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Showing posts from April 17, 2016
Weekly comprehensive analysis For the period (April 18 th –april24th 2016) www.marketstitan.com Previous week: WELL Done , I have achieved my previous week EUR/USD target. We have seen some fluctuations a range trading due to the incompatible oil news. Eventually the week had closed consolidating with most of markets due to the Doha meeting held in the 17 th .           Some buddies have asked me about the GBP/AUD and GBP/NZD trades that they are still dropping despite the fact that I have pulled out of this trade. The reason is pretty obvious in the next chart               You can see that the weekly chart for the GBP/NZD has a 78.6% retracement; in addition, a significant down wedge that will break out in the opposite direction sharply not less 4000pips!!! So I have to be cautious. Next week:          ...