Hi Traders,
a new month of trading ahead. Thought it was a good idea to short the dollar for a little while and so far this strategy has paid even if I took short position a little too early. I also believe the Yen will be under strong pressure as it performed very well last month suggesting some retracement at some point. For these reasons I'm long EURUSD targetting 1.24ish and long EURJPY for 131.40.
We are living in troubles times, difficult to tell what the future will be concerning treasury bonds, fiat currencies or bitcoin. All I can say, is, as always....May the Trend be with you all...
My basket indicator showing Yen as firmly overbought :
a new month of trading ahead. Thought it was a good idea to short the dollar for a little while and so far this strategy has paid even if I took short position a little too early. I also believe the Yen will be under strong pressure as it performed very well last month suggesting some retracement at some point. For these reasons I'm long EURUSD targetting 1.24ish and long EURJPY for 131.40.
We are living in troubles times, difficult to tell what the future will be concerning treasury bonds, fiat currencies or bitcoin. All I can say, is, as always....May the Trend be with you all...
My basket indicator showing Yen as firmly overbought :