potential short this week after a good bull run by the AUD if this does not break the 1.085 region then i will be entering short for a target of 1.075 however this bull run may continue after NZ announced no intimidate rate increase by the new governor. a chart to be watching closely this week. tight stops will be applied when and if i enter. happy trading
trade im mainly looking at this week. NZD/JPY my reasons for this trade its sitting in the oversold region, no real pullbacks last week closed below the round number of 78.00 and also rejected the 61.8 fib.
adding to this the events on the weekend in syria the safe haven of the yen should pick up as it always does in events like this also with the us china...
potential to get short on gold next week. after the news regarding north korea abandoning all future missile test can only be good news. this may affect gold to the downside. i wont be entering till im sure watching to see open to see an entry my target would be just above the 1300 level i would be happy claiming 20 points on this.
