BeSomebodyFX
EURUSD not stopping before 1.14... We bought a small chunk of EURUSD last week at 1.11x but took profit way to early at 1.12x expecting a better entry which never came and price kept grinding higher, this week we will monitor the 1.12 handle, zone where we…
Crazy market open due to the OIL market crash, took profit on a long USDCAD on the private network and still into a GBPNZD small long from last week, meanwhile EURUSD hit liquidity target at 1.14 but never gave us a chance to enter, will personally monitor any pullback as potential buy opportunity upon confirmation but without much conviction now that the 1.14 has been hit that was the final target since our first long at 1.11x
USDCAD the best Dollar long for the next 2 to 3 months...
Retail traders have been trying to pick the top in USDCAD since 1.33, price is now trading 600 pips higher and squeezing them out, retails keep selling it and went already from 84% shorts at the beginning of the week to 88% shorts currently, we see them reaching extreme levels around 95% shorts as they keep trying to pick the top here against all fundamentals.
What's the fundamental reason for the trade?
After the FED emergency cut yesterday of 75bps the BoC will have to follow and will bring rates close to 0 too, the markets have priced in only a 38bps cut from the BoC for the April meeting which means a surprise cut of 50bps will be a decent CAD negative we expect a new emergency cut to be announced as soon as this week, but that will not be the main driver for the trade, the main reason will be the data coming our of Canada in the next few months, the cocktail of low OIL prices and Coronavirus lockdowns will be a disaster for Canadian data.
Retail traders have been trying to pick the top in USDCAD since 1.33, price is now trading 600 pips higher and squeezing them out, retails keep selling it and went already from 84% shorts at the beginning of the week to 88% shorts currently, we see them reaching extreme levels around 95% shorts as they keep trying to pick the top here against all fundamentals.
What's the fundamental reason for the trade?
After the FED emergency cut yesterday of 75bps the BoC will have to follow and will bring rates close to 0 too, the markets have priced in only a 38bps cut from the BoC for the April meeting which means a surprise cut of 50bps will be a decent CAD negative we expect a new emergency cut to be announced as soon as this week, but that will not be the main driver for the trade, the main reason will be the data coming our of Canada in the next few months, the cocktail of low OIL prices and Coronavirus lockdowns will be a disaster for Canadian data.
BeSomebodyFX
USDCAD the best Dollar long for the next 2 to 3 months... Retail traders have been trying to pick the top in USDCAD since 1.33, price is now trading 600 pips higher and squeezing them out, retails keep selling it and went already from 84% shorts at the beginning…
Target for us is 1.45, and will look to buy upon confirmation after a pullback towards 1.37x
BeSomebodyFX
USDCAD the best Dollar long for the next 2 to 3 months... Retail traders have been trying to pick the top in USDCAD since 1.33, price is now trading 600 pips higher and squeezing them out, retails keep selling it and went already from 84% shorts at the beginning…
Not much to say about this, went straight to target and didn't give us a chance to enter, we have been calling a weak CAD and USDCAD higher since 1.30 in the private network and we are now 1500 pips higher, haven't been able to enter on this last push but profited from it a few weeks ago, on the long term picture more upside will come but we need a correction first to make this a solid trend, if you want to follow our trades with more info and analysis everyday this weekend we are going to open 3 seats for the private network, contact @JayRally to book a seat
USDJPY likely to squeeze higher towards 112.00 as retails try to short it...
Retails are shorting heavily USDJPY and went from 92% longs at the beginning of the month to 59% currently, they are trying to pick the top of the pullback here in USDJPY which suggests us that this can keep squeezing higher towards 112.00 liquidity zone
Retails are shorting heavily USDJPY and went from 92% longs at the beginning of the month to 59% currently, they are trying to pick the top of the pullback here in USDJPY which suggests us that this can keep squeezing higher towards 112.00 liquidity zone
☝🏻Maybe you don’t realize it but emotions play a huge role on your trading profitability, this article it’s a 5 min read and can give you a few good tips so check it out☝🏻
BeSomebodyFX
USDJPY likely to squeeze higher towards 112.00 as retails try to short it... Retails are shorting heavily USDJPY and went from 92% longs at the beginning of the month to 59% currently, they are trying to pick the top of the pullback here in USDJPY which suggests…
USDJPY almost to target there squeezing higher as expected while retails increase their shorts, entry as always was shared with the private network members, if you would like to have more info like the UJ one while following our exact trades with entries and exits contact @JayRally to join the private network, we have opened now 3 seats and 1 has already been booked...
Leaving this here for anybody interested in joining the private group:
https://www.trustpilot.com/review/besomebodyfx.com
https://www.trustpilot.com/review/besomebodyfx.com
BeSomebodyFX
Our EURUSD 2020 prediction, we ran a few different models and all showing the same, very high conviction on this...
This is of course a joke about the current volatility, it's not serious i hope you all get it, stay safe in this environment and please don't follow random signals blindly, understand the analysis behind a trade and try to apply your own too to confirm or deny it, treat this a business and you will be rewarded, respect the markets, respect the volatility and respect your money...
Have a great Sunday everybody and see you later for some analysis
Have a great Sunday everybody and see you later for some analysis