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Forex Analysis
samruddhiDate: Friday, 05.Jul.2019, 4:18 PM | Message # 76
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Probability of HEAD AND SHOULDER on GBP/USD daily.

[ 171.76.98.93 (IN) ]



G/U didn't form right shoulder and fell quite far. No opportunity.

New trade opportunity: News trader can go short at +ve NFP.
If NFP comes -ve, no opportunity in G/U.
 
samruddhiDate: Friday, 05.Jul.2019, 5:10 PM | Message # 77
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1. Stronger NFP will cause USD>GBP>CHF>AUD=NZD>EUR>CAD=JPY
2. Weaker NFP will cause EUR>CHF>JPY=GBP>CAD=AUD=NZD>USD
3. Insignificant NFP will cause same effect as 2.

Insignificant NFP: (a) deviation of NFP's actual data from forecast is less than or equal to 15K. (b) if NFP is +ve but unemployment rate increases or vice versa (conflict in NFP and unemployment rate).


CAD will be more effected by the employment data scheduled to be released from Canada at the same time. Its effect will fade the effect of NFP on USD/CAD.
 
12luckyanand12Date: Friday, 05.Jul.2019, 6:29 PM | Message # 78
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USD up across all pairs
EUR up across all pairs wacko
 
corpo30Date: Friday, 05.Jul.2019, 6:32 PM | Message # 79
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Quote 12luckyanand12 ()
USD up across all pairs
EUR up across all pairs wacko


Wait for an hour, EUR will be up against USD too.
 
samruddhiDate: Wednesday, 10.Jul.2019, 9:54 PM | Message # 80
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Worried about FOMC?

1. NZD proved to be the strongest currency in recent days and shown a recovery, corrected downward against USD and continued uptrend right from Fib 61.8 at D1.
2. Canada today clearly send it dovish report and BOC's Poloz remained dovish in press conference.
3. JPY is all time strong in recent month as a safe heaven currency.
Plan: buying strongest currencies (NZD and JPY) against the weakest CAD.
Trade plan post News from Canada was:   replace both positions of USD/CAD  by NZD/CAD and CAD/JPY before FOMC if pending orders gets filled.
NZD/CAD has been filled
waiting for CAD/JPY
Total lot (NZD/CAD + CAD/JPY) < total of USDCADs but profit will still be the same or even bigger. This is how we are riding CAD without decreasing profitability and we are decreasing risk.
In event, FOMC sends dovish message to market; CAD will be the least impacted currency. USD/CAD will come back upward after a day following downward move caused by dovish FOMC. But this is how it may stagnate , that's why NZD/CAD and CAD/JPY are gonna be traded to give us the intended profit for which USD/CAD was entered and held.
If pending CAD/JPY will not be filled, we will keep one position of USD/CAD in order to stay on the same plan, despite we know that USD/CAD will stagnate in case of dovish FOMC.
If FOMC does not give dovish message to market, JPY will get weaker for few days and will help us get our cad/jpy filled. As well, USD/CAD will rise. In this scenario, USD/CAD will be closed in profit by the time CAD/JPY gets filled (±3 hours).
Thus I shared the plan for before FOMC , after dovish FOMC and after neutral FOMC as hawkish is not on the table.
We at KeonConsultancy.com always follow plan the trade and trade the plan principle and impose same on other traders.
 
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