Harmonic Patterns
Higher levels for EUR/USD?There is no denying that Europe’s shared currency (EUR) is having a strong year against the US dollar (USD) so far, with the EUR/USD pair rising by almost 10%.
Monthly support in play
In one fell swoop, April’s price action made short work of the 50-month simple moving average (SMA) at US$1.0904 and the monthly resistance at US$1.1134. This prompted the unit to challenge monthly resistance at US$1.1457 and subsequently retest US$1.1134 as support.
Arguably, if bulls maintain their position north of the mentioned support and eventually absorb the offers at the current resistance, this could reveal a strong bullish scenario for the pair, targeting resistance between US$1.2028 and US$1.1930.
Daily AB=CD resistance unlikely to draw much selling
Meanwhile, on the daily timeframe, buyers and sellers are squaring off around an ‘alternate’ AB=CD resistance level from US$1.1386 (a 1.272% Fibonacci projection ratio) – a level complemented by a 61.8% Fibonacci retracement ratio from US$1.1383.
Based on monthly flow rebounding from support at US$1.1134, I do not expect the EUR/USD to venture much beyond US$1.1283 on the daily chart: the 38.2% Fibonacci retracement ratio derived from legs A-D (US$1.1065-US$1.1419).
Short-term dip below US$1.13?
Short-term price action on the H1 chart shows the pair rebounded from the US$1.13 handle in recent trading, though overhead resistance between US$1.1358 and US$1.1340 is calling for attention. Additional support to be aware of below US$1.13 resides in the form of a trendline support, extended from the low of US$1.1091, together with support from US$1.1266.
Ultimately, I expect H1 price to respect current resistance and drive through US$1.13 bids towards H1 trendline support mentioned above. Knowing said H1 support aligns with the daily timeframe’s 38.2% Fibonacci retracement ratio, tapping into liquidity south of US$1.13 will likely help drive bigger players to buy.
XAUUAD UPDATE 28 - 5 - 2025This is a technical analysis chart for Gold (CFDs on Gold, USD/OZ) on a 45-minute timeframe from TradingView. Here's a breakdown of the key elements:
Chart Summary (as of May 28, 2025):
Current Price: $3,321.640 (up +0.64%)
Chart Timeframe: 45 minutes
Highlighted Zones:
Resistance Zone (Top Yellow Area): Around 3,355–3,360
Support Zones (Middle to Bottom Yellow Areas):
~3,280
~3,240
~3,200
Chart Annotations:
Blue Arrows: Indicate a projected price movement:
1. Short-Term Bullish Move: A rise toward the resistance area near 3,360.
2. Followed by Bearish Reversal: A sharp drop expected after reaching the resistance zone, possibly down to the 3,280 or lower support zone.
Volume Bars: Shown at the bottom, giving insight into trade activity. A noticeable spike in volume supports the prior price drop and recovery pattern.
Interpretation:
The analyst expects a bullish continuation in the short term, reaching the resistance zone around 3,360.
After testing resistance, a rejection and bearish reversal is anticipated, targeting the support zone around 3,280 or even 3,240.
This strategy appears to rely on support/resistance trading and reversal patterns.
Would you like an assessment of the likelihood of this move or suggestions for entry/exit points?
EURGBP INTRADAY downtrend continuation capped at 0.8420Trend: The overall sentiment remains bearish, with price action below key resistance levels.
Recent Movement: Price is forming an oversold basing pattern near a previous swing low, indicating potential for a short-term bounce.
Key Levels
Resistance:
0.8420 – Critical level from previous consolidation.
Above that: 0.8435, then 0.8450 – Further resistance if bullish momentum builds.
Support:
0.8360 – Immediate support.
Below that: 0.8350, then 0.8330 – Deeper support zones on continued weakness.
Trading Scenarios
Bearish Continuation:
A failed rally near 0.8420 followed by rejection, could lead to a move lower toward 0.8360, 0.8350, and 0.8330.
Bullish Reversal:
A break and daily close above 0.8420 would negate the bearish bias and open the door to a rally toward 0.8435 and potentially 0.8450.
Conclusion
EUR/GBP remains bearish overall, but short-term oversold conditions could trigger a bounce. Watch the 0.8420 level closely—rejection favours downside continuation, while a breakout would signal a shift to a more bullish outlook.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
NZDCHF BULLISH OR BEARISH DETAILED ANALYSIS ??NZDCHF is currently consolidating in a textbook bullish flag pattern after a sharp recovery from the recent lows near 0.4680. Price action is compressing just below a key supply zone around 0.4950–0.4980, signaling a potential breakout setup as momentum builds. This flag is forming after a clear impulse move, and with the structure respecting higher lows, I’m preparing for a bullish continuation toward the 0.5100–0.5150 target zone.
