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Is Bayer Going To Need Aspirin For Their Roundup Issues?Bayer is a descending Triangle Chart Pattern Strong support level has been re-tested several times Continually lower highs puts pressure on this support level Best patterns have dropping volume and volatility/ATR Fewer traders are interested in this consolidatation At some point expect an explosive breakout Trade Plan Wait for a close below the support level Full trade size if volume is at average atr line 1/2 trade size as long as bar has 75% of average volume Enter two trade Both trades SL is 1.5xATR 1st trade TP is 1xATR 2nd trade no TP let profit run When price hits 1st TP move 2nd trade AL to breakeven Let profit run If breakout candle is more than 1 ATR wait for price to retrace back towards 1 ATR level to enter
MIL:1BAYNShort
by Tradingstrategyguides
Who's gonna win the match?(***DISCLAIMER: I'm not a professional trader, this is not financial advise, you shouldn't make any trade based on this idea***) Hello everyone! It seems like JUVE broke out of a triangle formation and could easily reach its previous ATH, around 1.80€ range, if it's going to win tomorrow's match against AJAX FC. On the fundamental side sentiment (and expectations) are pretty high, especially after Juventus FC last game, as it is one of the favourite UCL teams. Let's see how this will play out!
MIL:JUVELong
by UnknownUnicorn1215999
Expect a Downturn in EM If you Expect a Downturn in the USIts not quite a great idea to invest in EM if one is expecting a downturn as EM will be significantly hit from drying up liquidity via outward capital flows and lower investment. Happened in 2008 with the liquidity crisis and again in 2011 with the EU sovereign debt crisis. We can see this relationship between developed markets and emerging markets through a correlation coefficient between the S&P 500 and the most liquid emerging markets ETF in the world EM. Moreover, EM is vulnerable to a Chinese financial crisis as well if the Chinese can't figure out how to lower their debt levels which they really havn't yet. Either way, I would avoid EM at these price levels.
MIL:EMShort
by WhiskeyTangoFoxtrot3