BeSomebodyFX
We are short EURGBP. Liking the technical lineup here with that fakeout of the highs and the hourly close back below the weekly open. Fundamentally we also have a medium term bearish bias on the pair as inflation in the EU is slowing a lot faster than in…
We have the stop loss at breakeven on the EURGBP shorts now.
The CPI from the UK tomorrow will decide whether this breaks lower towards the target or not
The CPI from the UK tomorrow will decide whether this breaks lower towards the target or not
BeSomebodyFX
The CPI from the UK tomorrow will decide whether this breaks lower towards the target or not
Soft CPI from the UK this morning.
So rest of the EURGBP shorts near breakeven.
If there's a trade that can be defined choppy, this is the one
So rest of the EURGBP shorts near breakeven.
If there's a trade that can be defined choppy, this is the one
Ok guys.
Very straightforwardly if you want to know where the Dollar is most likely heading next, we just published an indepth article about that on Substack, here:
besomebodyfx.substack.com
That’s going to give you a clean read into the most likely long term trends ahead.
Useful to be on the right side of the various fundamental scenarios
Very straightforwardly if you want to know where the Dollar is most likely heading next, we just published an indepth article about that on Substack, here:
besomebodyfx.substack.com
That’s going to give you a clean read into the most likely long term trends ahead.
Useful to be on the right side of the various fundamental scenarios
BeSomebodyFX
Ok guys. Very straightforwardly if you want to know where the Dollar is most likely heading next, we just published an indepth article about that on Substack, here: besomebodyfx.substack.com That’s going to give you a clean read into the most likely long…
Short EURUSD after the latest PPI print from the US is the trade setting up.
The FED needs to stay high for longer with the numbers from the US.
While the ECB can cut anytime with the EU numbers.
Policy divergence there...
Target 1.06
The FED needs to stay high for longer with the numbers from the US.
While the ECB can cut anytime with the EU numbers.
Policy divergence there...
Target 1.06
BeSomebodyFX
Short EURUSD after the latest PPI print from the US is the trade setting up. The FED needs to stay high for longer with the numbers from the US. While the ECB can cut anytime with the EU numbers. Policy divergence there... Target 1.06
Stopped on the EURUSD shorts.
Sometimes the context is right, the technicals are right, the setup is right, all looks right…
But the market just ends up doing its thing.
So yes, even the best looking setups can be proven wrong sometimes.
That’s why risk management and risk reward are ALWAYS important
Sometimes the context is right, the technicals are right, the setup is right, all looks right…
But the market just ends up doing its thing.
So yes, even the best looking setups can be proven wrong sometimes.
That’s why risk management and risk reward are ALWAYS important
BeSomebodyFX
That’s going to give you a clean read into the most likely long term trends ahead.
Keep in mind guys.
The medium term fundamental content for the Dollar is still bullish.
Short term squeezes against the fundamental context are annoying but don’t mistake them for a trend change, they are just…
Squeezes.
Those simply clean stale positionings and mix sentiments up before a fresh trend continuation.
The article attached above explains well what are likely going to be the medium term scenarios for the Dollar ahead.
So keep those in mind to know what the overall trend is going to be
The medium term fundamental content for the Dollar is still bullish.
Short term squeezes against the fundamental context are annoying but don’t mistake them for a trend change, they are just…
Squeezes.
Those simply clean stale positionings and mix sentiments up before a fresh trend continuation.
The article attached above explains well what are likely going to be the medium term scenarios for the Dollar ahead.
So keep those in mind to know what the overall trend is going to be
Insights for the PCE later today for context with a snippet from the Private Network.
The data is likely to print above consensus.
2.9% or above on core.
While general consensus is for 2.8%.
Not a big beat.
But still, should lean the medium term context further in favor of the Dollar
The data is likely to print above consensus.
2.9% or above on core.
While general consensus is for 2.8%.
Not a big beat.
But still, should lean the medium term context further in favor of the Dollar
There it is guys, March has started so 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 May
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 May
Still one of the best articles on fundamentals that you can find out there.
So well worth a share once again for a short but insightful read.
Link above.
Have a great weekend everybody
So well worth a share once again for a short but insightful read.
Link above.
Have a great weekend everybody
BeSomebodyFX
There it is guys, March has started so 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…
Thank you for all the interest as always.
All seats filled during the weekend.
Now it's time to keep an eye on some potential CAD shorts this week around the BoC rate decision.
Will update with a chart and more details if we see something actionable
All seats filled during the weekend.
Now it's time to keep an eye on some potential CAD shorts this week around the BoC rate decision.
Will update with a chart and more details if we see something actionable
BeSomebodyFX
Now it's time to keep an eye on some potential CAD shorts this week around the BoC rate decision.
We are long AUDCAD.
Not expecting a lot from the BoC later, but still...
When we look at Canada’s inflation and wages there’s a clear disinflationary theme going there.
And tho it’s NOT the base case, it wouldn’t be a surprise to see a dovish BoC given their macro context.
Now, between most CAD pairs AUDCAD has the most interesting technical setup.
So that’s a trade.
Target 0.8970
Not expecting a lot from the BoC later, but still...
When we look at Canada’s inflation and wages there’s a clear disinflationary theme going there.
And tho it’s NOT the base case, it wouldn’t be a surprise to see a dovish BoC given their macro context.
Now, between most CAD pairs AUDCAD has the most interesting technical setup.
So that’s a trade.
Target 0.8970
BeSomebodyFX
We are long AUDCAD. Not expecting a lot from the BoC later, but still... When we look at Canada’s inflation and wages there’s a clear disinflationary theme going there. And tho it’s NOT the base case, it wouldn’t be a surprise to see a dovish BoC given…
First part of the move getting done.
We have stop loss at breakeven already
We have stop loss at breakeven already
BeSomebodyFX
We are long AUDCAD. Not expecting a lot from the BoC later, but still... When we look at Canada’s inflation and wages there’s a clear disinflationary theme going there. And tho it’s NOT the base case, it wouldn’t be a surprise to see a dovish BoC given…
Keep in mind.
Canadian data scheduled for later.
We have the stop loss trailed up in profit already
Canadian data scheduled for later.
We have the stop loss trailed up in profit already
BeSomebodyFX
We are long AUDCAD. Not expecting a lot from the BoC later, but still... When we look at Canada’s inflation and wages there’s a clear disinflationary theme going there. And tho it’s NOT the base case, it wouldn’t be a surprise to see a dovish BoC given…
Still running and approaching the full target.
We trailed the stop loss further up in profit.
Have a great weekend everybody
We trailed the stop loss further up in profit.
Have a great weekend everybody