follow for more trades, updated from this trade;
REASONS FOR TRADE:- GBP and CHF interest rates have not changed hence a signification in the direction of trend.. but the Konjunkturforschungsstelle Swiss Institute for Business Cycle Research capturing the economic trend in Switzerland signifies optimistic view for consumers encouraging more spending. while the GBP report signifies the viceversa and consumers...
Apple reported U$58.31 billion in Sales Revenues for its first quarter of 2020.(sales contribute 30% of the stocks price).Expecting lower sales in apple products due to the increase in unemployment in the USA, and the looting of alot of high end stores(apple included).als the whispers number turnover for apple during the Q3 period is expected at; 3rd Quarter June...
The price of gold has traded to fresh yearly highs during every single month so far in 2020, and it remains to be seen if the bullish behavior will persist in June amid the limited reaction to the Fed testimony. Nevertheless, the prepared remarks for Congress suggest the Federal Open Market Committee (FOMC) has little intention of deploying more non-standard...
REASONS.. EXPECTING PRICE TO SELL FROM 1700-1705 LEVEL TO 1645-1638 LVEL WAVE THEORY ILLUSTRATED AS SHOWN BELOW
REASONS.. THE COT DATA DATA SHOWS THAT HEDGE FUNDS ARE STILL NET LONG... SO EVEN THOUGH IT IS A STRONG TRENDLINE THERE IS NO MONEY TO BACK UP THE REVERSAL
1666.. IS ONE OF TODAYS PIVOT POINTS... COT REPORT SUPPORTS XAUUSD LONG SO EXPECTING THE BUY LIMITTO BE ACTIVATED WITH A 1;7 RISK TO REWARD RATIO..
REASONS ON CHART DISPLAY..AWAITING IMF, COT REPORT FOR CONFIRMATION
THE CORRECTION WAVE (1 DAY TF) RETRACED FROM 0.618 FIB LEVEL AND BOUNCED OFF 0.5 FIB LEVEL..FORMING A BULLISH FORTRESS WHICH IS A BULLISH REVERSAL PATTERN EXPECTING PRICE TO CONTINUE RISING UPTO THE 0.718 LEVEL WHICH ALSO CORRESPONDS WITH THE DOUBLE TOP NECKLINE
NEAR LOWER TRENDLINE..1 DAY TF.. EXPECTING PRICE TO REVERSE UNTIL THE NECKLINE OF THE DOUBLE TO.. PROBABLY THE COMING WEEK
EURCHF..has reached the weekly trendline.. Expecting it to retrace from one of tomorrows pivot points to the neckline region of the double bottom pattern below.. 1.06000 zone..Awaiting cot data and pivot point confirmation before entry
WEEKLY CHART IS ON A DOWNTREND EXPECTING IT TO CONTINUE TO THE IMPULSE WAVE AFTER HITTING 0.618 FIB LEVEL OF THE FORMER IMPULSE WAVE...COT, PMI AND INFLATION REPORT ALSO SHOW NZD IS WEAKENING WHILE JPY STRENGTHENING...