Trade attivo
News provided the required volume on Friday's session. My first target is at red rectangle on the chart. This area is the upper ceiling of Ichimoku cloud and long term declining trend line. I expect a little resitance here. Most probably a strong uptrend will follow. Keeping an eye on JP10Y which is on the uptrend. Next inflation decision is in September and Yen is trading at near 34-years lows against dollar. Energy costs remain elevated at historcially high levels, which increases the pressure on policy makers since Japan is heavily dependent on imported energy, relying on foreign sources for nearly 90% of its primary energy supply.
Observing the current market sentiment around AI and infrastructure, markets seem to be bullish until a catastrophic event occurs. I am planning to ride this one until such event occurs.
Nota
All the geopolitical noise occured last week erased the gains but last Friday's price action was strong enough to clear the fog. Todays inflation data will be the determinant for the short term direction. Current sentiment is bullish but data will make it or break it for short term. Mid to long term direction is up. Trade chiuso manualmente
I didn't like the market reaction after rejection of 62 is levels. It failed to hold 200 day MS so I have closed my position. I might hop in if reversal is confirmed in the coming weeks or months. It might be longer than that since I am expecting a financial crisis which might happen anywhere in 12 months from now.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.