China Stimulus As a Bullrun Trigger
Fundamentals & Sentiment
HK50:
- Yesterday's news of 6 trlilion yuan stimulus
USD:
- Risks: pre-elections uncertainty, Middle East tensions, undervalued by market internals and CFTC.
Technical & Other
- Got in 5 minutes after the announcement during the US session; not the best entry technically
HK50:
- Yesterday's news of 6 trlilion yuan stimulus
USD:
- Risks: pre-elections uncertainty, Middle East tensions, undervalued by market internals and CFTC.
Technical & Other
- Got in 5 minutes after the announcement during the US session; not the best entry technically
- Setup: Other
- Setup timeframe: 1h
- Trigger: 5m
- Medium-term: Up
- Long-term: Up
- Min target: Local highs
- Stop loss: 2.37%
- Position size: 1R
Trade active
Unloaded 1/2 during the same US session as it didn't hold after the initial pop higher.Trade closed: stop reached
The stimulus news didn't cause the expected reaction. Should we expect further downside?
I feel I was impatient entering this trade right into the local resistance. The expectations of the kind of previous wild swings screwed up my composure.
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