I like trying NZDCHF higher.
Putting the stop loss a little more than 1 ATR away, we also have a hammer on the daily chart from about 2 weeks ago.
US CPI came out today below expectations, this is a big deal and should help build up the peak inflation narrative which should mean less pressure on the fed to continue such strong hikes. This should mean that stocks rise and we get further risk on, which should weaken CHF and strengthen NZD as it is a risky asset.
correlations are overall higher if we look at the US500 and the DXY which has been moving lower.
not trading/investment advise, feedback welcome!
Putting the stop loss a little more than 1 ATR away, we also have a hammer on the daily chart from about 2 weeks ago.
US CPI came out today below expectations, this is a big deal and should help build up the peak inflation narrative which should mean less pressure on the fed to continue such strong hikes. This should mean that stocks rise and we get further risk on, which should weaken CHF and strengthen NZD as it is a risky asset.
correlations are overall higher if we look at the US500 and the DXY which has been moving lower.
not trading/investment advise, feedback welcome!
Note
taking this out here for 0.72 win
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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.