GBPUSD Long Entry 1.3050 Stop 1.3020 1st Target 1.3080 2nd Target 1.3195
Two separate trades here. First with the first target, second with the 2nd target. Don't move the stop. Weekly/Daily/240= 180 Dial. We can discuss in the clubhouse.
Long GBPJPY 1st Trade Entry 145.42 Stop 145.00 1st Target 145.84
2nd Trade Entry 145.42cStop 145.00 Target 146.95
2 Trades, don't touch your stop. We will discuss in the clubhouse.
CADJPY Short 1st trade Entry 86.19 Stop 86.64 1st Target 85.74
2nd Trade Entry 86.19 Stop 86.64 Target 2 84.45
Two separate trades, don't touch your stop! We will discuss in the clubhouse.
Job growth slows but wages increase. US almost at full working economy. This should be a motivator for 4 rate hikes this year. Two are already priced in a little.
BOC interest rate hike now is speculation due to strong jobs report. January 17th meeting should be interesting. A strong loonie could hurt trade in a negative way though. We shall see...
Fed officials look to continue towards short-term interest hikes this year. Tax cuts & a strengthening economy adds to their decision. A 7-2 vote yesterday during their Minutes Meeting adds to this. Low inflation could get in the way of this, a 2.0 target is desired.
THESE TRADES ARE MEANT TO BE HELD FOR A FEW WEEKS OR MORE...
EURAUD LONG (ENTRY 1.5331/STOP 1.5200/TARGET 1.5625
GBPAUD LONG (ENTRY 1.7251/STOP 1.7075/TARGET 1.7750
AUDNZD LONG (ENTRY 1.0900/STOP 1.0800/TARGET 1.1300
GBPUSD LONG (ENTRY 1.3400/STOP 1.3300/TARGET 1.3650
Yellen to walk away from FED at the end of her term, will not stay on as governor. I still see a weak dollar in the U.S's future. Powell is a bit of a dove and Trump is in favor of a weaker currency.
@ragstwt It’s always different. If it’s long term I️ may leave it. If there’s possible weekend risk I️ may close it. Situation really dictates, nothing is set in stone.
Closed positions for the week, crazy week, up and down,but profitable. I do like this longterm trade.
EURJPY Long (Entry 132.50/Stop 131.90/Target 135.00)
Target is changeable, may look for extended profit.
May Market order it now though, 8 pips off of level.