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At the start of the week, JPY strengthened considerably, opposite of weak USD, as if switching places.
However, it's still within the range of a normal pullback.
The 10 day currency strength now have AUD as the strongest. Next one is GBP
I'm now looking at the AUD and GBP for opportunity for long and JPY to short. USD might be a good candidate to short if it remains weak.
"If I trade only setups I will continue to struggle, but if I trade my thesis I be successful" - Inletcap
Can you help answer these questions from other members on NexusFi?
looking at AUDCAD for opportunity for long. AUD is strong and CAD starts getting weaker.
AUDCAD has tested down and just pushed above last week's high. Volume is building currently at the high, making it a weak high
"If I trade only setups I will continue to struggle, but if I trade my thesis I be successful" - Inletcap
Scale in of 1 unit for AUDCAD triggered at 1.0066
Total of 2 unit
AUDJPY is still at 1 unit. I wanted to scale another one but price did not do any dip and if I were to add, it would still be around the same price area. How do you guys execute your scale in strategy? I'm looking to improve mine.
"If I trade only setups I will continue to struggle, but if I trade my thesis I be successful" - Inletcap
