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EUR/JPY saw a heck of a move higher since Draghi lit the fire under euro bulls a couple of weeks ago, but is a pullback just ahead?
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Looks like I’ve finally caught a bit of luck with my AUD/CAD short idea, and after a nice move lower, I think it’s time to lock in some profits!
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The breakdown turned out to be a fakeout and my short AUD/NZD position was taken out after an active Asia trading session. Here’s a quick recap.
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Big swing move from CAD/JPY, going from a low 81.00 to nearly reaching 87.00. Is this the beginning of a bigger move higher?
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Comments from European Central Bank President Mario Draghi had the FX pairs hopping today, including CHF/JPY. The market shot well above major resistance to trigger my stop and close me out.
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I didn’t get the pullback I was hoping for but I still believe AUD/NZD has short potential, and the consolidation break could pull in more sellers.
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With major event risk ahead for the Kiwi, I thought it was time to take another look at AUD/NZD. Will the Fibs be a good play on the longer term trend?
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Since throwing CHF/JPY onto the watchlist, the sellers stopped the bulls once again to send the pair lower. Is the latest bounce another chance to join the bears?
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Loonie bulls have been on a tear since last Friday, pushing AUD/CAD down to retest a strong support level. Time for fresh monthly lows to be made?
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After rolling down my stop, it looks like it didn’t take too long for the market to take me out for a profit on my CAD/JPY short. Here’s a quick review.
Read MoreIf a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest.Benjamin Franklin