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GBP/JPY Short setup. I'm a bit late on this one since I haven't been working on any JPY pairs. But I'll start. My first level was reached and there has been a push down from it so far. Not sure how deep it will push for or for how long. I marked the first level retrospectively but as you can see from my past postings, I always draw the zones out like that. I will be paying attention to the next level. If price gets there soon, I will be sell the market from there. I think price will drop and fluctuate before getting there but if it gets there sooner, that's better. It might not get there at all and that's fine. There will still be opportunities later or elsewhere. FX:GBPJPY
Short
by PEAKFINDER
Safe $ACM ShortACM is the most poorly positioned commercial construction company on the market on a financial and technical basis currently. We take advantage of a slow down in commercial building with commercial banking stress. ACM is only off 10% from highs currently only 6 weeks ago. ACM Book value is 4.52, 20% higher than its industry average. Profit margin is 7.81% for industry at 20.61%. 5 year declining revenue growth at -6% annum. Long term debt to equity is 110% to industry average of 80.5%. I think this could easily drop 50% into a recession. I have profit take at 33% support with stop loss just over highs at 14% for a RR of 2.39. I have a short position in ACM currently.
NYSE:ACMShort
by dilille010
NZDUSD ELLIOT WAVE BREAKDOWN (FINAL POSSIBLE DROP)NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out... Trade Idea: - Watch for a break of the red trendline for confirmation - Enter with stops below price - Targets: 190 pips Goodluck and as always, trade safe!
Short
by Ifeanyichukwuxx
1