Mr Kindalstik @ Macfibo Trader Journal

Trading Discussion Trade Journals
1

Direction/Sentiment :

Yen and USD are probably be supported for safe haven flows (North Korea, political risk) and hawkish stance from the Fed respectively. The weakest currency sentiment wise probably the Sterling due to Brexit jitters.

Trading Plan :

Looking to short GBPJPY and/or GBPUSD at a retest on significant levels.WIll not chase the price, let the price comes to me unless a break of a structure…

GBPUSD = 1.32450, 1.34000 or any significant price structure break after

GBPJPY = 151.00, 151.250 - 151.140.

2

So price went beyond the levels I wanted to short but it went to a better price to short (intraday).

3

Just a note so far.

USD
The dollar is king, market pricing in for more interest rate hikes this year. Trump tax cuts…

GBP
Sterling pressured, but why? Brexit jitters?
EUR
still in QE, no more words on potential QE tapering, Draghi been dovish ish. Effects on German election

JPY
… few days ago Safe Haven flows was happening (North Korea). Risk On is back. Hints for further more stimulus.