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- On record: Trade #xxxx1236 in MT4/FXCM accnt.
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CROW Signal Service:
Another downer for $NZD: Milk price fall for a third consecutive times. This is viewed as a $NZD bearish fundamental event, as it negatively impact the export revenue of the country:
$NZDUSD = Bearish
$AUDNZD = Bullish
* * * Bearish for $XAU / $Gold and positively correlated Forex pairs: $AUD, $CAD * * *
77% Swiss rejected plan to force CB to buylarge $gold quants at 20% reserve.
Bearish pressure on commodity #forex pairs:
$AUD and $CAD vs. $USD
Waiting for 1.07398. Stop-lossed on (too) tight Entry parameters.
Outlook remains bullish ONCE 1.07398 gets hit. If price falls and continues below my SL, I'll move on.
FYI - SL can only be defined based on the percentage of trader's risk of loss/risk tolerance, which is a function of the trader's total asset and risk perception. I recommend a standard 1.414 extension from prior swing as my parameter, then define a position size based on the acceptable loss.
$AUDUSD completes geometry at Point-5; Favors Bulls; Target intact:
via @tradingview | $AUD $USD $XAU $Gold #forex
From Twitter \ $NZDUSD Thread:
$NZDUSD Bearish - Weakness in $NZD would certainly help our lofty $AUDNZD forecast:
@tradingview $NZD $USD $forex