Since March 15th, BA has been struggling with a two month downtrend after a good 2020 price recuperation.
Its clear how the downtrend was loosing volume and strength with the pass of the days.
We can observe, a really good bounce on 220-225 price level (Previous key resistance) and a breakout of the midterm downtrend.
Still really far from 2018-2019 prices,...
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy,...
Boeings 5 waves (elliots wave) have been completed and the price has retraced to point 4. Their recent earnings are being made public tomorrow; assuming they wont be great at all due to the coronavirus pandemic slashing its production rate.
I can see the price falling close to point 4 again, perhaps $135-$140.
Fundamentally, GBP is still very weak. The economy is on verge of another stand still with a potential second lock down imminent as Boris already changing lock down rules in England and other parts of the UK struggling too. Par the BOE news this morning, there are not many positives the UK are facing. In fact, the BOE interest rate cuts to negative was just an...
Tesla, Boeing, Apple, Amazon, Beyond Meat - all shown in this video.
This is an incredibly powerful strategy, we are only just touching the service with this.
Take a look, it speaks for itself.
Moving forward we will be sharing more stocks and Crypto trades using our strategy - as you can see they work too.
Some of our traders have used this to capitalise from moves in major stock prices.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too -...
So... the UK data coming out today is pretty important, if bad it increases the chance of a rate cut by the BOE, but if positive it kinda kills it! So there should be pretty big movement on the GBP if the print is better than expected or worse thane expected!
The video pretty much explains our thinking here and our trading tactic, we are long on GBPUSD and we are...