On the M30 chart the trend started on Oct.8. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 172.60
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave...
Guys, one of the companies that does well from a weakening USD is Qualcomm (ticker - QCOM). Qualcomm is a company that will do well with a weakening USD because a lot of its operations are offshore USA.
From statista.com:
"Qualcomm revenue worldwide 2018-2023, by region
Published by
Thomas Alsop
, Jan 5, 2024
Qualcomm's revenue was a total of...
