Stop loss is already at breakeven for us.

ECB rate decision later today to keep an eye on

We just took profit on the EURUSD shorts after the US data.

Nothing with the ECB or the US data itself but rather the price action across the board looks and feels like it wants to squeeze some late Dollar bulls.

So just adjusting to that

Yes.

Price action matters.

It’s NOT just fundamentals or technicals.

It’s both.

Both is what gives you the RIGHT context to trade effectively.

Have a great weekend everybody

New educational article just published while we wait for the FOMC.

It’s the shortest but at the same time MOST insightful one we have published so far, for real

We are long AUDNZD.

The RBA meets tonight for their interest rate decision and the market is NOT yet fully convinced of a 25bps hike.

We are, and we expect the RBA to hike 25bps.

So that’s going to give a little boost to AUDNZD.

Not a big one, likely just a small 30 or 40 pips...

But after that, looking for gradual a trend continuation towards 1.10

So, 25bps hike but with a hint of dovish forward guidance from the RBA.

Not the ideal short term scenario, but nothing to take the trade out yet.

Giving AUDNZD a couple more sessions to see if it can trade back above 1.0880.

If it does, that’s a great indication for a resumption higher.

If it doesn’t, we cut the trade early

Stopped out on the AUDNZD longs.

Wait…

We don’t hide losing trades?

No.

Sometimes you catch it right, sometime you don’t.

That’s REAL trading.

So where’s the difference made?

Risk reward

CPI from the US tomorrow.

Not much to expect heading into it.

Will see if we get something interesting after

Literally.

Look at the CPI numbers from earlier today and you will know the overall fundamental direction across the board for the next couple of weeks.

Quite a meaningful print…

And it cements the idea that the FED won’t need to hike any further.

And that matters.

Anyway, with that in mind…

Currently just sitting on some longer term trades with the Private Network.

Will alert about the next medium term trade we take, keep an eye out for it

Guys, we are on Substack too.

Will be posting some interesting trading content there regularly.

And I mean exclusive content that we won’t share anywhere else.

So if you want to follow us there as well…

You can check it right here:

besomebodyfx.substack.com

And yes, you can engage with comments and all that other good stuff that you can do on Substack

Thank you for all the positive feedback on the Substack idea.

It’s great to hear that’s being appreciated.

Thank you.

Now keep an eye out for some potential USD shorts next week…

We already have some longer term Dollar shorts running from earlier this week.

But we will likely soon add some medium term positions to it.

Will alert with a chart and more details when we take action.

Have a great weekend everybody

There it is, a potential long on GBPUSD looks to be setting up this week.

Seasonality is bullish for the pair and overall bearish USD over the next couple of weeks.

The fundamental context strongly suggests further Dollar weakness ahead since the soft CPI.

And Friday printed a solid bullish engulfing on the daily chart.

In other words...

Seasonals, fundamentals, and technicals, all aligned.

And that makes a trade for us

That’s what the fundamental context does.

You know in which direction you should position.

And you also know in which direction you shouldn’t position.

So you can get in the right trades, and at the same time avoid getting stuck in the wrong ones.

Quite an advantage, yes

GBPUSD doing its thing.

No reason to expect the trend to change yet

Guys, just learned that we can unlock a lot of new cool features here.

Like the ability to add stories.

But we need your boosts for that…

The more boosts we get the more stuff we unlock to add even more value

GBPUSD looking a little choppier than before.

But no change in context.

Still expecting higher

Alright guys.

Any crazy Black Friday promo to join the Private Network?

No, but…

We have decided to open just 2 extra seats this Friday.

Only 2, yes.

We are VERY happy with the current team and so we are keeping the seats VERY limited for the public.

So no crazy discount, no crazy offer, but just the opportunity to join a Private Network of institutional macro traders to trade with and learn from.

Here's what traders say about us:

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

So again, 2 extra seats opened now, next ones will be in January.

Contact @JayRally to join right away

Both seats filled.

Thank you for all the interest as always.

Have a great weekend everybody

Guys, remember that we have an official website where you can see our official contact details, official Telegram channel link, and so on…

besomebodyfx.com

There’s also a chat function there so that you can be ABSOLUTELY sure you are talking to us.

So please guys…

Do NOT fall for the average random copycat channel on Telegram pretending to be us.

I know you know that already...

But a reminded is always good, just in case