Hi all,
Even thought I'm not sure I'll be able to compete in this month's Trader Contest I'll at least give it a try and see how things develop. At the time being I don't have in my mind any clear setup and as such I'll be waiting for a better opportunity. The wise thing is to remain long the dollar and best trades to express that view are short EUR/USD and long USD/JPY however I don't think that there are any clear opportunities to engage in any of those trades at current levels. I'm expecting a pull back on USD/JPY before to enter long.
That's all from my side, wish you all the best in the contest.
Best Regards,
Daytrader21
Even thought I'm not sure I'll be able to compete in this month's Trader Contest I'll at least give it a try and see how things develop. At the time being I don't have in my mind any clear setup and as such I'll be waiting for a better opportunity. The wise thing is to remain long the dollar and best trades to express that view are short EUR/USD and long USD/JPY however I don't think that there are any clear opportunities to engage in any of those trades at current levels. I'm expecting a pull back on USD/JPY before to enter long.
That's all from my side, wish you all the best in the contest.
Best Regards,
Daytrader21