Keep in mind, we got...from Smart Jet

28 Jul 2022, 21:46 · Views 355

Keep in mind, we got a first decent bearish reaction from our “ideal shorting zone” on EURUSD, now purely from a technical point of view we don’t want to see price hanging around the zone for too long, as long as price stays below yesterday’s highs we can stay bearish but if it starts to grind higher deep into the shorting zone we may have to readjust

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Smart Jet

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We are a group of professional traders with many years of experience in all areas of the capital market, and we traded with financial institutions

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Morning traders, with a data dependant FED the data from the US becomes even more important as it will decide the next move at the next rate decision and shape the sentiment heading into it, the first important number for that is the NFP today which we monitor carefully With that TDS is expecting a number below consensus and Goldmans is expecting a number above consensus so mixed reading, but the plan for me is still in favor of USD longs so if we see a strong NFP later we might jump into some Dollar longs right before the weekly close

Smart Jet

‼️AUDUSD update, dipping and holding right into support now so no need to be greedy here as the right reward for staying short is not as good anymore, so taking profit here at market price, we will look to get long the Dollar again over the coming days, EURUSD and GBPUSD seem to be setting up well for some shorts soon‼️

Smart Jet

‼️AUDUSD update, moving stop loss further in profit at 0.66900‼️

Smart Jet

Morning traders, with the CPI everywhere I look I see notes about the likelihood of a strong print, Goldmans is also expecting a number a tiny bit above expectations so we are geared in that direction but obviously when the consensus is geared one way the risk is that the number doesn't meet the already high expectations triggering an unwind of positions So, even if the likelihood is USD strength we don't want to get into the event too long the Dollar, meaning that we will likely adjust the recently added AUDUSD short before the CPI later, then once we see the numbers and the price action around it we can start looking at some medium term direction across the board

Smart Jet

📉EURGBP, cherry picking the entry here which feels a bit pretentious since it’s also near Goldmans stop loss but I think we can get it, I mean, technically price is sitting right at support so a bit of a pullback and squeeze of the late shorts is possible, setting a pending order to short at 0.87800 with target 0.86000 and stop loss 0.88500, 0.5% risk📉

Smart Jet