Current Corn Short
Entered originally, and admittedly prematurely, when we saw price touch the 61.8% fib retracement level.
Entered a short position last month as price has been steadily falling since June last year.
The falling price of corn is being caused by simply an overabundance of supply, and a lack of increased demand.
On the supply side, we have...
Here we look at EURUSD holistically.
We check out the commitment of traders and the sentiment that all suggests we should expect more shorts in the near future... We discuss and show a few reasons why retail is short and as always do the opposite
Seeing that AUDcad seems to be failing to close above recent highs.
It appears that AUDcad was losing bullish momentum.
COT data reported a weakening AUD and a strengthening CAD.
Market came to test dynamic Daily Resistence. The test seems to have apprached the resistance in a rising wedge/flag correction. The top of this inner corrective channel formed a Double...
FOREXCOM:AUDUSD After the rejection from monthly & weekly resistance.
I’m on the bearish side on AUDUSD for now.
Let’s see what is the reaction of the price in the next few days!
price will start a down trend. from 0.7765 to about 0.7680
ENTRY PRICE = 0.7735
T/P =0.7680
S/L = 0.7750
Risk/Reward Ratio : 3.67 FOREXCOM:AUDUSD
