China Recovery Narrative (May 10)

Fundamentals & Sentiment

China:
- General recovery narrative backed by improving data (PMIs) for the last couple of months
- Latest bigger than the previous Balance of Trade

USD:
- Bearish sentiment

Technical & Other

Setup: TC(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Uptrend
Long-term: Uptrend
Min target: 20000
Risk: 1.2%
Entry: Buy stop

Trade closed manually:

took partial profits; 1/2 at the D low breakout