CPI to Knock It Off - Reentry
USD:
- Undervalued according to many market internals
- CPI Beat
- Monster jobs data (NFP, Unemployment, etc.)
- USD held well on Fri-Mon so the last mixed data (Initial claims beat - dovish) was shrugged off.
CHF:
- Generally, the franc is too expensive for SNB's liking
- Bearish Internals
Technical & Other
Setup: S(B)
Setup timeframe: 1h
Trigger: 15m
Medium-term: Range
Long-term: Down
Min target: Aug highs/DMA(100)
Stop loss: 0.17%
Position size: 0.5R
- Undervalued according to many market internals
- CPI Beat
- Monster jobs data (NFP, Unemployment, etc.)
- USD held well on Fri-Mon so the last mixed data (Initial claims beat - dovish) was shrugged off.
CHF:
- Generally, the franc is too expensive for SNB's liking
- Bearish Internals
Technical & Other
Setup: S(B)
Setup timeframe: 1h
Trigger: 15m
Medium-term: Range
Long-term: Down
Min target: Aug highs/DMA(100)
Stop loss: 0.17%
Position size: 0.5R
Trade closed manually
Price action 1h; doesn't hold well after positive US news. +3R
Related publications
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.
Related publications
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.