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In recent news, Chinese President Xi has expressed to the United States the need to remove negative measures against China, as reported by CCTV.

This statement underscores the potential for enhanced cooperation between the two countries, specifically in terms of trade and economic collaboration. Such comments could signal a shift towards a more constructive dialogue, which many traders view as a positive development.

Key Insights:

President Xi's remarks indicate that both nations should work towards reducing misunderstandings and fostering economic ties.

This sentiment is indeed optimistic and could positively impact market dynamics.

On the trading front, we took the opportunity to capitalize on this bullish sentiment by entering several long positions.

The market's reaction has shown signs of strength, with buyers stepping in and effectively trapping sellers—a classic indicator of an upward price movement.

As we monitored price action closely, we observed a significant pattern where sellers were being trapped, which presented an ideal environment for additional long positions.

During this phase, taking small, calculated profits while adjusting stop-loss orders to break even was key to managing risk effectively.

Upcoming Discussions:

Further positive news includes an upcoming meeting between Mexican President Andrés Manuel López Obrador and US Deputy Secretary of State Lando regarding steel tariffs, which could influence broader trade discussions.

It has been reported that President Xi and former President Trump have agreed to commence a new round of discussions promptly.

This development reflects a willingness on both sides to engage and potentially resolve existing tensions. Overall, this situation presents a favorable landscape for traders.

The sentiment surrounding US-China relations appears optimistic, and by utilizing strategic trading approaches, we have successfully navigated this market phase.

As we move forward, it’s crucial to remain vigilant and responsive to further developments, ensuring we make informed trading decisions. For those in the trading community, staying updated on geopolitical developments can provide valuable insights into potential market movements.

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