Dear Fellow paid subscribers,
Here’s an update to the trade alert published on July 30th around 9:30am US eastern time/9:30pm Singapore time, which includes Stop loss level and additional AVWAP charts.
Stay tuned for more Alpha returns which are coming your way.
Current condition : Following BoJ rate hike + Quantitative tightening announcement, Nikkei 225 is not making new low ( but USDJPY made a new low from July 31st US trading hours to 1st August European trading hours, could be attributed more to a function of Dollar weakness ) which I believe is a constructive sign so far, or in short co-movement of USDJPY and Nikkei has been broken. ( suggesting market is moving past Yen short unwind jitters )
It’s a firm greenlight to go ahead for the following 2 recommendations as Fed chair Powell did tee up a rate cut for September meeting a few hours ago.