Hi Guys,
as you know I am obsessed with inverted (negative) correlations between GOLD vs USD/JPY. Week11 may be the start of one of these moments when their moves are negatively correlated.
However this is not the topic of this idea. The topic of this post is the same as my previous post on Gold. "Common bottoms". And USD/JPY made a "common bottom" in week10 whilst Gold formed one in week9. A week earlier.
For the time being I just wanted to share this info. Let's see how week11 kicks off before making any decisions.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
as you know I am obsessed with inverted (negative) correlations between GOLD vs USD/JPY. Week11 may be the start of one of these moments when their moves are negatively correlated.
However this is not the topic of this idea. The topic of this post is the same as my previous post on Gold. "Common bottoms". And USD/JPY made a "common bottom" in week10 whilst Gold formed one in week9. A week earlier.
For the time being I just wanted to share this info. Let's see how week11 kicks off before making any decisions.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
