AUD,NZD/Others/Trade Ideas

Cable: Fresh longs in play

I’m starting very small with this pair but the strength in the crosses suggests that trading cable from the long side is the way to go. I have only a small position to start with here at 1.5280 and have no stop-loss or profit targets just yet.

I sold out of my AUD/USD purchases at break-even overnight which leaves me with my core long positions in EUR/AUD and USD/CHF. My profit targets there are roughly 1.3500 and 1.0250 respectively.

  1. Hi Sean, SNB Zuerbruegg said yesterday in french newspaper Hebdo that SNB is concerned about big rise in property prices in Switzarland ( specialy Zurich and Geneva) caused by low rates. So Probably sweesies wont ease mon pol anymore….Dont you think may be is the right time to reassess CHF potential to fall?…

  2. Hi Ramiro, I think the big story is the ultra long-term safe haven plays built up in Swiss assets over the last 5 years through the GFC, EZ crisis etc. If/when they start to unwind then we see big CHF fall and that’s what I’m betting on. I might be wrong, been wrong many times before 🙂

  3. I know that’s basically what I’m doing but I still treat the positions differently. It’s sort of hard to explain what goes on in my head but I have large-ish positions in EUR/AUD and USD/CHF which I’m now comfortable with and know the levels well. I have built these over months so I’m confident that I will know when they turn. Cable I’m not 100% sure on correct levels so I start small. So I only have small partial GBP/CHF if that makes sense

    1. I am glad to welcome you, Sean! Excellent site, congratulations! I see a deeper drop pounds in the next month, maybe a little more, with the aim of 1.45, I wanted to add the sale of 1.5318/23. I wish success to you, Sean!

  4. I am glad to welcome you, Sean! Excellent site, congratulations! I see a deeper drop pounds in the next month, maybe a little more, with the aim of 1.45, I wanted to add the sale of 1.5318/23. I wish success to you, Sean!

Leave a Reply

Your email address will not be published. Required fields are marked *