Time to stop trading the crosses and start selling the USD
The entire market focus in recent months has been on the crosses, buy risk, sell risk, sell the Aussie as China slows down etc etc. After the Bernanke testimony and the Detroit bankruptcy, maybe its time to ignore the crosses and concentrate more on selling the USD?
Personally I feel more comfortable being long AUD/USD near 90 cents rather than being short? Being long cable near 1.50 rather than being short?
Just a thought from a perennial dollar bear 🙂
I agree
Fully agree Sean. Just that euraud is like a constant prick that is ever so ready on the poke on any meaningful rallies for audusd. Looking at the weekly for euraud, the relative massive move up so far seems just a small corrective move back to its historic highs which makes me worry. My question then is on what circumstances then can we have a sustainable rally for aud? Your thoughts? Thanks
Hi Sean,
Thanks for the AUD/USD advice, I will stay quiet today and I will try to get some new trade ideas 😉
Tricky Papillon, I think the sell-USD play is logical just matter of picking pair? Few pros today shoirting USD/CAD but I never touch it so no ideas there. If AUD/USD were to fall to 9050, try buying and increase quickly if support holds?
Hi,Sean, Any thought of AUDCHF? I still hold long position from 0.8560……Thank you!
Looks like the correct position to have Yue https://www.tradingview.com/x/MBOLAOlD/ keep stops below 8500 and maybe even add at 8560 on another dip?? If/when it turns higher then be patient as we could see 8950 ??
Alright, I’ll look to add the long position, Just like I told you, I am a good gambler, hehe……I still hold the long position of AUDUSD from 0.9050, Hope the Aussie could give us more surprise……Thank you for your help, Sean! Have a great weekend！
hi sean,how about gbp usd…i still hold position sell ….there is any chance to correct position?
how about gbp usd….i still hold sell gbp usd???
I’m wrong person to ask Acuk as I’m quite bullish on cable. I think it goes back to test 157 at least. Looks like a 15150/15300 short term range to me but then higher I think.