Position and Buying NZD/USD at market [last 0.6740]

5 April 2019/8:13 a.m. ET
Position and Buying NZD/USD at market [last 0.6740]

Actions:

  • Exited long USD/JPY with 94 pips profit

Aussiehas tested the near-term swing high at 0.7130 five times over the past five days, and it looks oversold.  So a push higher into alt (b) territory near 0.7260 would no surprise.  

040519 aud d.png

Accordingly we are hedging this with a long position in NZD/USD...

Entry:Buying NZD/USD at market [last 0.6740]
Stop: Sell @ 0.6695
Target 1: Sell @ 0.6811
Target 2: Sell @ 0.6894

Due out today  US Non-Farm Payroll...

Update & Selling GBP/USD at market [last 1.3049]

Update & Selling GBP/USD at market [last 1.3049]

31 March 2019/5:06 p.m. ET

Positioning and track posted this morning.

Actions:

Stopped out of remaining short GBP/USD at break even entry

Stopped out of USD/CAD long with a loss of 37 pips

Entered long EUR/USD

We just got dinged out of short GBP/USD on Friday morning. I think it makes sense to be short the pound still. The chance for a massive break on continued chaos from Brexit seems a decent probability.

Entry: Sell 1/2 position GBP/USD @ market

Risk: Buy @ 1.3175

Target: Buy @ 1.1750