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EUR/JPY bears have been on a tear lower recently, but the bulls have held their ground to form a classic chart pattern. Will it breakdown soon?
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Buyers took back control of CHF/JPY in the last couple of weeks, enough to push the pair to my adjusted stop and close my trade out for a profit.
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Closed out my USD/CAD long position as the bulls had a tough time cracking a major resistance level and Canada gave us a strong positive economic surprise
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It looks like my CHF/JPY and NZD/USD short plays have been working out well, so now it’s time to adjust my plans to lock in some profits and maximize my gains. Check it out!
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Decided to cut my EUR/CAD short after a snoozefest in April, and my NZD/USD short play needs a slight adjustment ahead of the U.S. jobs report.
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Got another simple technical setup on the longer time frames, this time on NZD/USD that could soon draw in more downside momentum
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With volatility creeping lower every day, decided to step out to the longer time frames and found the uptrend in USD/CAD very interesting.
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CHF/JPY just formed a consolidation break on the daily time frame, so are traders ready to start a fresh leg in the longer-term downtrend?
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Here are a quick couple of updates as the technical argument on NZD/JPY short was quickly invalidated and EUR/CAD retests my area of interest for shorting.
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Kiwi sellers have been taking charge ever since the RBNZ opened up to rate cuts. Is that still enough to push NZD/JPY past support?
Read MoreWinning doesn't always mean being first. Winning means you're doing better than you've ever done before. Blair Bonnie