Trusting Inv H&S Formation Beyond the Weekend
Some subscribers complained that last Tuesday's Premium trade (Aug 27) shorting the DAX30 was issued too early in the morning (many did not hear the SMS, see the email, Tweet or Telegram notification), but the market did pull back for at least 2-3 hrs to get everyone (at every timezone) at the stated price range. The trade is currently about +300 pts in the green. We decided to risk sticking to the trade into the weekend, while cautioning in favour of taking partial profits before Friday's s close and keep 1/2 or 1/3 of the trade, depending on your positioning/sizing. As in all other Premium trades, there is technical and fundamental rationale laid out below in English and Arabic.
Feb 21, 2020 13:14 | by Ashraf LaidiIn a phase when unwinding of carry trades and risk-repositioning dominate FX markets, beware from excessive divergence from the data.
Feb 19, 2020 11:43 | by Ashraf LaidiCMC Markets' share price performance maintains the lead among major forex brokers since our last update six weeks ago.
Jan 7, 2020 11:17 | by Ashraf LaidiThe latest on share price performance of major forex firms shows CMC Markets in the lead, up 34% since January 2019, followed by IG Markets' 20% and Swiss Quote at 9%.