I entered a short position on the Nikkei225 index.
These are the key economic factors and how they impact this trade idea, be it positively or negatively I will give each factor a rating, if the rating is 0, then this factor does not help our position, if it is 1 and above it supports our trade.
Economy
1. Inflation(CPI) We have seen a cooldown in inflation to...
From my analysis(excluding fundamentals, as they can change over time) I have found quite a good place to enter long positions if Silver has a pullback. We may expect a pullback because Silver is at a price which had a history of being rejected. So maybe this will be a great trading opportunity, I have mapped out a possible entry with an RR of 4. But remember that...
From my point of view and understanding of the market I suppose that EURUSD may reverse from this level, I think that this downtrend that we are in is just a slight correction and we may experience a continuation of the trend.
AUDUSD may be experiencing a reversal in price soon, since November 2023 we have started to experience a reversal of direction we have become more bullish, recently we had a big pump-up in price which may suggest a more aggressive approach from the buyers. On the fundamental side, we have seen a drop in unemployment which will correspond with a stronger currency.
