Following the "Fed is done" narrative
Fundamentals
USD: Light volume during the pre-Thanksgiving trading day - any weak US data can potentially move the market. The miss on Manufacturing PMI triggered a short-term bearish sentiment, another excuse to follow the narrative that the Fed is done hiking rates.
EUR: Although the economic data wasn't so appealing, I stick with the strong EUR seasonals (EUR is expected to grow until the end of the year). Euro COT reports look good as well, as net long exposure is gradually growing away from 0.
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 1h
Medium term: Up
Long-term: Up
Min target: triangle height
Risk: 0.35%
USD: Light volume during the pre-Thanksgiving trading day - any weak US data can potentially move the market. The miss on Manufacturing PMI triggered a short-term bearish sentiment, another excuse to follow the narrative that the Fed is done hiking rates.
EUR: Although the economic data wasn't so appealing, I stick with the strong EUR seasonals (EUR is expected to grow until the end of the year). Euro COT reports look good as well, as net long exposure is gradually growing away from 0.
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 1h
Medium term: Up
Long-term: Up
Min target: triangle height
Risk: 0.35%
Trade fermée manuellement
Closed before the US news as the market still stayed around my entry price
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.