The European stock market is currently experiencing a wave 2 correction, according to Elliott wave analysis. The DAX 40, FTSE 100, DXY, GBPUSD, and EURUSD are among the key indices and forex pairs being affected by the stronger USD and softer FX pairs. As a result, commodity stocks are also impacted. Given these market conditions, the recommended trading strategy is to take a short position for the aforementioned indices and forex pairs. Investors and traders who are interested in maximizing their success in the European stock market can benefit from incorporating Elliott wave analysis and these trading strategies into their investment approach.
Market Summary: Stronger USD Softer FX pairs, commodity stocks...
Elliott Wave Analysis Indices and FX Wave 2 correction
Trading Strategies: short side for Indices and Forex pairs
TRIAL Buy 1 Month Get 3 Months; tradinglounge.com.
Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.