2019-11-11 • Updated
Trade idea
BUY 31.40; TP1 32.00; TP2 33.00; SL 31.10
Have a look at the stock of Bank of America (BAC). Last week it released a positive earnings report and investors liked it a lot. The stock is at the highest levels in a year, above the resistance line from the 2018 highs. Yesterday it closed above the $31.00 mark.
Notice that the price action is in line with the bearish harmonic “Butterfly” pattern. It means that the price has firstly to complete the pattern by rising to the 33.00 area. Then it will start correcting down.
You can trade stocks with FBS using MetaTrader 5.
For the third time in a row, Apple reports a dip in sales as it releases its report for Q2 2023. The announcement led to a 7% drop in stock prices as more investors seemed to lose confidence in the stock’s performance.
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!
Are you searching for trade opportunities for December 6-10? Here you go!
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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