I haven’t had many Forex trades for the last month or so because they have all been falling simultaneously – their anchors are all bearish and none have them have gotten cheap. Finally the A$ got cheap yesterday while SF stayed rich. That set up a nice odd cross of sorts with a 1:1 weighting.
Globex opened with greater weakness by the SF so I waited for a small recovery – but none came so I never got filled. It looks like I’ve missed it. Here’s why it looked good:
If it recovers in the next 36 hours then I’ll be looking to put it on again.
