There is a strong whiff of risk-off sentiment in the air and I think AUD/JPY might be the right pair to trade. I’ve sold the break at 79.60, let’s see how it develops; could turn into a long night!!
where is your stop at?
are the macrofunds in cable the very same ones you mentioned on friday on audusd?
Don’t know that for sure Maji but I suspect yes
Above 8010 to begin with but will change obviously depending on how mkt evolves
Semi-official seen buying eurusd dip… am guesing thats BIS
Macro-funds are the bid hedgefunds, right?
Yes, the big futures-trading funds. Global-macro funds operate in FX, futures and commodities and can use quite a bit of leverage
Sean, I’m in this one with you. Just closed the AUD/USD long. Now ready to short AUD/JPY.
Good luck Jones, I know you like tight stops so I’d try selling at 7975 with s/l above 7995
Yup, I’ve got my pending order at 79.745. Hopefully when we wake up tomorrow, we’ll get to buy that big penthouse.
I’ve also got a pending sell for AUD/USD at 1.01945. See how this one goes.
As you guys aren’t re-developing I might have to buy Al Jones’ place in the Toaster 🙂
I want to signal that one of my most powerfull in-house indicators is showing that the AUDUSD and AUDJPY are turning bearish on a weekly timeframe, PROVIDED that this week we have a closure lower than the open. This usually signals the start of a trend, in other words, bearishness for several weeks to come at least. If we don’t close lower this week, then it will mean the opposite, that is that we are strongly rebounding.
In parallel, the MACD on weekly also shows that we are around 0 for AUDJPY, which also sometimes gives birth to strong trends.
I will be looking to add shorts at the end of the week if we have a red candlestick on weekly for AUDJPY/AUDUSD.
Sorry the MACD is good on AUDUSD, not AUDJPY
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