China Stimulus Fails to Meet High Expectations
Fundamentals & Sentiment
HK50:
- Weak recent Chinese data
- Stimulus hasn't met investors high expectations
USD:
- Strong data
- Fed signals a likely slowdown in the pace of rate cuts
Technical & Other
HK50:
- Weak recent Chinese data
- Stimulus hasn't met investors high expectations
USD:
- Strong data
- Fed signals a likely slowdown in the pace of rate cuts
Technical & Other
- Setup: TC(B)
- Setup timeframe: 1h
- Trigger: 1h
- Medium-term: Down
- Long-term: Down
- Min target: DMA(100)
- Stop loss: 1%
- Position size: 0.5 of the normal Risk Unit
Trade closed: stop reached
Should've being mindful of the uncertainty around Monday opening. Everything was going up at Tokyo opening, no wonder HK opened with a gap and went straight for my stop.Note
Reentered Note
TC(RTF) - Closed; -1R; pos.size 0.5
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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.