Zaimi Yazid / Профиль

Yellen's Testimony: Scenarios & Market Reactions -Federal Reserve

How to minimize a risk which we cannot avoid at all?

-must have a stop loss.
-move a stop loss/break even once trade going in our direction.
-entering a trade in support/resistance & supply/demand zone.
-entering a trade if have many confluences.

any else?

EURUSD - From an Elliott wave perspective its plausible (not certain however) that a low could already be in place. A break below 1.1237-1.10 is necessary to suggest that the market still has one more leg to the downside. -Bloomberg

GBPUSD - a break below 1.5376 looks imminent and ultimately should open downside risks to ~1.50-1.4952 (lows from late-Jan./early Feb.) -Bloomberg

usdchf consolidates its gains as it continues to hold in a high level range.

resistance shows at 0.9297 initially, with a break higher needed to see scope for 0.9347/0.9361 and then 0.9532. above can then see scope for the 55-day average and 78.6% retracement resistance at 0.9588/0.9624 which would expected to find a cap.

eurusd was unable to extend its rally above the falling 21- day average at 1.154 and has staged a turn lower.

support shows at 1.126 at first, followed by 1.122 and then the cycle low at 1.11. below here is needed to signal a resumption of the core bear trend towards our medium-term bear target at 1.0836/1.0765 – price and 50% retracement of the 1985/2008 bull trend.

technical analysis on gbpusd. buy or sell?

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