BeSomebodyFX
We are long USDCHF. Same logic behind the USD longs earlier this week. Seasonality ahead is bullish for the Dollar and FED's expectations for the September meeting are too dovish with still some chances of a 50bps cut priced in. And on top of that... Technically…
Not much to update on USDCHF.
Trade still there.
The soft Swiss CPI numbers yesterday support the direction, but…
We need to see some solid data out of the US too to get this going.
Particularly with the NFP on Friday
Trade still there.
The soft Swiss CPI numbers yesterday support the direction, but…
We need to see some solid data out of the US too to get this going.
Particularly with the NFP on Friday
BeSomebodyFX
Alright guys, September has started so it's time to open up a couple of extra seats to join the Private Network 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…
Thank you for all the interest as usual.
All seats filled already
All seats filled already
BeSomebodyFX
Not much to update on USDCHF. Trade still there. The soft Swiss CPI numbers yesterday support the direction, but… We need to see some solid data out of the US too to get this going. Particularly with the NFP on Friday
Probably the bottom.
Annoying yes, but it happens.
Have a great weekend everybody
Annoying yes, but it happens.
Have a great weekend everybody
Took a while to write this one.
And probably the most interesting educational post we have done so far.
You can find it on our Substack, here:
besomebodyfx.substack.com
Let us know your thoughts on it
And probably the most interesting educational post we have done so far.
You can find it on our Substack, here:
besomebodyfx.substack.com
Let us know your thoughts on it
Guys, FOMC today will be as volatile as it gets.
Keep in mind…
A 25bps cut will see 100 to 120 pips Dollar strength across the board.
While a 50bps cut will see the opposite, 80 to 100 pips of USD weakness.
ONLY as the VERY short term reaction tho, after that much will depend on the dot plot and forward guidance.
So just beware there will be notable moves later today, more than any other FOMC in the past year or so.
Will share if any interesting trade comes out of it
Keep in mind…
A 25bps cut will see 100 to 120 pips Dollar strength across the board.
While a 50bps cut will see the opposite, 80 to 100 pips of USD weakness.
ONLY as the VERY short term reaction tho, after that much will depend on the dot plot and forward guidance.
So just beware there will be notable moves later today, more than any other FOMC in the past year or so.
Will share if any interesting trade comes out of it
BeSomebodyFX
Will share if any interesting trade comes out of it
Bit of fundamental context after the FOMC from the Private Network.
No action for us on the Dollar.
Yes, fundamentals are bearish but price action is a bit messy and also seasonals don’t agree with USD shorts yet.
So we sit on our hands.
Will share our next trade when we take it
No action for us on the Dollar.
Yes, fundamentals are bearish but price action is a bit messy and also seasonals don’t agree with USD shorts yet.
So we sit on our hands.
Will share our next trade when we take it
BeSomebodyFX
We are long AUDCHF. Looking for a continuation higher after the SNB rate decision. Target 0.5950
Closing AUDCHF at breakeven.
Mixed feelings on it given the moves in the Yen out of Japan's election.
Will see next week if it sets up again for another long when the dust settles in the JPY.
Have a great weekend everybody
Mixed feelings on it given the moves in the Yen out of Japan's election.
Will see next week if it sets up again for another long when the dust settles in the JPY.
Have a great weekend everybody
Remember GOLD? Yes, forget about 2700, why?
Because 2900 is the new target.
Posted a VERY big update from Goldmans on our Substack, here:
besomebodyfx.substack.com
Perfect context for GOLD to keep trending higher, long term
Because 2900 is the new target.
Posted a VERY big update from Goldmans on our Substack, here:
besomebodyfx.substack.com
Perfect context for GOLD to keep trending higher, long term
We are long EURGBP.
Mostly technical here with that break in market structure.
Because no, there's nothing bullish about the EUR itself.
But Friday we had some VERY dovish comments from BoE Bailey that weighs on the Pound.
And the chart structure suggests that sentiment wants to push for another leg higher.
Target 0.8520
Mostly technical here with that break in market structure.
Because no, there's nothing bullish about the EUR itself.
But Friday we had some VERY dovish comments from BoE Bailey that weighs on the Pound.
And the chart structure suggests that sentiment wants to push for another leg higher.
Target 0.8520
BeSomebodyFX
We are long EURGBP. Mostly technical here with that break in market structure. Because no, there's nothing bullish about the EUR itself. But Friday we had some VERY dovish comments from BoE Bailey that weighs on the Pound. And the chart structure suggests…
Still there.
Stops below the weekly low.
Have a great weekend everybody
Stops below the weekly low.
Have a great weekend everybody
BeSomebodyFX
Still there. Stops below the weekly low. Have a great weekend everybody
Stopped out.
All transparent here.
Profit and losses, always updated
All transparent here.
Profit and losses, always updated
No surprise with these moves in crypto.
Posted an update on our Substack, here:
besomebodyfx.substack.com
Expecting 73k and higher
Posted an update on our Substack, here:
besomebodyfx.substack.com
Expecting 73k and higher
BeSomebodyFX
Perfect context for GOLD to keep trending higher, long term
Yes, 2700 done.
2900 next for GOLD.
Have a great weekend everybody
2900 next for GOLD.
Have a great weekend everybody
BeSomebodyFX
We are long AUDCAD. Looking for this corrective structure to resolve higher fundamentally. Target 0.9380
I’m sure you’ve seen the news from the Middle East.
That could be a bit of a threat to the AUDCAD longs if it escalates further, but…
Counterintutitvely, this could instead turn out to be a short term turning point for geopolitical risks, into a deescalation, into risk on.
How? And why? See this tweet
That could be a bit of a threat to the AUDCAD longs if it escalates further, but…
Counterintutitvely, this could instead turn out to be a short term turning point for geopolitical risks, into a deescalation, into risk on.
How? And why? See this tweet
BeSomebodyFX
Expecting 73k and higher
BTC reaching for 73k before month end as expected
BeSomebodyFX
2900 next for GOLD.
And don't forget GOLD, still expecting 2900
Alright guys, 5 days to the most important macro event of the year, the US election, so?
So it's time, 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 1 already booked, NO more seats until January
So it's time, 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 1 already booked, NO more seats until January