Hesitant PBoC and market disappointment
Fundamentals & Sentiment
USD:
- "Wait and see" stance of the Fed
- Few positive data triggers
CNH:
- Not enough positive hard data to support China recovery narrative
- PBoC is ok with some depreciation of Yuan as long as it's gradual.
Technical & Other
Setup: TCB)
Setup timeframe: 4h
Trigger: 4h
Medium term: Sideways
Long-term: Down
Min target:
Risk: 0.28%
USD:
- "Wait and see" stance of the Fed
- Few positive data triggers
CNH:
- Not enough positive hard data to support China recovery narrative
- PBoC is ok with some depreciation of Yuan as long as it's gradual.
Technical & Other
Setup: TCB)
Setup timeframe: 4h
Trigger: 4h
Medium term: Sideways
Long-term: Down
Min target:
Risk: 0.28%
Trade closed manually
Closed 1/2 as the sentiment is risk-on (bad US data contributed) and the pair has closed under DMA(10) on 4h.Trade closed: stop reached
Closed completely at the stop loss
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.
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.