Eur/USD

It will be interesting to see what happens on April 3rd.

 

Is April 3rd... D-Day?

x

 

I am short 3 units of ECM06 at 1.2218, 1.2217, 1.2211. This is a short term play with very tight stops. I am looking for a retracement from today overbought situation. I will move stops to break even very soon. Total risk was 30 pips for the entire trade. I will cover at 1.2180 if we get there.

Regards
Steve

 

I think the probabililty of a retracement from this sharp spike-up is an excellent evaluation.

Good luck, Steve!

x

 

Close shorts at 1.2165

Thinking about going long.

Regards
Steve

 

Essentially. This is the day when Japanese flows go back into the places they all took them out of in the previous month (fiscal year end).

 

Then, it's... J-Day.

Would you say... it's better to buy or sell yen that day?

x

 

Honestly, I think the Japanese will begin to look at high yield currencies again. Or those soon to becoming high yield ones.

NZD/JPY might be a very good play.

 

*flicks up a chart of AUD/NZD*

'scuse me while I look at high yield currencies.

*shrug*

be back later.

*stares at the chart*

let me know when it's April 3rd.

x

 

Yes still short and that analysis was not done by me. I just copied it over.