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Macro Monday 49~Ireland – The Fastest Growing Economy in the EUMacro Monday 49 Ireland – The Fastest Growing Economy in the EU According to forecasts by the European Commission the European Union is set to grow by a humble 1.7% in 2024 however Ireland is the country which is forecasted to grow the most with an annual growth rate of 5% expected for 2024. In Q1 2024, Ireland recorded a 1.1% increase compared to the previous quarter, indicating significantly strong economic performance against its closest peers at 0.8% by the likes of Hungary, Latvia and Lithuania. For the 2023 year the top three European countries for GDP per capita (average economic value of the productivity of each person) were; 1. Luxembourg €143,304 2. Ireland €137,638 3. Switzerland €89,537 I might note briefly that the above figures change for REAL GDP which factors in inflation or changes in the price levels. It accounts for the impact of rising or falling prices on economic output. The real GDP figures for Luxembourg and Ireland are €76,176 and €67,149, respectively. The average real GDP for the EU is €31,740, placing Luxembourg 240% above the average and placing Ireland at 112% above the average, respectively. Real GDP figures highlight both countries as being well above the EU average. Irelands Largest Exports Ireland’s largest export in 2023 was pharmaceuticals, which accounted for 34.2% of the country’s total exports. The top export products included blood fractions including antisera, heterocyclic's and nucleic acids, medication mixes in dosage, hormones including miscellaneous steroids, and electro-medical equipment. These major exports represented 54.5% of Ireland’s overall export sales. The United States was the largest single goods export market for Ireland, accounting for a significant portion of the exports. The pharmaceutical sector, particularly, places Ireland among the world leaders for exporting blood fractions including antisera, and the country is also a major competitor in selling medical, surgical, or veterinary instruments on international markets. The Best Performing Stocks In Ireland The best performing stocks in Ireland for the year 2023 were led by Ryanair, with an impressive share price movement of 51%. Other top performers included Cairn Homes with 47%, Kingspan with 43%, Glenveagh Properties with 33%, and Glanbia with 31%. These companies showed significant growth and were among the most successful in the Irish market according to the data from Euronext Dublin based on the period from January to December 2023. For the past 12 months leading up to May 2024, the best performing Irish stock was Adventus Mining (ADVZF) with a total return of 35.90%, followed by AIB Group (AIBGY) and Bank of Ireland Group (BKRIF). These stocks have shown resilience and growth, reflecting positive investor sentiment and strong market performance. The Irish Stock Exchange - EURONEXT:ISEQ The Irish stock market is called Euronext Dublin, formerly known as the Irish Stock Exchange (ISE). It has been in existence since 1793 and is Ireland’s main stock exchange. As for the equivalent of the S&P 500 in Ireland, there isn’t a direct counterpart that matches the scale and scope of the S&P 500. However, the closest equivalent in terms of a benchmark index for the Irish market would be the ISEQ All Share Index which has between 20 and 25 Irish based stocks in the index. The ISEQ tracks the performance of all companies listed on Euronext Dublin, making it a broad-based indicator of the overall Irish stock market performance. Here are the weightings (expressed as percentages) of the top components in the ISEQ All-Share Index as of March 30, 2024: 1. Ryanair Holdings PLC: Consumer Discretionary sector - 23.96% 2.Kingspan Group PLC: Industrials sector - 15.58% 3.Kerry Group PLC: Consumer Staples sector - 13.81% 4.AIB Group PLC: Financials sector - 12.31% 5.Smurfit Kappa Group PLC: Industrials sector - 11.03% Let’s have a look at the ISEQ All Share Index Chart: With Irelands economy firmly in growth mode and with most economist anticipating it to be the fastest growing economy in the EU for 2024, we can assume we will have some wind at our backs in entering a trade on the ISEQ all share index (no guarantees). ◻️ The chart demonstrates a pattern whereby the months of August since 2021 have not been good months however are followed by the ISEQ making lows in October, thereafter rallying into longer term bull periods. A pattern we could potentially take advantage of going forward. A sort of “Halloween Effect” in the Irish Economy, a term used to describe how markets in general perform well during the Halloween period to Christmas. ◻️ The chart speculates at a similar pattern this year for an August retraction followed by October continuation. ◻️ Entries in during these months should guided by the 200 Day SMA (blue line on the