Market Sentiment: The introduction of DeepSeek yesterday led to a loss almost a 1Trillion in the tech industry, which might lead to investments in the dollar as a safe haven. Surprisingly today the tech stocks like nvidia, nasdaq have been recovering today. This might mean it was not exactly a panic sell off but we'll be monitoring the other news releases.
Recent Movement: Yesterday (Monday) pushed higher due to the DeepSeek selloff.
Asian Session: Lows have been swept, indicating potential bullish momentum.
Correlation: EUR/USD is positively correlated and has come back to the POI BISI, which was not balanced yesterday.
SMT Divergence: The pair has formed an SMT divergence (lower low on EUR/USD, higher high on GBP/USD).
Entry: @1.24444
Targets: Looking to long GBP/USD targeting Asia's high and ultimately Monday's high.
NB: Every trade is a probability so following the trading plan and a sound risk management will protect your mental capital whether you win or lose.
Recent Movement: Yesterday (Monday) pushed higher due to the DeepSeek selloff.
Asian Session: Lows have been swept, indicating potential bullish momentum.
Correlation: EUR/USD is positively correlated and has come back to the POI BISI, which was not balanced yesterday.
SMT Divergence: The pair has formed an SMT divergence (lower low on EUR/USD, higher high on GBP/USD).
Entry: @1.24444
Targets: Looking to long GBP/USD targeting Asia's high and ultimately Monday's high.
NB: Every trade is a probability so following the trading plan and a sound risk management will protect your mental capital whether you win or lose.
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.