It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
Apple ran into resistance
2019-11-11 • Updated
SELL 207.00; TP1 205.00; TP2 202.50; SL 206.00
The stock of Apple met the resistance of the line connecting 2018 and 2019 highs. The price didn’t manage to move beyond 209.00 and formed a small “bearish engulfing” pattern on D1. In addition, Awesome Oscillator shows bearish divergence. This allows us to expect that the stock will undergo at least a small correction to the downside.
Are you searching for trade opportunities for December 6-10? Here you go!
What happened? Sir Richard Branson risks losing his grip on Virgin Galactic as he continues to sell down his stake in the space tourism venture to fund his pandemic-hit businesses…
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?