NZDJPY - SHORT; Much worse than it looks
With all the excess "liquidity" force down everyone's throat, the world over, this carry trade is no exception. This pair can move 10k pips in a heartbeat when 'it' hits the fan (which ought to be sooner than later). On the long run (full cycle) the NZD is not worth 50 yen! (It is actually much closer to 30, after all is said and done.) With a "live" BoJ meeting expected at the end of this month, all these trades could kick into high gear (trap door), in an instant.
Trade attivo
SHORT
Trade attivo
No point starting a separate thread for the AUDJPY alone, it and the NZD being reasonably correlated;Economic data coming out of China is on a solid downward trajectory, with future liquidity now starting to be brought into question.
Good R/R for a SHORT entry here.
Nota
Good start here with the AUDJPY;Target: 94.00
Trade chiuso: obiettivo raggiunto
Boom!!FLAT for +250 pips.
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