RILY Financial? RILY FUGGEDABOUTITIn my past RILY analysis videos, the basis of our theory of a potential breakout and short squeeze was bulls being in control and holding the teal taper. Since then, we've broken through and shown 0 control by the bulls - and bears are now well in control using the strong selling magenta channel.
This company shot themselves in the foot with sketchy dealings and will now be in full-on recovery mode.
Happy Trading!
Notapering
USD/CAD will suffer a correction before Going UpUSD/CAD will suffer a correction before Going Up
💹USD/CAD ⏬SELL
✅TP-1# 1.28200
✅TP-2# 1.27400
FOMC preview
- FED Seeks to downplay rate
- FED Is not expected to announce any major policy change
My Forecast : This Pair Will fall because the conditions are not met to start tapering this year
After Settling at a 1.2896 high, this pair requires a pause before going up
References :
DBS Bank
However, technical indicators and seasonality studies hint the pair may need a corrective decline before it finds fresh oxygen to challenge higher levels,
Benjamin Wong, Strategist at DBS Bank, reports
Link : www.fxstreet.com
FOMC FED - Yahoo
Link : finance.yahoo.com
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BE VERY Careful this is FOMC WEEK 21 -22 September. The movement can be huge. Prepare your stop loss if we are in the wrong direction.