Fading unreasonable spikes in risk
Fundamentals
AUD: Economic slowdown in China and issues in the real estate sector drag risk assets in the region down, including Australian ones.
USD: "Higher rates for longer narrative"
Technical & other
Setup: TC(RTF)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Down
Min target: Aug lows
Risk: 0.36%; 2 parts: 1st one - sell limit
AUD: Economic slowdown in China and issues in the real estate sector drag risk assets in the region down, including Australian ones.
USD: "Higher rates for longer narrative"
Technical & other
Setup: TC(RTF)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Down
Min target: Aug lows
Risk: 0.36%; 2 parts: 1st one - sell limit
Trade closed: stop reached:
USD tanked on missed S&P Global US Services PMI and other S&P metrics. I should've trailed stops to the breakeven before the release.