chart). Ideally you would want to be above this line or wait until we get above it or bounce from it (at present we are above it so we await a bounce for entry). You could place stops just below this moving average also having entered the trade. With the Irish stock market index looking great and economists hailing a year of growth, lets pick out one individual stock we could take advantage of with an impressive looking chart set up. Glanbia Plc - GETTEX:GL9 Glanbia plc is an Irish global nutrition group with operations in 32 countries. It has a 2.2% allocation in the ISEQ All Share Index and is one of Ireland’s key players in the agri-food and nutrition industry. They handle dairy and grain processing, contributing to a €2 billion industry. You might recognize their popular brands like Avonmore, Kilmeaden, and GAIN Animal Nutrition. Glanbia Ireland plays a vital role in processing milk and creating various products for both local and global markets. Glanbia’s products are sold or distributed in over 130 countries. This company utilizes one of Irelands greatest products, milk from the cows that feed on the greenest pastures the world has to offer, and distributes this goodness around the globe. The unique product offering is matched by an impressive chart: ◻️ The chart has a long term cup and handle pattern and great Risk: Reward set up as illustrated. We are well above the 200 day moving average (blue line on the chart) and appear to be breaking higher. This was one of the better charts I could find in Irelands top 20 stocks that are in the ISEQ All Share, however, Ryan Air appears to be bouncing off a strong resistance level at present having broken to new highs and is worth a review. I will skip it for now. Pfizor is the Largest Pharma Company in Ireland Interestingly, Pfizer is the largest pharmaceutical company in Ireland. They have a significant presence in the country, with seven locations across four counties and employing more than 3,300 people. Pfizer was one of the first pharmaceutical companies to establish operations in Ireland, setting up in 1969. Their work in Ireland includes research and development (R&D), manufacturing, shared services, treasury, and commercial operations. Over the years, Pfizer has invested more than $7 billion in its Irish operations, demonstrating its commitment to the country’s pharmaceutical sector In 2022, Ireland was the world’s biggest exporter of vaccines, blood, antisera, toxins and cultures, with exports valued at $47.3 billion. This sector plays a significant role in Ireland’s economy, contributing to its position as a leading exporter in the pharmaceutical industry globally. I’m not covering the chart for Pfizer but I thought this was an interesting edge in the Irish marketplace. Whilst Pfizer operates in Ireland, I cannot find it included in the ISEQ All Shares Index therefore holds multinational status operating within the country but not as an Irish entity. An important Note on Irelands GDP Irelands GDP figures have been highly contested by economists and investigative journalists for a host of reasons some of which are outlined below. These arguments hold weight and should be considered whilst factoring in an assessment of Irelands Economy: 1. Measurement Issues: Ireland's GDP figures have been influenced by multinational corporations (MNCs) that use Ireland as a base for various financial activities, leading to concerns about the accuracy of these figures. The presence of MNCs can distort GDP calculations due to factors such as transfer pricing, intellectual property rights, and other financial engineering techniques. 2. Distortion from Corporate Re-domiciliation: The phenomenon of corporate re-domiciliation involves companies relocating their legal headquarters to Ireland without significant physical operations in the country. This can artificially inflate Ireland's GDP figures without necessarily reflecting real economic activity within its borders. 3. Lack of Convergence with Other Economic Indicators: There have been concerns that Ireland's reported GDP growth does not align with other indicators such as employment levels or wage growth, prompting skepticism about the accuracy of the reported figures. 4. Impact of Statistical Adjustments: The calculation methods used in determining GDP can lead to statistical adjustments that may not fully capture economic reality or provide an accurate representation of domestic production and income. 