Market update FX, Indices, BTC - missed shorts = opportunity
Hello Everyone,
Doom & gloom? Not quite. Although i missed some good shorts across the board i am going to be patient and let the price dictate what happens next and what should i do. Sometimes you miss trades, in hindsight, it seemed easy to take a short but it was a 50/50 gamble and i am okay with missing out some trades.
I always follow my plan and i think some USD selling will happen soon unless market has other plans and ofc there are black swan events such as another war. That will fuel up oil prices and most likely inflation with it. So keep an eye on potential conflicts.
In terms of US CPI i have to admit that i was caught by surprise when everything looked super bullish on the charts. The flush on Tuesday seemed like someone leaked the data and apparently that was the case as it was discovered that the bureau of labor statistics gave a heads up to "super users" way too early. I really thought it might've been a de risking event.
Have a great day and hope you enjoyed the update!
Doom & gloom? Not quite. Although i missed some good shorts across the board i am going to be patient and let the price dictate what happens next and what should i do. Sometimes you miss trades, in hindsight, it seemed easy to take a short but it was a 50/50 gamble and i am okay with missing out some trades.
I always follow my plan and i think some USD selling will happen soon unless market has other plans and ofc there are black swan events such as another war. That will fuel up oil prices and most likely inflation with it. So keep an eye on potential conflicts.
In terms of US CPI i have to admit that i was caught by surprise when everything looked super bullish on the charts. The flush on Tuesday seemed like someone leaked the data and apparently that was the case as it was discovered that the bureau of labor statistics gave a heads up to "super users" way too early. I really thought it might've been a de risking event.
Have a great day and hope you enjoyed the update!