A look at the day ahead in U.S. and global markets from Mike Dolan
Markets took a deep breath on Tuesday after Wall Street’s shock start to the week, with the emergence of cheap Chinese artificial intelligence rival DeepSeek lopping more than half a trillion dollars off what had been America’s most valuable firm Nvidia.
In trading, consolidation is a technical term that describes when a security’s price moves within a set range, without a clear trend. It’s a period of market indecision, when buyers and sellers are unsure about the next price move. (AI Overview)
I was doing a little research on risk to reward and I just found out that the lower ur risk to reward, the higher ur win rate, a 90% win rate is possible if you are risking $9 to make $1, go and backtest this for yourself, the trade above is a $5 to $1 inverse risk to reward trade, entry based of the moving average and bullish engulfing
EUR/USD AT 1.04195 REACHED ITS CONSIDERABLE LOWEST POINT TUESDAY MORNING AND HAS RETRACED SINCE THEN. AS AT THIS TUESDAY MORNING OF 28TH JANUARY 2025, EURO HAS RISEN TO THE POINT OF 1.04429.
THE EURO IS ON AN UPWARD TREND. IT HIT 1.04940 MONDAY NIGHT AND A FURTHER UPWARD MOVEMENT WAS EXPECCTED BUT MARKET RETRACED OVERNIGHT IN A SHARP DOWNWARD SLOPE AROUND 12 MIDNIGHT NIGERIAN TIME LATE YESTERDAY.
I THINK THE MARKET IS STARTING TO MAKE AN RETURN TO ITS PREVIOUS LEVEL AT 1.04940 THOUGH PRESENTLY AT 1.04424. THE MOVEMENT UPWARD IS SLOW BUT STEADY. IN A FEW HOURS/ DAYS THE EURO SHOULD HAVE MADE A 100% RETURN TO ITS FORMER TREND.
THIS IS MY HONEST POSITION THIS EARLY TUESDAY MORNING AT ABOUT 10:40AM NIGERIAN TIME.