sell @ 105.992
We have lots of fun stuff going on here. Price is heading into previous structure and resistance zone which have proven itself several times in the past. We have a bearish gartley just about to reach its D completion - which in turns comes very close to the previous, broken, bullish trendline which also should act as resistance. Looking at the hourly...
End of the bull run Global Equity Indexes: 1. SPX/ Global Equity indexes in the past 2/3wks saw a post-brexit central bank easing induced rally, as many CB released dovish statements following the vote which spurred investor confidence in fresh easing. - IMO much of the bull run was based on BOJ easing hopes, given the size of the economy (4th largest)...
I have already entered this trade but I still think there is time. This year the SNB are going to be actively trying to weaken their curreny and the China slump will cause safe heaven flows through the JPY so overall downside is expected. Learn to trade like a pro boafx.com
We are showing this trade on the weekly chart but all time frames are showing a possible reversal in line with the recent fundamental data. The Capex figure from AUD was very poor yesturday giving potential weakness to the AUD and last nights good CPI data and employment rate from JPY stakes this currency pair in the weak/strong intraday catorgary. Although long...