Fundamentally, the New Zealand dollar is gaining strength supported by the RBNZ's firm hold on tight monetary policy, as inflation remains sticky in services and housing. Governor Orr’s latest comments reaffirmed that the central bank is not ready to pivot until they see a clear disinflationary trend. On the other hand, the Swiss franc is showing signs of weakness, as the SNB remains one of the most dovish central banks in the G10 space, with real interest rates still negative and inflation pressures easing significantly.
Technically, we’re in a bullish structure with key demand holding strong at the 0.4840–0.4860 range. Price is now coiling just under resistance, and a clean breakout above the 0.4950 level could ignite the next impulsive leg toward 0.5100. If the breakout confirms with increased volume and market sentiment aligns, this setup presents a high probability long opportunity with a favorable R\:R.
NZDCHF remains on my radar as a breakout trade backed by both technical structure and macro fundamentals. With capital flows favoring the Kiwi and risk appetite rotating back into higher-yielding currencies, this pair offers a solid bullish continuation setup for the coming weeks. Stay patient, let the breakout confirm, and ride the momentum higher.
Daily Analysis: 28‑05‑2025
Spot gold closed yesterday with a 1.3% decline, settling at 3,301. This drop appears to have been driven by improved U.S. consumer confidence, which strengthened the dollar, alongside rising global risk appetite and the postponement of the 50% tariffs on the European Union until July 9.
Additionally, hawkish remarks from New York Fed President John Williams—emphasizing the need for strong central bank action if inflation deviates from target—were interpreted as tightening in tone, further supporting the dollar.
On the geopolitical front, the U.S. announced new sanctions on Russia. Today’s agenda includes the release of the FOMC meeting minutes and a 5-year U.S. Treasury bond auction.
Technical Outlook:
If the support at 3,288 (monthly average) is broken, the price may move toward 3,250. On the upside, resistance levels are seen at 3,320 and 3,355.
NZDCAD BULLISH OR BEARISH DETAILED ANALYSIS ??NZDCAD is currently coiling within a textbook bullish flag formation after an aggressive impulsive leg to the upside. Price action remains tight inside this consolidation structure, respecting both trendline resistance and support. As we approach the apex of this flag, I’m closely watching for a breakout confirmation to trigger the next bullish continuation leg toward the 0.8600 target.
From a macro perspective, the New Zealand dollar is gaining strength following the RBNZ’s firm stance on keeping rates elevated due to persistent inflation risks, particularly in housing and services. On the flip side, the Canadian dollar is showing relative weakness as oil prices stall and the Bank of Canada shifts toward a more dovish tone amid weaker economic data and slowing consumer spending. This divergence in central bank policy and economic outlook is building a strong fundamental case for NZDCAD upside.
Technically, the structure remains clean. The market formed a strong bullish engulfing rally earlier in April, and since then has entered a symmetrical correction with higher lows forming under compression. This is a classic continuation setup with strong momentum buildup underneath. A breakout above the 0.8280–0.8300 zone with volume would likely trigger institutional interest and drive price rapidly toward the 0.8600 level, which aligns with the measured move of the flag.
This is a high-probability trade idea supported by both technical and fundamental convergence. With risk well-defined below 0.8135 and momentum favoring the bulls, NZDCAD is one of my top setups going into June. Breakout traders and swing traders alike should keep this pair on the radar as the next bullish expansion looks imminent.
Bitcoin Chart Analysis – May 28, 2025We are the SeoVereign Trading Team.
With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum.
🔔 Follow us to never miss a market update.
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📈 Bitcoin Breaks 112K — Upward Counting Continues
Bitcoin has now reached 112,000 USDT, continuing to break new highs.
In my May 24, 2025 idea, I had already mentioned that a rebound would occur around the 106K area.
(Click the image to go to the May 24, 2025 idea.)
Since that idea, I have continued with the wave counting.
The basis of the wave counting at the time was as follows:
Wave 1 analysis: Wave 1 ~ Wave 3 × 0.618 = Wave 5
Wave 3 analysis: Wave 1 × 0.618 = Wave 5
Wave 5 analysis: Wave 1 × 1 = Wave 5
Wave C analysis: Wave 1 × 2.618 = Wave 3
(*Some mentioned that Waves 1 and 4 overlapped, but please note that the impulse in question is a terminal type as per Glenn Neely.)
