Alright guys, May has started, interesting FOMC later today, and plenty of solid trade opportunities shaping, 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 July
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 July
BeSomebodyFX
There it is, added some shorter term positions on EURUSD. Expecting a hawkish FOMC tomorrow given how inflation has been behaving in the US. While on top of that… Technically bearish engulfing forming on the daily chart right at higher timeframe resistance.…
Not the FOMC we would have wanted.
Fairly dovish relative to expectations...
So we have closed the short term EURUSD shorts early about halfway to the stop loss.
Longer term context hasn’t changed tho.
Still bearish.
And we still have some longer term shorts going
Fairly dovish relative to expectations...
So we have closed the short term EURUSD shorts early about halfway to the stop loss.
Longer term context hasn’t changed tho.
Still bearish.
And we still have some longer term shorts going
BeSomebodyFX
Alright guys, May has started, interesting FOMC later today, and plenty of solid trade opportunities shaping, 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…
Thank you everybody for all the interest in the Private Network as usual.
All seats filled, next ones in July
All seats filled, next ones in July
By the way guys.
If you haven’t yet, you can follow us on Substack too, here:
besomebodyfx.substack.com
We post some insightful and actionable stuff there too every week.
Have a great weekend everybody
If you haven’t yet, you can follow us on Substack too, here:
besomebodyfx.substack.com
We post some insightful and actionable stuff there too every week.
Have a great weekend everybody
Don't try to trade every single move guys.
Quality over quantity.
Which means...
Patience
Quality over quantity.
Which means...
Patience
Higher timeframe support and resistance.
Higher timeframe price action like engulfing candles and pin bars.
Fundamental context for direction.
And believe it or not…
That’s all you need to get some SOLID trades consistently
Higher timeframe price action like engulfing candles and pin bars.
Fundamental context for direction.
And believe it or not…
That’s all you need to get some SOLID trades consistently
BeSomebodyFX
Higher timeframe support and resistance. Higher timeframe price action like engulfing candles and pin bars. Fundamental context for direction. And believe it or not… That’s all you need to get some SOLID trades consistently
Since many of you are asking.
The snippets above are from The Real Fundamental Analysis.
A book guide about practical Forex fundamentals we recently published, here:
https://besomebodyfx.com/the-real-fundamental-analysis/
Fundamental analysis in a practical and effective form.
NOT just theory
The snippets above are from The Real Fundamental Analysis.
A book guide about practical Forex fundamentals we recently published, here:
https://besomebodyfx.com/the-real-fundamental-analysis/
Fundamental analysis in a practical and effective form.
NOT just theory
We are long NZDCAD.
Softish CPI from Canada yesterday, and hawkish RBNZ meeting overnight.
So the BoC will start cutting rates in June, and the RBNZ is nowhere near that.
Small policy divergence there that should keep NZDCAD in an overall uptrend.
Daily chart also trying to build a bullish engulfing…
Tho NOT fully printed yet, but it seems to be the path anyway.
Target 0.85
Softish CPI from Canada yesterday, and hawkish RBNZ meeting overnight.
So the BoC will start cutting rates in June, and the RBNZ is nowhere near that.
Small policy divergence there that should keep NZDCAD in an overall uptrend.
Daily chart also trying to build a bullish engulfing…
Tho NOT fully printed yet, but it seems to be the path anyway.
Target 0.85
BeSomebodyFX
We are long NZDCAD. Softish CPI from Canada yesterday, and hawkish RBNZ meeting overnight. So the BoC will start cutting rates in June, and the RBNZ is nowhere near that. Small policy divergence there that should keep NZDCAD in an overall uptrend. Daily…
Just a bit more context on the NZDCAD longs from the Private Network.
Solid fundamental trend that should continue heading into the BoC rate decision next week.
A rate cut from the BoC with the RBNZ instead still quite hawkish makes the case for a decent policy divergence
Solid fundamental trend that should continue heading into the BoC rate decision next week.
A rate cut from the BoC with the RBNZ instead still quite hawkish makes the case for a decent policy divergence
BeSomebodyFX
We are long NZDCAD. Softish CPI from Canada yesterday, and hawkish RBNZ meeting overnight. So the BoC will start cutting rates in June, and the RBNZ is nowhere near that. Small policy divergence there that should keep NZDCAD in an overall uptrend. Daily…
NZDCAD still going and trend intact but we have reduced the trade size by half taking some small profits.
Much needed catalyst to get this really going is the BoC next week
Much needed catalyst to get this really going is the BoC next week
BeSomebodyFX
Higher timeframe price action like engulfing candles and pin bars.
Engulfings, yes.
Simple setups but when they are aligned with the fundamental trend they are quite powerful.
The key is in how you define an engulfing exactly.
Because I see many seeing engulfings where there are none…
What do I mean?
Posted a few interesting details on Substack, here:
besomebodyfx.substack.com
Have a great weekend everybody
Simple setups but when they are aligned with the fundamental trend they are quite powerful.
The key is in how you define an engulfing exactly.
Because I see many seeing engulfings where there are none…
What do I mean?
Posted a few interesting details on Substack, here:
besomebodyfx.substack.com
Have a great weekend everybody
BeSomebodyFX
We are long NZDCAD. Softish CPI from Canada yesterday, and hawkish RBNZ meeting overnight. So the BoC will start cutting rates in June, and the RBNZ is nowhere near that. Small policy divergence there that should keep NZDCAD in an overall uptrend. Daily…
First part of the move done on NZDCAD.
Now it’s up to the BoC rate decision on Wednesday.
Stop loss anyway at breakeven
Now it’s up to the BoC rate decision on Wednesday.
Stop loss anyway at breakeven
BeSomebodyFX
We are long NZDCAD. Softish CPI from Canada yesterday, and hawkish RBNZ meeting overnight. So the BoC will start cutting rates in June, and the RBNZ is nowhere near that. Small policy divergence there that should keep NZDCAD in an overall uptrend. Daily…
Alright guys, BoC rate decision today.
Keep in mind…
A rate cut has now been almost fully front run with the CAD weakness we have seen since the start of the week.
So we shouldn’t expect much from the actual announcement.
Could be good enough for 20 to 30 pips of more upside on NZDCAD but after that it can get tricky.
So…
We have trailed the stop loss well in profit and also ready to take profit right after the BoC
Keep in mind…
A rate cut has now been almost fully front run with the CAD weakness we have seen since the start of the week.
So we shouldn’t expect much from the actual announcement.
Could be good enough for 20 to 30 pips of more upside on NZDCAD but after that it can get tricky.
So…
We have trailed the stop loss well in profit and also ready to take profit right after the BoC
BeSomebodyFX
We are long NZDCAD. Softish CPI from Canada yesterday, and hawkish RBNZ meeting overnight. So the BoC will start cutting rates in June, and the RBNZ is nowhere near that. Small policy divergence there that should keep NZDCAD in an overall uptrend. Daily…
Trade done.
25bps cut from the BoC and we just took profit on the NZDCAD longs
25bps cut from the BoC and we just took profit on the NZDCAD longs