Last Week’s Two Trade Ideas Yield 484 Pips

By May 21, 2017Uncategorized

Last week’s EURUSD buy trade +276 pips; and USDJPY sell trade +208 pips

Here was last’s week’s post:

TRADE VIEW

  • Bullish JPY
    • Possible “risk off” scenario brewing
      • Dow was down every day last week
      • Nikkei was down on Wed Thurs Fri
      • Dovish statements from UK and NZD Central banks
  • Bearish USD
    • US 10-year bond down 7 basis points on Friday
    • US core CPI drops for the second month in a row
    • Weak and lower than expected US retail sales on Friday
    • President Trump stirring up a lot of controversy
  • Bullish EUR
    • Technical
      • Strong comeback on Friday following a disappointing week

 

TRADE IDEA – Sell USDJPY and Buy EURUSD