Long idea.
I have my main chart set up on my other platform, so i have all my reasoning to enter.
Im just showing you where i believe its going.
This is just a free post
I wrote quite a bit about overall trade war sentiment here and in general I still do think that in spite of the influence officials may have on this pair it still may react negatively to trade war sentiment, but probably much more on potential capital flows if tariffs are put back into place.
But the easier way to find a relationship between trade war sentiment...
The short-legged doji today tells us that the in general upward rally has come to an end as the Fed may signal doveishness, but moderate doveishness. IG says clients are net short, but only slightly. It's clear the trend is up, but is Chinese growth picking up again or are we just hoping it picks up again? I'll scalp a three percent short and sleep easy at night.