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🧭 Wave Counting Update After May 24
One new point emphasized in this idea is that Wave C formed an impulse wave during the rise.
The wave counting after May 24, 2025, can be seen in the chart below:
In the chart, you can see that Wave C (impulse) moved up, and impulses and corrections continue to alternate.
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📐 Harmonic Pattern Analysis (Bat Pattern Confirmation)
Around the May 27, 2025 low of 107,540 USDT, one of the most well-known harmonic patterns — the Bat pattern — was confirmed.
This area was a very attractive point to enter a long position.
If wave counting and direction were set accurately, it was a position that could have been clearly captured.
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Also, in the chart below, the 1:1 ratio between wave A and wave C in the abc correction strongly indicates a bullish move.
🎯 Entry and Target Strategy — Based on Alt Bat Pattern
The basis for this bet is the 1.13 Alt Bat pattern in harmonic theory.
Point B: 0.382
PRZ (Potential Reversal Zone): 1.13
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📌 If entering a long position, the targets are as follows:
1st TP: 109,540 USDT
2nd TP: 109,812 USDT
3rd TP: 110,057 USDT
It is not recommended to take profit on all positions when the target price is touched.
Since the current wave count strongly suggests further upside, I recommend holding some positions instead of fully exiting.
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🗺️ Long-Term Wave Counting Reference (Roadmap Presentation)
Lastly, I am reattaching the daily-based long-term wave counting ideas that I previously shared.
They will be very helpful in setting the big direction going forward.
(Click the images to go to the related idea.)
5.28 Gold Market5.28 Gold Market
Trump's threat to impose a 50% tariff on the EU on June 1 has turned around, and the market's concerns about previous trade uncertainties have been significantly alleviated. The positive news of the US-European negotiations has driven up European and American stock markets, and German stocks have hit a record high.
The 4-hour K-line shows that the current upward momentum of gold is weak. After probing the key resistance level, it encountered resistance and fell back. The current price is running between the middle and lower tracks of the Bollinger Bands. The overall shape of the Bollinger Bands remains stable, and there is no obvious sign of opening.
Today, it is recommended to short at high levels. Intraday support level 3288 resistance level 3330
SELL: 3330
SL: 3340
TP: 3295
Thank you for your attention. I hope my analysis can help you.
XAUUSD is testing the channel's lower boundXAUUSD is testing the ascending channel's lower bound and support at 3300. The price holds above the Ichimoku cloud with higher swings, suggesting the potential for further gains. If XAUUSD rebounds from the 3300 support, the price could extend gains toward the resistance at 3400. Conversely, a break below 3300 could prompt a deeper retracement toward the following support at 3200.
Gold prices saw a modest rebound as traders bought into recent weakness. However, gains were limited by a temporary de-escalation in US-EU trade tensions. President Trump's decision to delay the proposed 50% tariffs on EU imports until Jul 9 has given markets room to reassess near-term risk, curbing safe-haven demand.
A stronger US dollar also weighed on gold. The greenback firmed after US consumer confidence surged in May, bouncing back from near a five-year low. This makes dollar-denominated gold more expensive for non-dollar buyers.
On the policy front, Minneapolis Fed President Neel Kashkari signaled a wait-and-see stance, advocating for steady rates until the inflationary effects of higher tariffs become clearer. This cautious tone adds uncertainty ahead of key data releases.
Traders now turn their attention to the Fed minutes and PCE inflation data for further cues on the Fed's rate trajectory as the potential catalysts for the next move in gold prices.
By Li Xing Gan, Financial Markets Strategist Consultant to Exness
The Ultra Idea : d-MR96nBa's Ultimate Market Journal🌌The Ultra Idea : d-MR96nBa's🌠Ultimate Market Journal🎨
Hello Fellow Travelers
It's been some time since I've posted a Fresh Idea, though I've remained actively trading.
What better way to mark my TradView return, than to start an Ultimate Market Journal.
Financial Markets have taken my deep interest again recently, especially as we seem to be at a time of accelerating change and shifting regimes.
I believe many opportunities abound to those with open, flexible and creative minds.
A bit more about myself.
I've been involved with financial markets in one form or fashion for 18 years now.
I started out like most of us, approaching the game with fundamental analysis, only to later incorporate and then fully graduate to T/A.
I'm a natural Contrarian.
My brand of technical analysis is as much about aesthetics, creative expression, discovering hidden truths and applying Universal Principles as it is running the numbers.
I'm starting this off with Ultra Bond Futures, as UB's are the trading instrument I've come to specialise in, having had the most ongoing consistent success trading.
