When uncertain, run to safe haven assets

2020年1月25日

YEN , Gold , CHF ,etc are traditionally termed as safe haven assets. And at times of uncertainty where the impact of the Coronavirus and extent of its damage is largely unknown, investors and traders will rush to protect themselves.

As you can see from chart, after hitting a peak of 110, it too like the SPX500 decides to take a U turn and heads south.

Again, note that the day chart is still bullish and it is only the smaller time frame showing bearish signals. So, if you want to short, ensure you have a clear strategy, employ strict SL measures to protect yourself.

Trade safely and GBU

2020年1月27日

ノート

congrats to those who followed, a gap down reaching our first target already!

2020年1月28日

ノート

we have taken profits from our shorts and just turn long

2020年2月3日

ノート

so we got a break even trade, profits made from shorts to cover the long, sigh.... one of those days.

now that it is below the bullish trend line , we are shorting again.

2020年2月19日

ノート

What a 360 degree change this pair offers !!! That is why I stress the importance of not going against the main trend, bullish in this pair and see how strong the pull back is.Congrats to those who longed at 108.64