BeSomebodyFX
Targeting near 1.07 on AUDNZD over the next week or so. Mix of bearish fundamental context coming both from the data from China which weighs on the AUD more than it does on the NZD, and the overall data from Australia itself which supports a more dovish RBA…
The retail sales from New Zealand later tonight are a bit of a risk to the NZD so we took a bit of profits and have protected the AUDNZD shorts already, eventually if it spikes higher we will likely want to short it again, will see what we get
We are long EURGBP from earlier today, targeting 0.87…
Liking the technical side here with the bullish engulfing right after price took out the lows below 0.85 which in and of itself is already a solid bullish signal.
But, what’s MORE important is actually what caused that specific price action, so what was it?
The PMIs from the UK yesterday, quite recessionary prints that are likely to lead to a more dovish BoE ahead, so that dovish repricing of expectations for the GBP adds a bit of fundamental context for EURGBP longs to do alright
Liking the technical side here with the bullish engulfing right after price took out the lows below 0.85 which in and of itself is already a solid bullish signal.
But, what’s MORE important is actually what caused that specific price action, so what was it?
The PMIs from the UK yesterday, quite recessionary prints that are likely to lead to a more dovish BoE ahead, so that dovish repricing of expectations for the GBP adds a bit of fundamental context for EURGBP longs to do alright
BeSomebodyFX
We are long EURGBP from earlier today, targeting 0.87… Liking the technical side here with the bullish engulfing right after price took out the lows below 0.85 which in and of itself is already a solid bullish signal. But, what’s MORE important is actually…
Been a bit of a chop right above the entry so far with no strong follow through yet, anyway…
Still looking for that expansion higher and this week is more about the EUR than it is about the GBP as we have the German and Spain CPI scheduled tomorrow.
Is it important? Yes, that’s where we want to see an upside beat for us to continue targeting 0.87 on EURGBP.
So keep that piece of data well in mind tomorrow, because if it prints above consensus great, but if instead it prints below expectations then we will cut the trade at breakeven
Still looking for that expansion higher and this week is more about the EUR than it is about the GBP as we have the German and Spain CPI scheduled tomorrow.
Is it important? Yes, that’s where we want to see an upside beat for us to continue targeting 0.87 on EURGBP.
So keep that piece of data well in mind tomorrow, because if it prints above consensus great, but if instead it prints below expectations then we will cut the trade at breakeven
BeSomebodyFX
Been a bit of a chop right above the entry so far with no strong follow through yet, anyway… Still looking for that expansion higher and this week is more about the EUR than it is about the GBP as we have the German and Spain CPI scheduled tomorrow. Is it…
Keep in mind more data from Europe tomorrow with the ECB minutes on top of it and right now the stop loss on our position is already set at breakeven, so from here it’s 0.87 or breakeven
BeSomebodyFX
Keep in mind more data from Europe tomorrow with the ECB minutes on top of it and right now the stop loss on our position is already set at breakeven, so from here it’s 0.87 or breakeven
And breakeven it is for us, softish data from Germany this morning and also dovish ECB minutes so with this context EURGBP likely chops around these levels for a while as both the EUR and GBP side are now fundamentally bearish
Currently just sitting on some longer term trades with the Private Network.
The snippet above with some insights from Monday gives you a good hint of what those trades are with also the overall fundamental context to keep WELL in mind to avoid getting caught on the wrong side of the macro flows…
Will alert when we open the very next position, keep an eye out for it
The snippet above with some insights from Monday gives you a good hint of what those trades are with also the overall fundamental context to keep WELL in mind to avoid getting caught on the wrong side of the macro flows…
Will alert when we open the very next position, keep an eye out for it
BeSomebodyFX
Currently just sitting on some longer term trades with the Private Network. The snippet above with some insights from Monday gives you a good hint of what those trades are with also the overall fundamental context to keep WELL in mind to avoid getting caught…
Boring is profitable.
Align with the fundamental sentiment, position, and let the market work for you...
That’s the best trading, have a great weekend everybody
Align with the fundamental sentiment, position, and let the market work for you...
That’s the best trading, have a great weekend everybody
BeSomebodyFX
Currently just sitting on some longer term trades with the Private Network. The snippet above with some insights from Monday gives you a good hint of what those trades are with also the overall fundamental context to keep WELL in mind to avoid getting caught…
Still sitting on those EURCAD shorts by the way, 1.42 is the full target so still some distance to go
We are looking to short AUDUSD, target 0.6280…
Hawkish FOMC yesterday supportive of Dollar strength.
