In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we give our advice on a flight to safety trade due to trade talks.
Last Monday’s tweet from Donald Trump stated that tariffs will be applied to Chinese goods if a deal was not agreed. This was how things transpired. Last Friday, the US administration applied a 25% trade tariff to over 200Bn worth of Chinese goods along with the threat of more in the pipeline.
As a result, the markets have clearly reacted in a phase of “risk off”. We are now seeing markets like Gold, JPY, CHF and USD strengthen and markets like the Stock and Indices markets weaken.
The high probability trading opportunity which we will focus on is in the GBPJPY. A breakout below yesterday’s daily low will hopefully give us the high probability trade we are looking for.
Flight to Safety Trade Due to Trade Talks – Full Video Analysis
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