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USDJPY Short Swing Trade IdeaUSDJPY -------------------------------------------------------------------------------------------------------------------- Last week, we bought USDJPY and this morning we smashed TP hard. Now is the time to start thinking about selling JPY pairs, we already have AUDJPY set for a sell, now we look to other JPY pairs. Since we are thought of AJ sell, think of NJ sell at the same time because of their close correlation in currencies. Reason being, big banks and hedge funds have now gotten a chance to put in more sell orders and this will now induce strong bearish pressure for JPY pairs. As well we are seeing investors go to JPY as safe haven because of other economies being weak at this time. Again, piggybacking off of previous USDJPY post. We are gearing for a big drop. Sell @ Market execution SL: 30 pips TP: 280 pips Apply proper risk management because this will not smash out pips as quickly as GOLD did. Til we meet again beloved!
Short
by ricky1270
Pending Buy order on EURNZDUpdate from previous post. I’m euro 0.09%bullish mostly because it has been one of the top-performing currencies in the past weeks, likely drawing most of the safe-haven gains away from the shaky dollar. To top it off, anticipation for an ECB hike continues to keep the shared currency supported. On the flip side, the Kiwi is on weak footing owing to the RBNZ’s more downbeat stance shared in their latest statement. Trade jitters are making things worse, along with bouts of risk aversion stemming from emerging market troubles. I am looking for opportunities to go long, there is a chance that price may break down to the closest phycological level at 1.76 and as long as this holds we can look for entering longs, if this fails to act as support we can see price break lower to the 1.75/1.74 regions and testing the channel support, the only problem is that price is barely showing any signs of retracing for now, but I shall stay patient.
Long
by Ironclad_Investments