FX

Some before and after trades taken in Feb 2021

Thread Reader Fawad Razaqzada Follow @Trader_F_R Several #FX trades hit targets for private group. Before/after charts in this thread to show you what we traded, how we managed the risk and what we made. Lots of lessons to be learned, but the key takeaway point is this: trade with the trend. First one: #CADJPY #EURJPY …

Some before and after trades taken in Feb 2021 Read More »

EUR/CHF Resurrection: Advantages of Entering Before Breakout

Waiting to pull the trigger is important under certain conditions, especially when you are not so sure about the directional bias. But if you have a strong conviction about something then why wait? Indeed, you can double up when you are proven right.

Thoughts on EUR/USD at 1.20ish

The EUR/USD has finally dipped back to long-term support around 1.20ish and I see a lot of bearish commentary around it. The bigger picture is still bullish as per the weekly chart, so I will be actively looking to go long on the first sign of a bull signal on the daily or lower time …

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CAD/JPY could follow GBP/JPY lead and break higher

Thanks to ongoing risk-on and reflationary trades, stock and crude oil markets extended their gains on Thursday, while safe-haven Japanese yen and gold sold off. The USD/JPY was among the best USD pairs, while other yen pairs also rallied – most notably, the GBP/JPY thanks to a hawkish Bank of England. Investors are now looking …

CAD/JPY could follow GBP/JPY lead and break higher Read More »

Has GBP/USD cleared the way to 1.40?

The pound could be among the best-performing currencies in 2021 now that a no-deal Brexit has been avoided. With the UK also being among the first countries to roll out the Covid vaccines, I reckon the economy could rebound sharply once lockdowns end. Forward-looking investors are thus likely to buy the dips in the pound. …

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GBP/USD likely heading to 1.40s

The GBP/USD is currently stuck between a hard place and a rock, but I think it will rise further over time. Although right now it is facing resistance due to fears over the economic impact of the latest national lockdown, the downside looks to be limited. I think the cable will be provided stronger support …

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EUR/USD short squeeze imminent?

There hasn’t been much to get excited over in FX over the past couple of days, but with vaccine optimism still the more dominant theme, the US dollar continues to be sold. If the trend continues, the EUR/USD is a candidate to look for long opportunities on, given that most people are bearish on it …

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Post election trades: Why being patient pays

The volatility that has been triggered by the US presidential election has been great for some and nightmare for others. I wanted to share a couple of before and after charts to make a point that being patient always pays. Just because it is the presidential election, you don’t need to jump into trades that …

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USD/CAD set to resume lower?

The USD/CAD may be about to resume its bearish trend, thanks mainly to ongoing weakness or the US dollar and the rebound for crude oil boosting the appeal of the Canadian dollar. More to the point, there was a technical failure for the USD/CAD to hold its breakout above the key 1.32 handle on Thursday: …

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