China Stimulus As a Bullrun Trigger
Fundamentals & Sentiment
HK50:
- Yesterday's news of 6 trlilion yuan stimulus
USD:
- Risks: pre-elections uncertainty, Middle East tensions, undervalued by market internals and CFTC.
Technical & Other
- Got in 5 minutes after the announcement during the US session; not the best entry technically
HK50:
- Yesterday's news of 6 trlilion yuan stimulus
USD:
- Risks: pre-elections uncertainty, Middle East tensions, undervalued by market internals and CFTC.
Technical & Other
- Got in 5 minutes after the announcement during the US session; not the best entry technically
- Setup: Other
- Setup timeframe: 1h
- Trigger: 5m
- Medium-term: Up
- Long-term: Up
- Min target: Local highs
- Stop loss: 2.37%
- Position size: 1R
Trade active
Unloaded 1/2 during the same US session as it didn't hold after the initial pop higher.Trade closed: stop reached
The stimulus news didn't cause the expected reaction. Should we expect further downside?
I feel I was impatient entering this trade right into the local resistance. The expectations of the kind of previous wild swings screwed up my composure.
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.