Trade Idea: Selling ESP35
Reasoning: Big resistance
Entry Level: 8294
Take Profit Level: 8053
Stop Loss: 8366
Risk Reward Ratio 3.35:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
Industrial production fell 1.8% in March on month, the sharpest fall since May 2021, data from the country's statistics office INE showed Friday. In February, output increased by 0.9%.
On an annual basis, industrial production rose by a marginal 0.1% in March, the data showed.
The Spanish economy, the eurozone's fourth largest, expanded 0.3% in the first quarter...
ESP35 or IBEX35 chart is a classic 'Go Short' example.
We like to hedge (Buy the strongest/ go Short on the weakest) and this one in particular is (still) the definition of the second category:
-The European Commission lowered its forecast for Spanish growth this year as the country's recovery from the COVID-19 pandemic lagged behind other European...
In the name of ALLAH who is most merciful and the master...
We take trading as a business, not a gambling stuff.
We have calculated approximate risk to reward ratio.
Please note:
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stops to your entry levels after the price moves 100 pips towards...
With the supposed China "phase 1" deal being agreed upon...even though when no actual facts are really being presented and now the Americans are claiming it will be signed mid January...the trade has still been risk on.
Markets globally liked the news as some uncertainties dissipate and we are set for a Santa Clause rally.
I like what I see in the Spanish...
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few...
Here got a beatiful set up with a lot of possibilities for a super swing ,we got a break and close above the descending TL that lines up with that AT 38% fib and if we zoom in we got a nice bullish candle pattern and all this after the higher timeframes finished the 5th wave indicating a possible trend reverse that seems to be confirmed after a new weekly high was...
As the chart shows the downtrend line hold strong but a small dead cat bounce happened on support, breakdown might continue if support is tested again.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions....
At present it is not looking good for this index.
I predict it will fall tremendously to the 4000-3000 area.
This dark cloud cover has been confirmed.
Stop: 11239
