My free lunch at your expense could be a banker’s creed or motto. Not socially acceptable to call out out but forex chart evidence based on the number of wash n rinse phenomenon in the last 12 weeks is loud and clear.
Good short fulfils two criteria: Price meets resistance. Price makes reversal pattern. Based on these criteria, shorting EURGBP is not a good bet. Member section (login required) with further elaboration below.
Log-in required. WTI is downtrending since the last 2 weeks with clear lower low sequence and almost equidistant retracement. We are looking at a repeat of this price action and critically inspecting H4 chart.
Last Friday close shows a bearish expansion in USDSGD. Lined up in daily, H4, and H1 context, you can see why. If a short signal appears, it is following Double Top logic. However, a bullish 1-2-3-4 could appear later on daily time frame (after a short is completed). So we are going to be careful about where to close our short because once 1-2-3-4 appears, there may be a plan to go into a swing long mode.
Blog post on HK and SG-listed Leyou and Japfa picked up by stock screeners. Both show huge rally in the protein segment that perhaps has to do with Sino-US trade war that’s happening now.
© 2021 Copyright onlineforexmaster.com is a business unit of TerraSeeds Market Technician Pte Ltd. Company Registration Number 200512349Z. Term of services and privacy policies. Images from icons8.