Thread: Discuss all about FX open

G/U is crazy again today, and G/J follow it.
I long G/J got 100+ pips now, maybe G/J can reach 214.

G/J is in retracement now, i dont know what's positions off the retracement.

Prepair to short G/J tomorrow, there have about 800 pips to short.

Originally Posted by primarylogic

Prepair to short G/J tomorrow, there have about 800 pips to short.

800 pips ? what the based make you are sure ?

Originally Posted by Alizain

800 pips ? what the based make you are sure ?

G/J will start the 5th wave on weekly chart.

E/U will up to 1.58 again next week.

Risk Yourself!

Originally Posted by Alizain

800 pips ? what the based make you are sure ?

It's a probably longer-term trade. Im targeting about 350pips on G/J short. It's going down nicely :) Around 80pips open profit right now.

hmm.. when USD look begin to up again but at USDJPY have difference movement UJ going to down around 60 pips. who have open position at EJ ?

Originally Posted by Alizain

hmm.. when USD look begin to up again but at USDJPY have difference movement UJ going to down around 60 pips. who have open position at EJ ?

I think U/J will be down soon, E/J seems storng continue now.
E/J maybe to test 168.9 of July 2007.

FOMC Preview: Fed Decision Can Have a Big Impact on the US Dollar

The summer doldrums may not last for long with the Federal Reserve interest rate decision right around the corner. Over the past few weeks, many currency pairs including the EUR/USD and GBP/USD have been trading in a range as the market tries to figure out how central banks will respond to the continual rise in inflationary pressures.


Now markets are waiting the announcement of USD Federal Open Market Committee Rate Decision.