Probing China recovery narrative (May 5)Fundamentals & Sentiment
China:
- Good PMI readings
- Overall recovery narrative
USD:
- Bearish sentiment due to latest weak data(Mfg PMI, Labor)
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium term: Down
Long-term: Up
Min target: local highs
Risk: 1.09%