Long Gold (+30) Long NZDUSD (+30)
Two small trades yesterday both returning 30 pips, a resurgent dollar took out both trades after they had initially made good progress. I am still interested in long gold but will now wait for another opportunity. Risk assets generally may have a better week than expected, it is possible that USDJPY has turned before the forecast value of 1.08, if that is true then it is quite bullish and I will be looking to sell the Yen against the commodities. The truth is that it is not out of the woods yet and another dip lower is quite possible it has broken the short term trendline suggesting purple wave x may be in place but it needs a daily close above the blue line to confirm
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