Fundamentals & Sentiment
ChinaA50:
The pop higher yesterday didn't have any viable reason behind it. The data came out mixed.
Technical & Other
Followed the price action trigger to guess how the market interpreted the data.
USD:
The trade is meant to be very short-term, while USD paired with index shouldn't be that sensitive to forex volatility. Hence, the risk of the BoJ intervention is reduced.
Setup: TR(B)
Setup timeframe: 1h
Trigger: 15mh
Medium-term: Sideways
Long-term: Uptrend
Min target: range highs
Risk: 0.86% (<0.5R)
Entry: Market
ChinaA50:
The pop higher yesterday didn't have any viable reason behind it. The data came out mixed.
Technical & Other
Followed the price action trigger to guess how the market interpreted the data.
USD:
The trade is meant to be very short-term, while USD paired with index shouldn't be that sensitive to forex volatility. Hence, the risk of the BoJ intervention is reduced.
Setup: TR(B)
Setup timeframe: 1h
Trigger: 15mh
Medium-term: Sideways
Long-term: Uptrend
Min target: range highs
Risk: 0.86% (<0.5R)
Entry: Market
Trade closed: stop reached:
Didn't expect another pop higher like that - there's an underlying strength in this index. The market seems like getting ready for a breakout on daily...
