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...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.