if the price go down to the level of 15.30 then I will look for an opportunity to go to Long the expected stop-loss 15.17 if the market does not adapt to my imagination, then I will'll be watching the price further
With commodities collapsing and the BOJ announcing further easing and loose monetary policy, AUD/ JPY provides the best instrument to ride both the decline in commodities and the softer yen.
Slightly better US data immediately caused $USDJPY to start climbing and after clear BREAK of daily resistance mean it's a long or sideways. Not shorting it! When we get a clear sell signal (pressure of sellers) we should consider start closing the position. This trade can make 300 pips if trend continues.
Correction trend line was broken we wait for down trends
The Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market. I do believe that this will cover the gap and then begin moving downwards. I have set a very short SL and have a very healthy 2.38:1...
Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @...