Published On: Mon, May 28th, 2018

Trade View: Seeking breakout in long gold vs euro

InstaForex

Background
Picking up a long gold vs. euro exposure for the Macro Monday book, this is a partial hedge to the USD longs in the book, as well as wanting a bearish skew on euro, with what looks like support from the charts – potential breakout in the making

Management and risk description


Picking up 1x AUM, so in the MM case $ 10m

Parameters

Entry:


1,117.65

Stop:

NAV Trade, a pullback to the 200D of 1088 would lead us to re-assess things 

Target:

$ 1200, depending on the rest of the exposure of USD longs

Time horizon:

2-6m

 Source: Saxo Bank

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