In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we see that the flight to safety trade is back for now.
For those of you who saw yesterday’s Daily Trade Watch, we asked ourselves whether the flight to safety trade was back. We can now, definitively answer that question with an absolute YES. As a result, we have seen capital flow from more riskier assets to the normal safe-haven assets. This includes the Japanese yen, Swiss franc and Gold market.
The only caveat which you need to remain mindful of is that the market conditions surrounding yesterday’s move could change at any moment. For example, if the US and China reconcile and agree on a trade deal.
With this in mind, we are looking to see continuation to the downside in the GBPJPY below 138.56 and continuation to the upside above 1287.50 for the Gold market.
Flight to Safety Trade Is Back for Now – Full Video Analysis
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