I just shorted NZD/USD @ .8025, with a .7839 target, and a .8042 stop.
Thesis: NFP numbers can be fudged for politcal purposes, and a positive surprise there would mean a higher US$.
P.S.: Couple the above thesis with SLV's doji & hyper-extended RSI, and we may have a shorting bonanza.
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Comments
im not a big fan of leveraged trades made on macro econ.
its great if they are part of a supporting thesis, but i continue to see small traders with the inability to have large enough stops to withstand FX/commodity trades that go against them.
unless it never goes against them...
Sorry a/b your trade. I was afraid NFP would miss due to college kids returning to school [seasonal] and then again you've got Draghi AND China stimulus [major risk on]. Like swimming against the current. Hope you flipped it and went with the big move up. Me thinks it keeps going