5. Potential Policy Implications: The contested nature of Ireland's GDP figures has implications for economic policy decisions based on this data, potentially leading to misinformed policy choices if the underlying economic reality is not adequately captured. Finally, it is clear that Irelands economy is in growth mode and could present some good opportunities for investment. Ireland is also of major importance to the EU as one of the only native English speaking nations remaining in the EU (since the UK exit - Brexit). One could expect Ireland to receive special consideration and attention from the EU for a host of reasons moving forward, good and bad. A small powerhouse country on the fringes of Europe that has a powerful economic punch to it, an educated and versatile workforce, and positionally is of geographical importance. This small island country has diversified itself as global leader in agriculture, pharma and manufacturing, and also acts as a host country for a range of tech giants. The future is bright for this little island nation however one wonders, would it be better off as a standalone economy outside the Euro Area, like Norway and Switzerland. For now it remains one of the 20 countries in the Euro Currency Area and of vital importance to the EU. One could describe Ireland as being at the helm of Eurozone's current trajectory, and with that, there is great risk and great promise. A nation in the balance. All these charts are available on my Tradingview Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how Ireland's stock market has performed. I hope its helpful. PUKA
Editors' picks
ILong
by PukaCharts
4
EURUSD 16/6/24To start the week off, we are looking at another bearish shift in the EU, similar to what we observed last week. As we have mentioned before, we aren't expecting price to move perfectly or hit every point on our chart. Instead, we are looking for our ideas to somewhat align with one of our bias scenarios. For this week, we anticipate price to move back to the area of supply that caused the last breakdown, highlighted in our first red box above the current price position. A less likely, but still possible, scenario is for the price to immediately turn bearish from its current position. Our preferred move is for the price to move through the area of supply that caused the previous breakdown and push to the extreme swing POI that we have marked at the upper end of our range. This is our ideal area to sell from. Of course, we will look for buying opportunities during the pullback, and we may consider selling from the order block below if it elicits any major reaction. Track price and trade your rules!
by rosshayes
EU D Buy Idea 5/18/24Overall price is still bearish on the monthly and weekly, EU appears to be making a run to go bullish for a bit. Price has currently broken the Daily High from 4/8/24 BUT is bumping against a bearish weekly trendline. The Daily has made a nice impulse and is more than likely finishing up a correction to go into a bullish continuation. Price is a good 88 pips from the last daily high. So I'd look for price to final TP around 1.11050. If I had been trading EU last week, based on my confirmations, I'd currently already be in buys, so that leads me to believe that there is still some more bullish movement to be had in the upcoming week. However, if the correction continues bearish I'd look for price to run to somewhere around 1.08643 with a final TP around. 1.08591. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Long
by cecedidit
🤟EURUSD: New MULTITIMEFRAME analysis is here🤟☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Short
by Yelli_trades
21
European instability causing weakness in the euroAfter the EU Parliamentary elections, there is a rise of nationalism and protectionism among some individual EU states. The euro is feeling the heat, as EU stability is under threat. EASYMARKETS:EURGBP #EURGBP Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
EURUSD 9/6/24Starting things off with euro to the USD this pair has finally shifted bearish into the higher time for a narrative we have mentioned so many times over the last fortnight. This means for us this week we are predominantly focusing on bearish movements, as it stands we have an nfp range this is the overall range responsible for shifting us bearish, Within the 4 hour time frame we still have no low of this range. Because of this we are still waiting for this range to form properly before we begin to interpret the appropriate point to enter. But as always we have an idea of what we would like to see which is the following. A price pulling back after either liquidating the nearest low or forming a low above this point, Then pulling back to the area of unmitigated supply that we have highlighted above this. for us this is the ideal area to sell from it sits above 50 percent of this range and it also is the area responsible for breaking our major structural point down. As we head into this week we are going to be waiting for this range to form properly before we begin to formulate sell or buy setups. What we have shown and spoke about here is our overall main idea so we will wait for this to start playing out and give the principal some fluidity. Wishing you all the best trading week and remember to reprice trade with appropriate risk and always use a stop loss.
