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Huge friday on forex-some insight As told on previous analysis, break of range will determine the sentiment of the market for this new month. Expectations with dollar,QE3 and every investor waiting for Powell to open its mouth, turned things spicy today. I wanted to see a lower correction, before & due my macro, see gold rice & shine; banks-algos had other plans. They happened to manipulate like b%·$%es today. First order was set around 12,000 lots over 2.1 billion dollars to then drop another 465 lots with and parox. value of 465 million usd, causing market going crazy volatile... for newbies. Even Though it was a huge move, it was only 1.3% intraday. We are talking of a range of 3000 points, so if you blew or are scared of this moves, you should start asking some questions to yourself. That's why gold gives a lot of opportunities, but people over trade/leverage & dont chase the money. If bulls break 1834, price will be back to the rally for new ATH with all this delta stuff. Im not a swing trader i dont care much, i look at opportunities & take action. Im here to play big, not to play for flashing moments. Have a nice weekend guys, develop your startegy & auto the zhhiet out of it so you can milk as much as your margin allows you. Keep learning risk management; study your brokers price contracts, leverage, how much can you hold? how long you'll stay; hedge, martin, whatever you do, do it based on statistic, probability not imaginary lines. Money moves forex, fractality and sentiment. Dont chase dreaming ideas or laggy indis. Forex allows you to study past price history and you still trying to predict the future based on nothing literally? You say price tends to behave the same, but you still try to guess where to enter instead of not giving a damn nothing and start doing your job and study volume, Linear regression,equity models,stochastic &statisc, margins of safe, etc. Well, people just lazy and blame system why they are broke hahaha Have a good one traders.
OANDA:XAUUSD
by DropOutCollege4FX
PERI - Upward and OnwardPerion Network Ltd is an Israel-based global technology company. It delivers online advertising solutions and search monetization to brands and publishers. The run for digitization during the Covid Pandemic has provided a stellar price increase for the stock followed by a somewhat laggard performance in 2021. The fundamentals of the company look solid and my personal believe is that the growth potential of the company is not really reflected in the current price. By not being a large US entity the company might have been somewhat overlooked by the market. Key Fundamentals Solid revenue growth of 41% yoy No long term debt on the balance sheet High operating cash yield of 120% RoI 10.1% Technical The price seems to form a wedge since its all time highs, currently trading just short of the upper leg of the wedge in what seems to be short term resistance around $20, ahead of the July highs of $24. Wedge formation since all time high in March Short term support around $17 Medium term support around $15 MACD trading flat with no clear signal RSI just short of overbought territory, confirming first resistance (R1) Conclusion Potential Long position below current levels, I'd be happy to own the stock anywhere between current levels and $17.I see longer-term upside as long as the earnings maintain momentum. Breaking through the wedge at $20 will be key in the short run however. I would align my exit with current analyst consensus at $28 while maintaining a SL in the $15-17 area. ***Disclaimer: This is my personal view and does not represent trading advice. I publish this as a personal trade log and to keep track of my findings and believes. Do conduct your own research before investing and do not trade what you cant afford to loose.***
NASDAQ:PERILong
by SLRK
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