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PROCESS IS KEY….DEFINE LEVELS – MARK EXPECTED PRICE ACTION – TRADE THE SETUPS
OVERNIGHT MARKET SNAPSHOT FOR MONDAY 27/02/23
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with Intraday opportunities it may provide.
US saw a gap down on the open as a weak European session triggered a risk off tone across the broader market. Data out in the US came in stronger than expected and pointed to continued ‘higher than expected’ inflation which saw traders re-evaluate exposures and long positions. The USD moved higher while US Bond Yields rallied again.
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KEY LEVELS AND MARKET OVERVIEW INTO THE ASIAN SESSION OPEN
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