For all the followers that read the month end flows article and went short EURUSD at the open as we suggested, look at this chart and ask yourself where price is likely heading, price is overextended on the day so beware of pullbacks first before the bears take control again to target those stops around 1.07300

As expected, gave us that pullback and bears regained control right after, now beware 1.0780 is a decent support that could support price for a little, any pullback for us will be a chance to add size to our shorts, 1.0730 will be hit this week

For your interest we have stops trailed in profit in this trade at 1.08200 in the Private Network, 1.07800 proving to be strong support indeed and we have recently seen a spike of USD weakness after markets started to price in negative rates for 2021, strongly disagree with that but not fighting the sentiment at the moment, if 1.08200 is hit we exit with our profits and look for entries upon confirmation higher maybe next week

Heads up for anybody ready to trade today's NFP

We expect a number around -25M hence worse than consensus of -21M BUT don't forget this is only a show for the retails, professionals have already made their bucks weeks in advance to the release, the release will be used as liquidity for profit taking, do you want to be liquidity?

Small giveaway quiz, If you score 100 out of 100 in the quiz send a screenshot to @JayRally to claim a juicy gift (not valid for the current Private Network members, the quiz is too easy for you guys 😉)

Results and correct answers with explanations will be shared tomorrow, so far very interesting results and only 3 of you managed to get 100, and please if you still have to take the quiz think twice when you answer the question about the leading indicator...

1.10000 on his way with now the RBNZ officially ready to go negative interest rates before the year end, while the RBA still has NO appeal for negative rates nor for lowering rates to 0%

This is what fundamental trading is all about, anticipating macro changes in monetary policies or geopolitics etc weeks in advance to be well positioned for when the market realizes what's happening, you need to be head of the curve or your are always going to be late to the party

I can't stress enough how important "information" is to be successful in trading. Fundamentals towards Price and positioning will always lead the way.

AUDNZD trend fueled purely by fundamentals, read the original analysis to understand what lies behind the chart

We might open a few extra seats for the Private Network this weekend, keep your notifications on to not miss it, there will be only 2 seats...

Right now, we are heading into some great trading opportunities thanks to the developments on the US China talks front, central banks beginning to give forward guidance and market seeking liquidity…

What this means?

It means those who understand what's happening can both protect their capital, and profit from macro trends.

For this reason we decided to open 2 extra seats for this month for you to join the Private Network where you will be able to follow exactly our trades and access our insights and a community of professional traders.

This extra enrolling will close in 24h, contact @JayRally to join the Private Network, i’m not going to brag about everything we do, you can read our reviews here:

https://www.trustpilot.com/review/besomebodyfx.com

Have a great weekend everybody

Both seats taken, thanks for the interest, next seats will be available in early June

We have taken profit on our AUDNZD trades, expecting a pullback now to form bullish structure to continue the bullish move around the end of the month, sitting on our hands at the moment and waiting patiently for the zone to be reached, once reached we will want to see heavy bids and bullish price action to confirm our entry

We have our eyes on some GBPUSD intraday shorts as today's market sentiment is clearly risk off and favors USD strength while the GBP remains pressure from negative rates chatter, on the chart you can see the kind of price action that we are after, quick spike higher rejected sharply and then enter at the retest of the small support which would turn in resistance

Target hit but no trigger for us here

AUDUSD time to ride the risk on move…

It's all about a vaccine, at the moment the market is not bothering about China tensions and every risk off dip is being bought back on small vaccine positive headlines, there are 10 candidate vaccines in clinical evaluation and 114 candidate vaccines in pre-clinical evaluation, clearly there is a lot of opportunity for more fresh positive news on this subject…

With this said we are looking to buy AUDUSD on dips as retails keep selling and the market looks set to remain optimist on reopenings and vaccine headlines.

Unstoppable, beautiful to see but hard to trade, it's not giving us any entry and it's close to target

AUDUSD hit our targeted liquidity level to the pip, a coincidence? no, the market moves towards big orders and big orders are placed where retail stops are so that there is enough liquidity to fill the entire order without much slippage, now what happens? we likely squeeze lower towards 0.66000 to scare all the late buyers and from there we will re asses the bias depending on how China US relations develop (Trump is expected to announce punitive measures before the end of the week)