G10 FX

Morning,

This week I haven’t entered any new positions yet and still holding all my positions from last week.

Short EURUSD – as you know I have been in this trade from around 1.40 and I was shouting that EURUSD has to be 1.32 for month. Go back and check my CNBC videos. So nothing new to say on this one. Waiting for 1.32 and will then re-evaluate as I have a lot of volume on this one and keep adding when it keeps breaking levels and selling rallies. Last one I added on the 8th when it spiked up to 1.3430. It is still trying to break the 1.3330 level and if it does then it opens a move lower once again as there is nothing there before 1.32

Short Cable – about 100 points onside and waiting for a drop lower for another 60-80 points. I have moved my stop loss here to just above 1.68 though. It goes good as a level and a lot of EMA’s on different time frames come in just under that.

Short EURJPY – pretty much back to the level where I sold it. Euro is dragging this one lower and not really the yen strength. That is a good thing though as the yen strength is still to come into play as a safe heaven with everything going on in the world. The problem is there has been some dollar strength lately and that has taken USDJPY higher and EURJPY followed. I have faith in this pair and as we know once EURJPY gets into a trend it can go for miles. It has almost done 700 points since February already and seems like there is more to go. Will add more volume on rallies.

Short NZDUSD – Just a bit on side, I like it much lower and will stay and see how this one plays out.

If there is a trade that I would be adding this week it is the long USDCAD one. To be honest it is not a bad level to get in now but I haven’t pulled the trigger myself yet.

That is it from me today. Good luck trading.