Many traders are keen to improve their understanding of this fascinating principle, based on a recurring structure and cyclic model. This Ebook will reveal:
Market Sentiment Sours Amid Ongoing Geopolitical Risks
Asian stocks were painted red on Tuesday morning as continuing geopolitical risks and surging Covid-19 cases in China dealt another blow to risk appetite. In the currency space, the dollar got off to a shaky start despite the rise in Treasury yields while gold extended losses, sinking closer to $1900. Also falling are WTI oil prices which fell below $100 as China imposed lockdowns in key cities.
Trade Of The Week: GBPUSD – Battle Of The Hawks
Key Events This Week: Fed, BoE set to hike interest rates as war continues
Another whipsaw week of price action should be expected with the ongoing conflict in Europe clashing with major central bank meetings from the US Federal Reserve and the Bank of England.
Here are the key scheduled economic data releases and events slated for this week:
Tuesday, March 15
Week In Review: Ongoing Geopolitical Risks, Blazing US Inflation, Hawkish ECB
A wave of risk aversion swept across financial markets on Monday following news over the weekend that the United States could potentially ban Russian oil imports. Asian markets were a sea of red while European shares tumbled to a one-year low as investors rushed towards safe-haven destinations.
Traders looking to enter the market are often sent off on a journey to discover the ‘holy grail’ of market entries. They study numerous theories; Japanese candlestick reversals, contrarian theory, oscillator divergence, wave theory, and others.
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Open accountWhen researching the Gartley pattern, one can come across many different versions, as different authors add their own “two-cents”. Newcomers to technical analysis may therefore have some difficulty identifying the original pattern itself as presented in 1935 by H.M. Gartley himself in his book Profits in the Stock Market, so for anyone interested — let me present it here!
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Open accountAll traders, regardless of their experience or background, know that having a solid trading system as part of their arsenal is mandatory for potential success in the forex market. What I mean by solid trading system is one that has been tried and tested, with a proven track record of reaping profits while simultaneously minimising losses. Furthermore, a robust trading system is one that is defined by trends; in other words, it’s a trend-following system.
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