actually underperform the whole market while other cryptos will shine, all our positions will be shared with the Private Network members as always.
BTC and the whole crypto market looking very good at the moment 14k is coming sooner than later and we may speak 20k+ in 2021, we did a full breakdown of our thought process and our positions for the Private Network members but I'm leaving this chart here too that tells the main story, the next 12 months are going to be big, but keep in mind there is no healthy bull market without healthy corrections, be wise and stay unleveraged.
Don't forget there isn't only BTC, we believe BTC will actually underperform the whole market while other cryptos will shine, all our positions will be shared with the Private Network members as always.
BeSomebodyFX
https://besomebodyfx.com/a-little-tip-to-drastically-improve-your-trading1/
EURUSD squeezing the late buyers...
Go read the attached article if you got trapped long at the highs, we are not going to trade this as it's against our long term macro bias which is bullish for EURUSD, so instead of speculating on the squeeze we exploit it to buy cheap, maybe below 1.18000, but that's another story.
The chart above is just to prove the point laid out in the attached article
Go read the attached article if you got trapped long at the highs, we are not going to trade this as it's against our long term macro bias which is bullish for EURUSD, so instead of speculating on the squeeze we exploit it to buy cheap, maybe below 1.18000, but that's another story.
The chart above is just to prove the point laid out in the attached article
BeSomebodyFX
EURUSD squeezing the late buyers... Go read the attached article if you got trapped long at the highs, we are not going to trade this as it's against our long term macro bias which is bullish for EURUSD, so instead of speculating on the squeeze we exploit…
Textbook squeeze, lovely to see
A little intraday trade that we are looking for today, retail stop losses are resting above yesterday's wick on EURUSD, with month end flows bearish for the Dollar i would expect that liquidity to be taken out today, we will be buyers around 1.18500 if we can get it
BeSomebodyFX
A little intraday trade that we are looking for today, retail stop losses are resting above yesterday's wick on EURUSD, with month end flows bearish for the Dollar i would expect that liquidity to be taken out today, we will be buyers around 1.18500 if we…
Done, liquidity HIT but no entry for us since it didn't pullback.
What happens now?
What happens now is not where the edge is, the edge was in riding the move into the liquidity, now it's about waiting to see the reaction and then assessing a new trade when the next opportunity comes.
September is shaping up for great opportunities, we are going to open 3 seats for the Private Network in the next few hours @JayRally
What happens now?
What happens now is not where the edge is, the edge was in riding the move into the liquidity, now it's about waiting to see the reaction and then assessing a new trade when the next opportunity comes.
September is shaping up for great opportunities, we are going to open 3 seats for the Private Network in the next few hours @JayRally
Like every end of the month, I could show you screenshots of all the feedback we receive such and such...
This time I decide to share only one screenshot that sums it all up.
If you tired of your retail circle and want to join a professional community where you have a whole network of professional macro traders telling you what they are doing with their own money each step of the way, sharing private insights, educational info, and all their thought process to come up with a trade so that you can educate yourself, then you can contact @JayRally to join the Private Network.
And before you ask... Yes we do share trades with exact entry and exits, what the average retail calls "signals" 😉
This time we are making it more exclusive than ever, ONLY 3 seats available and we won't be accepting any new member until October, text "I WANT TO JOIN" @JayRally to claim a seat
Trustpilot reviews:
https://www.trustpilot.com/review/besomebodyfx.com
This time I decide to share only one screenshot that sums it all up.
If you tired of your retail circle and want to join a professional community where you have a whole network of professional macro traders telling you what they are doing with their own money each step of the way, sharing private insights, educational info, and all their thought process to come up with a trade so that you can educate yourself, then you can contact @JayRally to join the Private Network.
And before you ask... Yes we do share trades with exact entry and exits, what the average retail calls "signals" 😉
This time we are making it more exclusive than ever, ONLY 3 seats available and we won't be accepting any new member until October, text "I WANT TO JOIN" @JayRally to claim a seat
Trustpilot reviews:
https://www.trustpilot.com/review/besomebodyfx.com
BeSomebodyFX
Like every end of the month, I could show you screenshots of all the feedback we receive such and such... This time I decide to share only one screenshot that sums it all up. If you tired of your retail circle and want to join a professional community where…
Thanks for all the interest, all seats filled, more will be available around October.
