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Chinese GDP Tonight - Update

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  • Chinese GDP Tonight - Update

    Blackwave Pacific

    All eyes turn to China for tonight's 3am GDP number. At this point AUDUSD is ranging which is to be expected however not be lulled into a false sense of security (or impatience) I have set the robot the task of only executing a short trade when technical's permit. In the meantime we still have negative RSI divergence and a simmering Head and Shoulders Pattern to contemplate.

    The NZDJPY short trades were the first to be closed out and now that we have had the expected rally I am looking for an opportunity to get short once again and so we are locked and loaded and waiting for a technical confirmation of a reversal.

    Blackwave Australia

    Not much change here. For the very same reason I have reduced the position size of the long AUDUSD trades in Blackwave Australia and we have begun to accumulate those lower position sizes. As you may know Blackwave Australia trades AUDUSD in both directions at the same time.

    Kind Regards,