by rosshayes
EURUSD 2/6/24EU markup following our previous weeks chart work, this is honestly pretty clear to us we have 2 options. We run bullish following the 4hour structure and taking us out of the higher timeframe range we have been within for 2 weeks now, or we fall in line with higher timeframe trend. Its how these 2 ideas play out or if they play out at all is the key point to keep in mind here. We sit within an internal bullish range that was given to us on Friday, if we close out above this high iam expecting price to run out the highs we have in place already and follow up higher into the hourly trend. If we follow what we think may happen then we expect to see price drop lower breaking us out of the bullish range we are currently in, this will in turn tell us we expect price to drop lower and break out of the bullish trend we are sitting within! Read price and follow what structure is showing you!
by rosshayes
Trade Like A Sniper - Episode 8 - EURUSD - (29th May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing EURUSD, starting from the Monthly chart. - R2F
Education
by Road_2_Funded
2
EURUSD 26/5/24Starting off with EUR this week, we have a few idea for What we want to see this week ultimately we're looking at price travelling lower within the 4 hour range taking us into the daily weekly order block if we see bullish price action from here we may look to buy, BUT We are mainly looking for price to travel bearish in the direction that the higher time frame trends are moving based off of this if we sweep the liquidity above we've been looking for a breakdown rather than a run higher if we do not react at the Daily/weekly order block that we have highlighted in this analysis we will look for price to run lower and trade in that direction. Keeping in mind the liquidity we have about the highs this does not mean that we are going to run bullish use the 4 hour range high and range low as reference for price direction coming into this week. Trade safe and make sure to read price action!
by rosshayes
EURUSD - A Top-down Analysis (BEARISH BIAS)I'm going to start from the yearly timeframe and work my way down to the monthly, weekly, and lastly the daily timeframe. Here on the yearly timeframe we have price coming into a yearly SIBI a couple of times before displacing down into a yearly Sibi. After which, we have a close above equilibrium, and the subsequent year came up into a yearly Breaker (Body) before what looks now like a move lower to take out at the very least the previous year's low. 12-MONTH On the 6-month timeframe we see a nested Sibi support my bearish bias/narrative. At this point I do not see any discount PD Arrays, but I will be mindful of consequent encroachment of large wick of the swing low's candle. 6-MONTH On a closer review of the 1-month timeframe, we see a monthly BISI seemingly about to close below it. If that is the case, I would like to see a return into that to be treated as an iFVG. My current draw on liquidity is the relative equal lows (Body). 1-MONTH On the weekly timeframe we have an even clearer picture. The recent displacement is more prominent, and we can see that a weekly SIBI was created into the monthly potential iFVG (BPR). High up at my second POI is a weekly Bearish Orderblock that may still be a viable possibility for price to reach towards. Inside of that is a daily Unicorn model, which can be seen on the current daily chart. Much of my narrative is based on red folder news coinciding with how I am anticipating the weekly candles to close, mostly anticipating it closing below the SIBIs/iFVGs. The closer price gets to one of the major red folder news events such as CPI/PPI/FOMC, the more extreme of a displacement I am expecting. It is also key that I see some sort of manipulation to take place to shake out the retail crowd. 1-WEEK So, let's see what unfolds in the coming weeks. Trade safe! - R2F
Short
by Road_2_Funded
2
EURO STOXX 50 Already at Target 1. On Way to over 11 thousand.Euro Stonks are raging higher Euro zone growth has been terrible ever since the inception of the #EU and especially with the introduction of the common currency. (common currency but uncommon debts) Why are they going up now Are they simply playing catch up Is the ECB going to engage in FED like stimulus and PPT activities? Currency devaluation or actual economic goodtimes? IDK All I know all the European Bourses have major room to the upsides #CAC #DAX #FTSE and all the minor index's are positively positioned like I have been saying for quite some time now.
