@Maria Ashraf's tweet for shorting EURCAD makes absolutely no sense at all. The chart showed strong support at 1.5775 and since Ashraf's tweet about selling it, shot up another 100+ pips. Never short at support and only short near resistance if and only if a clear rejection is demonstrated. Neither is the case here with EURCAD in the last 24 hours. Look at the 4 hour chart, there is not a single red candle. I am not saying the man is wrong, just that the call is premature at best!
I would encourage you to learn more on your own and develop the analytical skills. Just because the Man got the Yen calls correct this month, does not mean you should blindly follow every single word on his tweets/forum IMHO. Good luck!
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
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-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Ashraf's tweet for shorting EURCAD makes absolutely no sense at all. The chart showed strong support at 1.5775 and since Ashraf's tweet about selling it, shot up another 100+ pips. Never short at support and only short near resistance if and only if a clear rejection is demonstrated. Neither is the case here with EURCAD in the last 24 hours. Look at the 4 hour chart, there is not a single red candle. I am not saying the man is wrong, just that the call is premature at best!
I would encourage you to learn more on your own and develop the analytical skills. Just because the Man got the Yen calls correct this month, does not mean you should blindly follow every single word on his tweets/forum IMHO.
Good luck!