SETUP:LET'S MAKE A GOOD START ! 2016 FIRST BIG TRADE!
Updated
Why do some people worry about the possibility of raising interest rates reduced?
Sterling as the best performance in the market for non dollar currencies , we can see Pound strong!
GBP/USD-0.53% didn't react,just because the U.S. dollar was so strong!
Now the Dollar is about to begin the adjustment phase, We will soon see the strong performance of Pound.
(In fact, someone has been one step ahead,in 2015, Hongkong's richest man JiaCheng Li has been configured with a large number of British assets.)
Sterling as the best performance in the market for non dollar currencies , we can see Pound strong!
GBP/USD-0.53% didn't react,just because the U.S. dollar was so strong!
Now the Dollar is about to begin the adjustment phase, We will soon see the strong performance of Pound.
(In fact, someone has been one step ahead,in 2015, Hongkong's richest man JiaCheng Li has been configured with a large number of British assets.)
Note
Supplement : Best way to achieve maximum profit.We judge that the pound will have a rise in 3-6 months,but in view of the performance of the dollar, buy GBP/USD is not the best,because we believe that the dollar's decline would be "very modest".
So we have to find a period of time in the future the worst assets fall, obtain the maximum profit and minimum risk.
First remove NZD&AUD,for them,we already have too many short positions;
Then remove CAD&RUB & SAR, Oil close to a tipping point now,stop a massive contact with these markets;
Maybe GBP/CNY is nice one,but we have to consider the China Central Bank's intervention.
Finally is ZAR&BRL,this is a good choice, although the data shows that there are a large number of short position has been liquidated,but the price of the iron has been falling for three years, there has been no see stop signs of decline,Current Account deficit and decline in GDP, looks like a nice short object!
So,buying GBP/ZAR and GBP/BRL,It is nice choice.
Note
Pound performance is too bad, but in the first week of the new year,we got the 1-4-0-0 pips profit,beautiful start!Order cancelled
Trade active
NEW ORDER
Trade closed: stop reached
HIT STOP -39 PIPS (Pounds Long term weakness,don't trying to buy pounds)Note
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