Open/Wrap

Very quiet ranges today in Asia

Chinese markets are closed until Thursday and Japan is open, albeit many players are taking this week off due to the public holidays. Add all of this together with the central bank meetings later in the week, and you have a recipe for doing nothing. Which is exactly what happened today in Asia.

All of the major pairs have traded quietly in 20 pip ranges and are still at NY closing levels.

  1. Good evening Sean,

    Thanks for the reply. I agree with you on the market noise, that remind me one trade, two months ago on EUR/USD. My stops have been triggered. I removed my stop from 9345 to 9295 to avoid this issue. Currently, I prefer learn on the building strategy to increase this skill. What do you think with this stop ? This cross (USD/CHF) follows EUR/USD what is your range in m/t, I guess [1.3300/1.2950] ?

  2. Hi, Sean, Thank you very much for sharing your AUDUSD and NZDUSD idea! Now how to build position of GBPUSD is better? Buy dips at current level or sell rally against 1.5605? Thank you!

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