This by no means is going to be a "I bought here and sold there" type of Journal, as that's not my style.
Nor am I going to focus on a single market instrument, observation or style of analysis.
I'd like this to become a repository of accumulated wisdom and unique market perceptives.
I've just begun contemplating what this may evolve into in time, and I invite you to join me in taking this Leap
d-MR96nBa🌌
Concept
Inversion📈📉
Seek out and analyse whatever moves exactly inverse to what you intend to trade.
If you're having trouble discerning trend or observing price patterns, check the inverse.
This can be an excellent technique for exposing Bias.
This can work particularly well for currency traders, though can be Universally applied.
For US Ultra Bonds, the inverse is the US 30 Year Yield
Ultra Bond Futures
US 30 Year Yield
Currency traders, say you're about to trade AUD/CHF
Check out the CHF/AUD chart first, if they both appear Bullish or Bearish, you've got a Bias.
AUD/CHF
CHF/AUD
GBP/JPY
JPY/GBP
EUR/USD
USD/EUR
Are there any examples of Inversion in Trading you'd like to share ?
What else is on my🧠
Well just casually, I believe we're currently witnessing Peak Bitcoin in it's entire Life-cycle.
Have we Bull Trapped & Breakaway Gapped on Berkshire Hathaway
BRK.B
It's in the Detail
Support/resistance has now been decisively broken.EUR/USD Technical Analysis – Daily Timeframe Overview
Disclaimer: This content is for educational and informational purposes only. It is not intended as financial advice. Please conduct your own research (DYOR) before making any trading decisions.
The EUR/USD pair has recently shown a notable technical development on the daily chart. A key trendline that has previously acted as dynamic support/resistance has now been decisively broken. Following the breakout, the price action has returned to retest this trendline from below—a common behavior that traders often refer to as a "break-and-retest" setup.
Adding further weight to this area is the presence of a breaker block, which is overlapping with the retesting zone. This convergence of technical structures increases the probability of a bearish rejection from this level. Should the market respect this zone as resistance, we can expect a potential downward move targeting the nearest Fair Value Gap (FVG), which has been highlighted on the chart.
However, traders should also consider a contingency scenario. If the FVG fails to act as a price magnet or support zone, further downside pressure could take the pair toward lower levels—specifically, the recent swing lows, which may serve as the next major support area.
This scenario aligns with the current market momentum and structure, but as always, price action confirmation and risk management are crucial.
#AUCTION/USDT#AUCTION
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 11.40.
We are experiencing a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 11.92
First target: 12.21
Second target: 12.53
Third target: 12.86
EURUSD : Wouldn't it be nice .........if the MARKET MAKER tells us exactly what they are up to? Or at least drop a hint.
I mean, if looking at the chart in a certain way can show us when they decide to PIVOT!
Some may rely on candlesticks, patterns, or indicators. However, from my experience so far, they are not good enough at predicting a pivot.
Even the usual AB=CD had its limitations.
If only :-)
Look closely and you will find.
Good luck.
US30 H1 | Bullish Bounce Based on the H1 chart analysis, the price is falling toward our buy entry level at 42098.02, a pullback support that aligns with the 61.8% Fibonacci retracement.
Our take profit is set at 42539.90, a pullback resistance that aligns with the 78.6% Fibonacci retracement.
The stop loss is placed at 41774.23, a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAUUSD H4 | Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 3323, a pullback resistance that aligns with the 50% Fibo retracement.
Our take profit is set at 3266.73, a pullback support that aligns close to the 38.2% Fibo retracement.
The stop loss is set at 3366.41, a swing high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
BITCOIN No different than all the Bullish Legs since 2023!Bitcoin (BTCUSD) has just completed a Golden Cross on the 1D time-frame, the 4th such pattern since February 05 2023. All those Golden Crosses have been formed marginally after the Channel Up bottoms and start of their respective Bullish Legs.
The current pattern is no different than any other of those Bullish Legs. On top of that, the 1W MACD has also formed its usual Bullish Cross that has technically always preceded the 1D Golden Cross.
Given that, when this happens, BTC tends to be at least near the 0.5 Fibonacci level from the eventual top, we can estimate that the next peak might be around $165000. This is another indicator that makes our $150k Target for this Cycle more than realistic.
But what do you think? Are you also expecting the market to explode past $150k? Feel free to let us know in the comments section below!
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USDCHF H1 I Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward our buy entry level at 143.02, a pullback support that aligns with the 61.8% Fibonacci retracement.
Our take profit is set at 145.03, a pullback resistance.
The stop loss is placed at 142.09, a swing low support
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.