Try USD/CAD. Behave more or less the same way, only the trend as been stronger for CAD. STRONG floor at 1.19 though be careful. Or just short USD on every damn currency pair you have access to. It worked nicely so far
We've stayed in this limbo range of around 1.2900 and below 1.30 for a week now (only with brief passing above), and tonight I do not see the same setup as last night. I do think this is a type of consolidation that would be benefitial to the â¬, but at the same thing other parameters as the oil price does move, so there is no denying that a retracement could come at some point soon. It's anyone's guess when and from what level. I'm not into trading on guessing alone. I don't have a good enough system for that. At least we get some numbers tomorrow, and do they really matter ? Not more than any number we've already seen of late. So when will it matter ? That's probably up to the ⬠and the strong following it has in the wake of shorting the US$. I'm a bit annoyed that we did not see any good setups becoming clear after the TIC data was released. If they had been significantly below $ 50 bn I think we would have rocketed outta here, but we didn't get that excuse - so let's wait for another chance. While we're waiting - fear, uncertainty and doubt set in on the back of news reports and comments. So there are opportunities in the short term for everyone.
Just hit a little entry here for a little test position with tight stops and a little better downside profits expected.
I've been short from 70s--ended up pushing the stop up and luckily avoided the spike by 2 ticks. I can't believe it weaseled its way back up to 1.3 so soon.
Is the lid about to pop?? edit: The risk/reward for shorting now really is very tempting. Maybe a small position with a tighttttttttt stop..... I couldn't resist
Possible. But most likely it'll be pop and flop back. I parked my stop for my short at 1.3010 and staying away from this grind. Do you have an open position?
Well, John Snow's new strong dollar tactic seems to be to try to put traders to sleep...could a speech possibly be more boring?