The markets have been taking a hammering but there has been some recovery today. Based on technical analysis, this will not last and it will fall tonight.
We are seeing a sell pattern in AUDUSD. This pair is correlating to the stock market and when it falls so does stocks. The last time we sold this resulted in a 300 pips run!
The same pattern is appearing on major stock indexes, so I am expecting a further drop based on my 2 analysis done on DJIA and S&P.
We are seeing a sell pattern in AUDUSD. This pair is correlating to the stock market and when it falls so does stocks. The last time we sold this resulted in a 300 pips run!
The same pattern is appearing on major stock indexes, so I am expecting a further drop based on my 2 analysis done on DJIA and S&P.
Trade closed manually
This trade moved with such violence and netted 80+ pips in 30 minutes. However the trade came back up with the same power and took us out at breakeven. A very sad trade indeed.11/05/22 DEAL AUD/USD Mini converted at 1.379701825 SD SD0.97
Funds: SD10,174.10
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.