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Roundnumber

AUDNZD DAILY SHORTIM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). Another confluence is this trade setup is in line with the fundamentals because the RBA (reserve bank of Australia) said there is a possibly there could be another rate cut in the period ahead.
Short
by remelthomas
1
BAH earnings due todayEarnings season can be quite frustrating but with BAH we only have to wait for today's session to close before we can reassess it's worth. The earnings announcement is due before the markets open. This stock hasn't been trading very long, so is not one I would normally consider. Volume is also low so for that reason I will most probably rule it out - for now. However, if these are not an issue with your trading plan then BAH is worth a look. During the second half of 2014 a rather nice rounded bottom formed - it looks more uniform on the weekly chart. On the daily chart it appears to have tried a cup and handle but the handle failed. Since then price has retested the previous resistance three times but managed to stay above (with only minor breaches).More recently there was a doji bounce from the daily 50ma. The measured move from the rounded bottom does not appear to be quite complete but with earnings due today, and the $30 round number not yet cleared, it is worth standing aside until these two issues are past. But longer-term a buy opportunity seems likely.
NYSE:BAHLong
by iAnneTrader