Gmann's Blog

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USD/JPY

Hello fellow traders,
Sharing a trade I placed:
USD/JPY is overbought and way over the R3 weekly pivot level so I think it is time for a correction and a short postion has been taken, 112.75 stop loss and 111.80 take profit.
Cheers!
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AUD/NZD

Hello!
My first post on the traders blog, hop I can give some insite to my fellow traders on how I trade.
The AUD/NZD pair is overbought in my opinion and I am currently short the pair. I anticipate that the AUD high impact news of Retail m/m sales in a few hours will help accelerate this correction to my Take profit target. If the news is good for the AUD I might exit the position and if it is bad I should make good profit and will look to re-enter a short position on a pullback.
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