Shorting EURJPY here. Price has rejected resistance and therefore could continue to meet the previous lows. The Euro is weak at the moment and has lots of factors affecting it such as brexit, Covid-19 and many countries going back into lockdown.
Taking a short position on EURNZD here mostly from a technical angle. We broke out the bottom of the descending channel and are now testing a long term strong supply/demand level. If we break this we should see price continue down to the next long term support at TP.
Taken a long here on GBPJPY. Yesterday news of a vaccine caused people to dump save havens such as Gold and JPY, potentially weighing towards more risk-on currencies such as GBP. This being the case GBPJPY could continue up further. Technically price does seem to want to continue up to previous highs.
Bought around this area for a continuation of the descending channel. Made profits from shorting during the week and now turning short term bullish as buy order should get filled around here. Smaller risk used on this as i have ‘bought aggressively’ at the bottom of the channel rather than after confirmation.
Trade already entered and in great profit. I believe gold can go much higher as we have broken out of a long term descending triangle to the upside and also with the dollars current weakness and uncertainty this should be a driving force.