Pound to the mean
Fundamentals
GBP: Dovish outlook (Market is pricing BoE to cut rates in June 2024. The pound is also overpriced based on its yield differenial. Although the currency is quite stretched to the downside in the COT report, there's still some room to decline.
JPY: BOJ is currently the most hawkish central bank. JPY is testing lows in COT report, so some rebound is possible.
Technical & other
Setup: S(RTF)
Setup timeframe: 1h
Trigger: 1h (sell stop)
Medium-term: range
Long-term: Up
Min target: local support
Risk: 0.17%
GBP: Dovish outlook (Market is pricing BoE to cut rates in June 2024. The pound is also overpriced based on its yield differenial. Although the currency is quite stretched to the downside in the COT report, there's still some room to decline.
JPY: BOJ is currently the most hawkish central bank. JPY is testing lows in COT report, so some rebound is possible.
Technical & other
Setup: S(RTF)
Setup timeframe: 1h
Trigger: 1h (sell stop)
Medium-term: range
Long-term: Up
Min target: local support
Risk: 0.17%
Dagangan ditutup: hentian tercapai
Strong UK data - should've closed before the release as the price was dancing around breakeven. What's worse, because of Thanksgiving day, the market was very thin so I got 17 pips slippage when exiting.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.