@wisliacy
If the RBA is hiking because of $105 oil, Powell's chances of a dovish pivot tomorrow are significantly lower than the market is pricing.
Add to this: The Hormuz coalition is fracturing. Germany, Japan, and Australia all declined to join the US militarily. Geopolitical risk is creeping back in.
If you're heavily long risk assets right now, you're not trading a breakout. You're trading against central bank math.
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