Have a great weekend, and prepare yourself for an eventful September, things will get spicy, we will share some content here in the public group as well so stay tuned
Have a great weekend, and prepare yourself for an eventful September, things will get spicy, we will share some content here in the public group as well so stay tuned
EURUSD likely to hunt stop losses at the 1.20 handle...
Retails are still net short in EURUSD, they are now sitting at 78% longs and they will increase size this week, we are expecting now a return to the range mean to then possibly take a long, on the chart above you can see how the plan could look like as I would expect the stop losses sitting at the round number (1.20000) to be taken out sooner than later.
Entry confirmation and our exact trade details will be shared with the Private Network members as always
Retails are still net short in EURUSD, they are now sitting at 78% longs and they will increase size this week, we are expecting now a return to the range mean to then possibly take a long, on the chart above you can see how the plan could look like as I would expect the stop losses sitting at the round number (1.20000) to be taken out sooner than later.
Entry confirmation and our exact trade details will be shared with the Private Network members as always
BeSomebodyFX
EURUSD likely to hunt stop losses at the 1.20 handle... Retails are still net short in EURUSD, they are now sitting at 78% longs and they will increase size this week, we are expecting now a return to the range mean to then possibly take a long, on the chart…
1.20 liquidity HIT as expected, now if enough sellers have been stopped and enough buyers have FOMOed in at the breakout we squeeze lower towards 1.18500 which is where we will look for longs
BeSomebodyFX
1.20 liquidity HIT as expected, now if enough sellers have been stopped and enough buyers have FOMOed in at the breakout we squeeze lower towards 1.18500 which is where we will look for longs
Important week for the EUR...
EURUSD squeezed lower as expected and we went long last week on the Network at 1.18000 and took a very small profit on Friday, this week looks like it will be a very choppy one until the ECB meeting (see chart above) which could give us some intraday opportunities, we lean to the bullish side unless we get a daily close below Q3 open price.
Anyway, Lagarde will be the ruler this week, all ears on the press conference, if Lagarde says things like "EUR too high" "EUR FX rate matters" "EUR levels concerning" and such, then expect EURUSD to gradually drop towards 1.16 in the coming weeks, and on the opposite side if Lagarde doesn't even mention the EUR level then expect EURUSD to rise over 1.21 gradually, it's an extremely important week for the EUR to know the ECB position, we will be all over it with the Private Network members.
EURUSD squeezed lower as expected and we went long last week on the Network at 1.18000 and took a very small profit on Friday, this week looks like it will be a very choppy one until the ECB meeting (see chart above) which could give us some intraday opportunities, we lean to the bullish side unless we get a daily close below Q3 open price.
Anyway, Lagarde will be the ruler this week, all ears on the press conference, if Lagarde says things like "EUR too high" "EUR FX rate matters" "EUR levels concerning" and such, then expect EURUSD to gradually drop towards 1.16 in the coming weeks, and on the opposite side if Lagarde doesn't even mention the EUR level then expect EURUSD to rise over 1.21 gradually, it's an extremely important week for the EUR to know the ECB position, we will be all over it with the Private Network members.
BeSomebodyFX
Important week for the EUR... EURUSD squeezed lower as expected and we went long last week on the Network at 1.18000 and took a very small profit on Friday, this week looks like it will be a very choppy one until the ECB meeting (see chart above) which could…
I'm sure this doesn't need further comments, played out perfectly except that our pending order to buy was at 1.17500 and yesterday's low was at 1.17510...
All ears on the ECB now, Lagarde comments will send EURUSD to 1.21 or 1.16 in the coming weeks so keep an eye on that, we have it all covered in our Private Network as always.
All ears on the ECB now, Lagarde comments will send EURUSD to 1.21 or 1.16 in the coming weeks so keep an eye on that, we have it all covered in our Private Network as always.
A little late but here it is for you guys too, ECB preview sent at the London open today for the Network members.
I'm not writing this to flex but to let you know that you should expect EURUSD to hit 1.20 or at least 1.19500 before the end of the week, as the ECB clearly commented that they are not worried about the EUR level at the moment
I'm not writing this to flex but to let you know that you should expect EURUSD to hit 1.20 or at least 1.19500 before the end of the week, as the ECB clearly commented that they are not worried about the EUR level at the moment