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 fermée manuellement
Price action 1h; doesn't hold well after positive US news. +3R
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