Buy Ultra Electronics (ULE.L) Ultra Electronics Holdings plc provides solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. Its market facing...
BEARISH SETUP for $ULE (2x EURUSD in a single day) Waiting to be returned to 2015, early Dec. levels
Given the technicals on this chart, it seems like going long EURO is the safest bet. The USD had good run, however with the global markets hinging on depressionary territory, a collapse in the USD would help exports thus helping it maintain Global Reserve Currency status. I've laid out the LONG term target, with this, directional scalping becomes easier, or more...
Folks on this site seem to know a lot more about currencies than I do. But here is how the euro looks to me. In EWT (which I recommend you NEVER use by itself) one form of consolidation in a correction is A,B,C with the B wave a 5 wave triangle a,b,c,d,e. I think that is what we likely have here. Often the C wave is some Fib relationship to A such as C=A, C=.62X...