NZD JPY long .. As discussed this morning, I feel the environment supports a 'risk on' trade. Today's US data hasn't altered my view.
I'm leaving the USD alone due to being wary of pre NFP profit taking.
Its a 20 pip stop loss with 30 pip profit target. The risk to the trade is negative sentiment or USD liquidity if dollar weakness returns.
I will close the trade before NFP if it's ongoing.
*Arguably the GBP has been a 'catalyst short' opportunity today. But I feel like I'm late to the party on that one.
Please feel free to offer thoughts or questions:
I'm leaving the USD alone due to being wary of pre NFP profit taking.
Its a 20 pip stop loss with 30 pip profit target. The risk to the trade is negative sentiment or USD liquidity if dollar weakness returns.
I will close the trade before NFP if it's ongoing.
*Arguably the GBP has been a 'catalyst short' opportunity today. But I feel like I'm late to the party on that one.
Please feel free to offer thoughts or questions:
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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.