Short term hawkish sentiment bet on the euro
Updated
Fundamentals
EUR: Hawkish rhetoric from the ECB and rates pricing in a 95% chance of raising rates is an appropriate sentiment environment for the short-term long.
USD: Lower than expected inflation release yesterday can be a trigger for the euro surge in the short-term.
Technical & other
Setup: S(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Range
Min. Target: MA(50)
*Get out if the position isn't in profit before the Fed rate decision. If it is, tighten the stops and consider holding through the decision.
EUR: Hawkish rhetoric from the ECB and rates pricing in a 95% chance of raising rates is an appropriate sentiment environment for the short-term long.
USD: Lower than expected inflation release yesterday can be a trigger for the euro surge in the short-term.
Technical & other
Setup: S(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Range
Min. Target: MA(50)
*Get out if the position isn't in profit before the Fed rate decision. If it is, tighten the stops and consider holding through the decision.
Trade active
Sold 1/2; planning to let another half run through the decision with the stop at the breakevenTrade closed: stop reached
1/2
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