TVC:SX5E
by BallaJi
EURUSD 5/5/24Starting off the week with euro to the US dollar this pair has played bearish across the high timeframes for a while now. On the 4 hour chart here I'm looking for price to pull back into the discount zone that was given by the bullish range that broke our high last week this tells us that we are due another push to the upside but overall the higher time frame structures are bearish. Keeping this in mind if we do not pull back and we shift above our newly created high I will expect price to fall from the red area highlighted above, Personally I would prefer to see price pull back down below the 50 of the newly created range bringing us into the 4 hour POI liquidating the low and ultimately pushing back up above the newly created high allowing us to buy this last up move before the higher time frame begins to sell price off again. News this week is relatively low so I'm not expecting anything crazy volatile but I do expect us to expand to the upside before we start to drop lower. Please note the key levels that we have marked on our chart here are these points I'll be looking to buy from. Remember to follow price action read what price is showing you and trade your plan wishing you all a successful trading week.
by rosshayes
EURUSD - Updated Analysis (Bearish Bias)Hello hello, I am anticipating TWO possible scenarios. For context, you would have to know ICT's Concepts, particularly Time & Price Theory, Price Delivery Continuum, and the PD Array Matrix. Sounds fancy shmancy, but it isn't, it's actually quite beautiful. Anyway, the TWO scenarios are: 1. Price comes up into the RED circle area. We have a large inefficiency on lower timeframes. On the Weekly we see a Body Breaker and a New Month Opening Gap. After that, price displaces lower this Thursday or Friday as there is also NFP. What i'm looking for is price closing below the current SIBI that the Weekly candle is in. 2. Price does not come up to that area this week, then I am looking for a 3W Sibi to be created and traded into first before moving lower. But preferably, I would like to see that no Weekly candle closes above the current Weekly gap. Please refer to my previous EURUSD analysis for more information on what I am looking for, and how I am looking for it. - R2F
by Road_2_Funded
2
EU's Digital Dominance Crackdown: Apple's iPad Added to RadarThe European Union (EU) has extended its regulatory reach to encompass Apple Inc.'s iconic iPad. This expansion, under the auspices of the Digital Markets Act (DMA), underscores the EU's commitment to fostering fair competition and curbing potential monopolistic tendencies among Big Tech giants. The decision marks a significant juncture for Cupertino-based Apple, as it faces a new set of stringent rules aimed at ensuring a level playing field in the digital arena. The DMA, which recently came into full force, targets six tech behemoths deemed as digital "gatekeepers," including Apple ( NASDAQ:AAPL ), Meta Platforms Inc., Alphabet Inc.'s Google, Amazon.com Inc., Microsoft Corp., and ByteDance Ltd., the parent company of TikTok. Under the DMA's purview, designated firms are compelled to adhere to a series of preemptive measures aimed at thwarting anti-competitive practices before they can take root. Notably, Apple ( NASDAQ:AAPL ) now has a six-month window to align its iPad ecosystem with the regulatory framework outlined by the EU. This entails a gamut of obligations and prohibitions, including allowing users to download apps from sources beyond Apple's ecosystem and granting them the ability to uninstall preloaded applications. Margrethe Vestager, the EU's Competition Commissioner, emphasized the rationale behind bringing iPadOS under the DMA's umbrella, citing its pivotal role as a gateway for numerous companies to reach their customers. She underscored the EU's commitment to preserving fairness and competition in the digital marketplace, signaling a proactive stance against potential monopolistic behaviors. Apple's ( NASDAQ:AAPL ) response to the regulatory encroachment reflects a delicate balancing act between catering to European consumers' needs and addressing the new privacy and data security risks posed by the DMA. The company remains steadfast in its commitment to delivering value to European users while navigating the evolving regulatory landscape. The inclusion of the iPad in the DMA's ambit signifies a broader trend of regulatory scrutiny confronting tech giants worldwide. With regulators increasingly scrutinizing digital platforms' market dominance and their impact on competition and innovation, the tech industry faces a paradigm shift in regulatory oversight. The ramifications of the EU's digital dominance crackdown extend far beyond Apple ( NASDAQ:AAPL ), reverberating across the tech ecosystem and prompting industry-wide reflection on business practices and market dynamics. As regulatory pressures mount, tech companies are compelled to reassess their strategies and business models to navigate the evolving regulatory terrain while maintaining their competitive edge. In this era of heightened regulatory scrutiny, the EU's move to bring the iPad under the DMA's purview underscores the imperative of fostering fair competition and innovation in the digital marketplace. Despite the regulatory scrutiny, Apple Inc. ( NASDAQ:AAPL ) stock is up 4% trading with a moderate Relative Strength Index (RSI) of 58.85 indicating further room for growth.
