USDCAD looks ready for a nice fall NICE RISK:REWARD ratio 11.11
NZD and USD tend to inverse corelate very well and with USD artificially inflated despite the rate cut from yesterday i aspect NZD to show some strength. In addition the EMA`s tend to signal the same thing, double confirming the above idea. This trade looks very safe but i choose to have a very tight stoploss, can be modified accordingly to your account, but...
Go up, sky is the limit, if you are up no one can look down on you Read my previous public ideas to understand more about this trade, don`t be greedy and always remember the times your lost, because those who don`t remember their mistakes will make same mistakes again.
GBP is cheap and USD is still maintained artificially as a strong currency despite the rate cut.
RTL Group has dropped from about 10% in may due to bad results. The consolidation has been generated quickly on the chart in 1H drawing an ETE. The neckline is currently attacked by buyers and will be broken soon. A bullish trend will directly follow the break with growth potential of 5 to 10% on a very short timeframe.
RTL is like a zig zag in a long term perspective. But for short trades it's a good stock. There is an oversold condition but the momentum becomes less negative. Due to that, the stock can rally and reaches the 76 euro level. First of all, the 68 level has to be broken. This will happen within a few weeks. The formed double bottom at the 64 level is a great...