After this bearish impulse, it is likely that if the entry level is taken out we may see further downside. The EW count suggests the same. Also, with the inauguration occurring today, there is a possibility for a "risk off" economic environment to take the reigns which would mean a drop in riskier currencies like the kiwi and a rise in the safer yen. Cheers
Trade active
Active, Trump speech has sparked risk-off environment thus far. CheersNote
Since this is a risk-off position and it is moving in my favor I am leaving it open over the weekend. Cheers all, have a great one!Note
Trade moving steadily in favor of the short. +30 pips. SL Moved to B/E. CheersTrade closed: target reached
+46 Pips
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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.