GBP & JPY => GJ with simple indices
As momentum of JPY and GBP both appear to be directed to the upside and strong, it would feel quite certain to take a short position on GJ wjhen JPY clearly takes the lead on chart of currency strength indices.
However CAD & USD collective selling pressure is lurking and may unexpectedly overpower JPY buying power in the strongest triangle of world economies and cause the three USD, JPY & CAD to flash crash. Then GJ will suddenly turn from a Long to a (fast and big) Short.
Both JPY and CAD send this effect onwards to their respective pairs and trading them should add extra care monitoring the three majors for a possible crash anytime soon.
However CAD & USD collective selling pressure is lurking and may unexpectedly overpower JPY buying power in the strongest triangle of world economies and cause the three USD, JPY & CAD to flash crash. Then GJ will suddenly turn from a Long to a (fast and big) Short.
Both JPY and CAD send this effect onwards to their respective pairs and trading them should add extra care monitoring the three majors for a possible crash anytime soon.
Note
One more upside bump I reckon before the big shortNote
USD bulls saving USD from falling in a very timely matter. Someone with concerns and the capacity on geographic scale I seems..Trade fermée: cible de profit atteinte
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.