Talking Points: AUD/USD short trade from last week triggeredSentiment still giving bearish signalsDowntrend could continue towards 0.8700 AUD/USD Support Broken - Bearish The trend line support cited in last week's article has been broken. The chart below shows that over the weekend, the AUD/USD gapped below the trend line and closed for the day. We had said we would act on a trade if the closing price was below support. That was our trigger. After a ...
Originally Posted by matfx Yuri Ratus paint
What does the turn in price look like? In the following chart, a supply zone for a short entry was highlighted with the yellow box, and the blue arrow indicates where a good short trade could have been entered. This is the expected “turn in price.” our stop would go above the zone in which we entered. Here it would have been about 17 pips. Using our 3:1 ratio, we need to find a reasonable profit target of at least 3 times that, or 51 pips. The blue box shows a small demand ...
Media have been opining and hyping Alibaba's USD21.8 billion IPO impact on the global Internet ecosystem and how the company plans to invest its new wealth. Unlike most IPOs, many early investors in Alibaba will have no lock-up period and they can sell their shares today. Though CEO Jack Ma pledged that customers are more important than investors to Alibaba's growth, this uncommon nod towards ...
Tom Wolf Tells Chester School that Fracking will Finance Education Pennsylvania Democratic gubernatorial aspirant Tom Wolf on Thursday paid a visit to the STEM Academy, which is located in Chester, to discuss with teachers and students about the quality and state of education in financially-constrained school districts. ...
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