Seasonal flows in the upcoming weeks are usually bearish AUDUSD...
And a big bearish pin bar on the daily chart printed yesterday with the FOMC as catalyst.
So, fundamentals, seasonals, and technicals all suggest further Dollar strength in general in the coming weeks.
And with that we like AUDUSD shorts in this context, target 0.6280
Hawkish FOMC yesterday supportive of Dollar strength.
Seasonal flows in the upcoming weeks are usually bearish AUDUSD...
And a big bearish pin bar on the daily chart printed yesterday with the FOMC as catalyst.
So, fundamentals, seasonals, and technicals all suggest further Dollar strength in general in the coming weeks.
And with that we like AUDUSD shorts in this context, target 0.6280
BeSomebodyFX
We are looking to short AUDUSD, target 0.6280… Hawkish FOMC yesterday supportive of Dollar strength. Seasonal flows in the upcoming weeks are usually bearish AUDUSD... And a big bearish pin bar on the daily chart printed yesterday with the FOMC as catalyst.…
Trade protected with stop loss at breakeven already for us.
CPI from Australia later tonight
CPI from Australia later tonight
BeSomebodyFX
Still sitting on those EURCAD shorts by the way, 1.42 is the full target so still some distance to go
And 1.42 on EURCAD done, reached right now
BeSomebodyFX
We are looking to short AUDUSD, target 0.6280… Hawkish FOMC yesterday supportive of Dollar strength. Seasonal flows in the upcoming weeks are usually bearish AUDUSD... And a big bearish pin bar on the daily chart printed yesterday with the FOMC as catalyst.…
First part of the move done.
Powell speaks later today so we listen to make sure the fundamental context doesn't shift.
While from a technical point of view we would like to see the current daily candle close below the first liquidity level, that would be ideal for the next leg lower
Powell speaks later today so we listen to make sure the fundamental context doesn't shift.
While from a technical point of view we would like to see the current daily candle close below the first liquidity level, that would be ideal for the next leg lower
BeSomebodyFX
First part of the move done. Powell speaks later today so we listen to make sure the fundamental context doesn't shift. While from a technical point of view we would like to see the current daily candle close below the first liquidity level, that would be…
Might be interesting to short again for the same drill from the 0.65 resistance…
Bears failed to hold that break below the first liquidity level yesterday and now squeezed back at breakeven.
If bulls fail the break of 0.65 liquidity we probably get the same behavior but in reverse.
Will see when it gets there, flat for now on AUDUSD
Bears failed to hold that break below the first liquidity level yesterday and now squeezed back at breakeven.
If bulls fail the break of 0.65 liquidity we probably get the same behavior but in reverse.
Will see when it gets there, flat for now on AUDUSD
There it is, October and a new quarter are about to start so we just opened a few extra seats to join the Private Network right now…
What's that? Basically the Private Network is where you can follow all of our trades with EXACT entry and exit details, along with daily briefings and insightful market discussions to keep you on top of what REALLY matters in the markets.
Here's what traders say about us:
https://www.trustpilot.com/review/besomebodyfx.com
So, if you want to follow more of our trades, learn from what we do, and be around other professional traders to trade smart…
You can reach out @JayRally right now to get a seat right away, 5 available of which 2 already booked, NO more seats until December
What's that? Basically the Private Network is where you can follow all of our trades with EXACT entry and exit details, along with daily briefings and insightful market discussions to keep you on top of what REALLY matters in the markets.
Here's what traders say about us:
https://www.trustpilot.com/review/besomebodyfx.com
So, if you want to follow more of our trades, learn from what we do, and be around other professional traders to trade smart…
You can reach out @JayRally right now to get a seat right away, 5 available of which 2 already booked, NO more seats until December
BeSomebodyFX
There it is, October and a new quarter are about to start so we just opened a few extra seats to join the Private Network right now… What's that? Basically the Private Network is where you can follow all of our trades with EXACT entry and exit details, along…
Thank you for all the interest that we receive as always guys.
All seats filled, next ones will be in December...
Have a great weekend everybody
All seats filled, next ones will be in December...
Have a great weekend everybody