Hey guys, not sure if anyone missed me.
I went on a impromptu vacation to Vietnam for a week.
Vietnam is so beautiful, I mean both the beaches and the babes.
I just got back yesterday.
Just in time to watch the FOMC news.
Updates will be more regular from today onwards!
The rate hike happened!
Another 2-3 more rate hikes will happen in 2017.
This means
1. USD will continue to be strong
2. Sell XXX/USD and buy USD/xxx pairs
Execution strategy
For EURUSD, I will now adopt a trending strategy.
I want to see 1.0470 broken downwards, I will short on a pullback
SL will be at 1.0540 and targets will remain open for now.
This could potentially reach parity.
I went on a impromptu vacation to Vietnam for a week.
Vietnam is so beautiful, I mean both the beaches and the babes.
I just got back yesterday.
Just in time to watch the FOMC news.
Updates will be more regular from today onwards!
The rate hike happened!
Another 2-3 more rate hikes will happen in 2017.
This means
1. USD will continue to be strong
2. Sell XXX/USD and buy USD/xxx pairs
Execution strategy
For EURUSD, I will now adopt a trending strategy.
I want to see 1.0470 broken downwards, I will short on a pullback
SL will be at 1.0540 and targets will remain open for now.
This could potentially reach parity.
Note
Updated view on EURUSD.
AB=CD pattern completes 1.0505.
Will initiate my short at that level with stops around 1.0580.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.