Trading Plan for 05.10.2017

*Good morning/afternoon everyone!*

EUR, USDJPY are on the back foot this morning while AUD, NZD and GBP trade higher. The strength of NZD and GBP stems primarily from the market’s expectations for the RBNZ and BoE, who have monetary policy announcements in the next 24 hours. The rest of the majors are trading with a heavy bias after North Korea announced plans for another nuclear test. We know that President Trump has his eye on NK and could be provoked into a response or at minimum, some harsh words. Yields are down across the board, reflecting the nervousness of investors. We finally have some US data today but import and export prices are hardly market moving.

*The MAIN THEMES I see today are*

NZD, AUD, GBP strength
USDJPY weakness, JPY strength

*Currencies we plan on day trading and the direction*
*These could change during the day, but for now

We will be trading around these themes --

+NZD
+GBP
-USDJPY

*Trading Biases*
These will change after US data

-EUR,-USD
+GBP, +AUD, +NZD,+CAD,+JPY
neutral CHF

:triangular_flag_on_post: *Starting Trades*

OPENED AT MARKET AUDNZD Sell
ENTRY -- 1.06371
STOP -- 1.06871
TAKE PROFIT -- 1.06071

OPENED AT MARKET EURJPY Sell
ENTRY -- 123.868
STOP -- 124.368
TAKE PROFIT -- 123.568

NZDCHF Buy-limit 0.69650
STOP 0.69150
TAKE PROFIT 0.69850

NEW ORDER PENDING
EURGBP Sell-limit 0.84000
STOP 0.84500
TAKE PROFIT 0.83700

Swing

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