Miss in data to short overextended GBP
Fundamentals & Sentiment
USD:
The sentiment has been bullish in the short-term as market is leaning towards 2 cuts instead of 3 from the Fed this year. The trigger to buy dollar is a solid beat in ISM Mfg PMI.
GBP: Pound is overextended according to CFTC reports, while the UK fundaments hasn't really been backing such a growth - take a sluggish GDP for instance.
Technical & Other
Setup: S(B)
Setup timeframe: 1h
Trigger: 15m
Medium term: Down
Long-term: Range
Min target: the very low of the demand area/ possible breakout from the long-term range
Risk: 0.27%
USD:
The sentiment has been bullish in the short-term as market is leaning towards 2 cuts instead of 3 from the Fed this year. The trigger to buy dollar is a solid beat in ISM Mfg PMI.
GBP: Pound is overextended according to CFTC reports, while the UK fundaments hasn't really been backing such a growth - take a sluggish GDP for instance.
Technical & Other
Setup: S(B)
Setup timeframe: 1h
Trigger: 15m
Medium term: Down
Long-term: Range
Min target: the very low of the demand area/ possible breakout from the long-term range
Risk: 0.27%
Trading ditutup: stop tercapai
Closed at the breakeven after trailing the stop
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.