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
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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...