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:
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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
Fair enough, 1.20 and 1.19500 not this week but...
There are 8 ECB speakers today, a few already spoke and overall the governing council mood is:
"Yes we monitor the EUR but don't want to start a currency war with Trump"
The message is clear enough, as long as EURUSD doesn't extend too much above 1.20 the ECB is "cool" about it. With this said the previously noted targets for this week are at the moment not realistic but very realistic over the medium short term, on the chart above you can see our "cheap" buying zone where we will look to enter long, yesterday after the ECB we sent a plan to the Private Network members to buy the pullback at 1.18300 (range mean) but we didn't execute it today since we have already some USD short exposure in another pair.
Anyway in the chart above you can see part of our plan, full thought process, and exact entries and exits will be sent to the Private Network as always
There are 8 ECB speakers today, a few already spoke and overall the governing council mood is:
"Yes we monitor the EUR but don't want to start a currency war with Trump"
The message is clear enough, as long as EURUSD doesn't extend too much above 1.20 the ECB is "cool" about it. With this said the previously noted targets for this week are at the moment not realistic but very realistic over the medium short term, on the chart above you can see our "cheap" buying zone where we will look to enter long, yesterday after the ECB we sent a plan to the Private Network members to buy the pullback at 1.18300 (range mean) but we didn't execute it today since we have already some USD short exposure in another pair.
Anyway in the chart above you can see part of our plan, full thought process, and exact entries and exits will be sent to the Private Network as always
Oh and by the way, if you have been waiting for a spot in the Private Network we have just opened 2 extra seats (we are working on something BIG for the Network members so these will likely be the last seats at the current price), text "I WANT TO JOIN" @JayRally
Trustpilot reviews:
https://www.trustpilot.com/review/besomebodyfx.com
Trustpilot reviews:
https://www.trustpilot.com/review/besomebodyfx.com
https://besomebodyfx.com/quiz3/
Not valid for the current members, this quiz is way too easy for you guys 😉
Not valid for the current members, this quiz is way too easy for you guys 😉
BeSomebodyFX
Quiz | BeSomebodyFX
Giveaway quiz on trading fundamentals, the first scoring 100 wins a free month in the Private Network, this one is probably the easiest we have prepared so far...
BeSomebodyFX
https://besomebodyfx.com/quiz3/ Not valid for the current members, this quiz is way too easy for you guys 😉
Definitely way too easy, we have a winner, but feel free to do the quiz anyway if you haven't yet, we are going to give detailed explanations of the correct answers tomorrow so that will be educational
AUDUSD to catch up with CHNUSD...
Expecting AUDUSD to expand further to the upside as Victoria is easing lockdown measures and data is pointing out to positive developments on the COVID front, China during the night announced that they may have a vaccine ready for the Chinese by November, and Chinese retail sales showed growth for the first time since the lockdown.
But why does this matter with the AUD?
China and Australia are trade partners, what's good for one is good for the other, indeed you can see the correlation between AUD and CNH in the chart above, and the AUD is slightly lagging the CNH so there is further upside potential up to 0.74000
We are comfortably sitting long from 0.72500 with stop loss at brakeven in the Private Network, oh and the cherry on the cake is that retails are heavily selling today as you can see from the bubble chart.
To put it simple, expect further upside on AUDUSD but keep in mind that we will de risk before tomorrows FOMC meeting
Expecting AUDUSD to expand further to the upside as Victoria is easing lockdown measures and data is pointing out to positive developments on the COVID front, China during the night announced that they may have a vaccine ready for the Chinese by November, and Chinese retail sales showed growth for the first time since the lockdown.
But why does this matter with the AUD?
China and Australia are trade partners, what's good for one is good for the other, indeed you can see the correlation between AUD and CNH in the chart above, and the AUD is slightly lagging the CNH so there is further upside potential up to 0.74000
We are comfortably sitting long from 0.72500 with stop loss at brakeven in the Private Network, oh and the cherry on the cake is that retails are heavily selling today as you can see from the bubble chart.
To put it simple, expect further upside on AUDUSD but keep in mind that we will de risk before tomorrows FOMC meeting
BeSomebodyFX
AUDUSD to catch up with CHNUSD... Expecting AUDUSD to expand further to the upside as Victoria is easing lockdown measures and data is pointing out to positive developments on the COVID front, China during the night announced that they may have a vaccine…
Same story, different day...
AUDUSD jumped 40 pips from yesterday's analysis but it's back to 0.7310, same story here, still expecting upside here, it's just choppier than expected but understandably so since we have the FOMC meeting today.
As noted yesterday we are comfortably long from 0.7350 in the Private Network with stop loss at breakeven and we will de risk heading into today's FOMC meeting.
Like yesterday there is some upside to catch here, the intraday traders can target 0.7350 which is where sellers liquidity is resting, swing traders like us will have to deal with the choppiness and patiently hold
AUDUSD jumped 40 pips from yesterday's analysis but it's back to 0.7310, same story here, still expecting upside here, it's just choppier than expected but understandably so since we have the FOMC meeting today.
As noted yesterday we are comfortably long from 0.7350 in the Private Network with stop loss at breakeven and we will de risk heading into today's FOMC meeting.
Like yesterday there is some upside to catch here, the intraday traders can target 0.7350 which is where sellers liquidity is resting, swing traders like us will have to deal with the choppiness and patiently hold
BeSomebodyFX
Same story, different day... AUDUSD jumped 40 pips from yesterday's analysis but it's back to 0.7310, same story here, still expecting upside here, it's just choppier than expected but understandably so since we have the FOMC meeting today. As noted yesterday…
Another day another push but the FOMC in a few minutes will likely be a two side business so expect some heavy chop, looking at CNH strength i would expect AUDUSD to reach 0.74000 next but we have de risked ahead of Powell and not looking to do anything before he speaks
AUDUSD possibly aiming again for that 0.73500
Sellers stop losses are resting there so i wouldn't be surprised to see that being hit and the squeeze lower again, we could remain in these choppy conditions until the elections so make sure you know how to adapt.
This is where short term traders benefit the most if they know what to do
Sellers stop losses are resting there so i wouldn't be surprised to see that being hit and the squeeze lower again, we could remain in these choppy conditions until the elections so make sure you know how to adapt.
This is where short term traders benefit the most if they know what to do