NASDAQ:AAPLLong
by DEXWireNews
EURUSD 28/4/24Starting off as we do most weeks with EURUSD we gave out this idea way back at the start of this month and we are finally starting to see price line up with our bias, now of course as always we are waiting for an idea we have to line up and provide context tot the higher time frame move to then allow us to trade on the lower time frames, this is now in play from the view of the 1hr chart as you see marked on our chart here! At the end of last week we had a nice break to the downside leaving some clear spaces for us to watch to confirm this downside shift, after all we spent most of last week travelling up with speed and momentum. now because we see a sign this might be changing i am looking to confirm this and sell into the daily and weekly trend of down! Points to watch this week. FVG on this new hourly range, OB at the top of the range that gave this move the power it currently has. Remember we aren't picking and choosing what price does we trade what it chows us and add relevance and context depending on where it decides to do certain things. Trade what you see, not what you believe you should be seeing!
by rosshayes
EUR/USD: Potential Reversal Signals Amidst Economic Data In the dynamic world of forex trading, every fluctuation in currency pairs tells a story. The EUR/USD pair, a perennial favorite among traders, often serves as a barometer for global economic sentiment. In recent sessions, its movements have captured attention, offering insights into market expectations and reactions to key events. Yesterday, during the American session, the EUR/USD pair witnessed an uptick, largely attributed to disappointing housing data from the United States, which exerted downward pressure on the US Dollar. This movement drew attention to specific technical indicators that signal potential shifts in market sentiment. One notable observation was the formation of a Gartley pattern, a harmonic trading pattern that signifies potential trend reversals. Additionally, Fibonacci retracement levels indicated significant support and resistance zones, further corroborating the potential for a reversal. Moreover, divergence on the stochastic indicator on the daily timeframe added another layer of confirmation to this narrative. However, amidst these technical signals, the market received a dose of hawkish commentary from Federal Reserve Chairman Jerome Powell. His remarks bolstered US Treasury bond yields, thereby providing support to the US Dollar. This development added complexity to the analysis, highlighting the interplay between technical indicators and fundamental factors. As the London session commenced, all eyes turned to the EUR/USD pair, which appeared poised to continue its potential reversal and gain momentum. The absence of high-tier data releases from the US economic docket on Wednesday provided traders with an opportunity to focus on other catalysts influencing market dynamics. In particular, scheduled speeches from European Central Bank (ECB) policymakers, including President Christine Lagarde, and Federal Reserve officials promised to offer insights into monetary policy outlooks and potential market-moving statements. Traders anticipated these remarks with keen interest, recognizing their potential to influence the trajectory of the EUR/USD pair. Against this backdrop, traders were cautiously optimistic, looking for signs of a bullish impulse and a confirmed reversal. The convergence of technical signals and fundamental developments underscored the complexity of navigating the forex market. Successful trading strategies required a nuanced understanding of both technical analysis and macroeconomic factors.
Long
by FOREXN1
2
EU bearish confluence. MultitimeframeEU Weekly: EU 4h: Overall, a lot of bearish confluence across the timeframes. Look for further confirmation and entry setups. ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Short
by Yelli_trades