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
We are long NZDCAD again.
Really soft CPI from the US, and...
That feeds into expectations for more disinflation in Canada too.
So?
So the monetary policy divergence sentiment between New Zealand and Canada lights up again.
You know…
RBNZ not looking to cut anytime soon while instead BoC already started cutting rates?
That one.
Target 0.8630
Really soft CPI from the US, and...
That feeds into expectations for more disinflation in Canada too.
So?
So the monetary policy divergence sentiment between New Zealand and Canada lights up again.
You know…
RBNZ not looking to cut anytime soon while instead BoC already started cutting rates?
That one.
Target 0.8630
BeSomebodyFX
We are long NZDCAD again. Really soft CPI from the US, and... That feeds into expectations for more disinflation in Canada too. So? So the monetary policy divergence sentiment between New Zealand and Canada lights up again. You know… RBNZ not looking…
Stopped out on NZDCAD.
Wrong entry timing.
Caught in the fakeout of the highs
Wrong entry timing.
Caught in the fakeout of the highs
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 reminder is always good, just in case.
Have a great weekend everybody
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 reminder is always good, just in case.
Have a great weekend everybody
Patience guys.
Patience is the variable for long term consistency.
DON’T rush into trades.
Go for quality rather than quantity…
Practice patience.
So while we wait for the next solid trade to share here, you can give a read to our latest post on Substack:
besomebodyfx.substack.com
Slightly different one from the usual posts
Patience is the variable for long term consistency.
DON’T rush into trades.
Go for quality rather than quantity…
Practice patience.
So while we wait for the next solid trade to share here, you can give a read to our latest post on Substack:
besomebodyfx.substack.com
Slightly different one from the usual posts
I know, I know.
Another Substack post?
Yes.
But this one is extremely relevant, why?
Because the first presidential debate in the US will take place tomorrow.
And the latest post we published goes into great detail on all you need to know about that.
You can find it on our Substack:
besomebodyfx.substack.com
Solid one
Another Substack post?
Yes.
But this one is extremely relevant, why?
Because the first presidential debate in the US will take place tomorrow.
And the latest post we published goes into great detail on all you need to know about that.
You can find it on our Substack:
besomebodyfx.substack.com
Solid one
Alright guys, July starts today so we just opened a few extra seats to join the Private Network right now…
What's that? In simple, 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 on top of that 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 September
What's that? In simple, 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 on top of that 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 September