The harmonic bat pattern is a powerful tool for traders seeking to pinpoint market reversals with precision. Using Fibonacci ratios to map out key price movements, this pattern offers traders the chance to enter high-probability trades. In this article, we’ll break down the bat pattern’s structure, how to identify and trade it, and common mistakes…
On Friday, the Australian Securities and Investments Commission (ASIC) announced it has cancelled two Australian Financial Services (AFS) licences and 11 Australian credit licences. The cancellations took place based on various compliance failures. These reportedly included non-membership in the Australian Financial Complaints Authority (AFCA), late lodgement of annual compliance certificates, failure to submit financial statements,…
Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straightforward approach utilizes 3 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied…
Investing.com – The U.S. dollar traded with small losses Friday, but remained on course for weekly gains as traders reassessed likely Federal Reserve rate cuts in the wake of the strong payrolls number. At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower…
Introduction to TrendWolf EA The TrendWolf EA for MetaTrader 5 (MT5) is a Forex Expert Advisor designed to automate trading decisions based on a trend-following strategy. It integrates a built-in indicator to initiate buy or sell trades depending on the market trend. This “Trend Follow” approach ensures that the EA capitalizes on ongoing trends, increasing…
The US Securities and Exchange Commission (SEC) said Thursday that it has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in in more than $2 billion of crypto assets. The SEC alleges that Cumberland has been engaged in buying and selling crypto assets offered and sold as securities for its…
Gold price started a fresh increase above the $2,618 resistance level. WTI Crude oil prices are gaining bullish momentum and might even test $78.00. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today · Gold price started a steady increase from the $2,600 zone against the US Dollar. · It cleared a key…
Data shows that USD/CAD has formed seven consecutive bullish candles since 3 October, and today could mark the eighth in this sequence. This strong rise in the pair has been driven by the strengthening of the US dollar amid several fundamental factors. Media reports suggest that traders are reassessing the likelihood of further Federal Reserve…
London-listed CAB Payments Holdings confirmed on Thursday it had received a revised, unsolicited, non-binding takeover proposal from US-based financial services company StoneX Group. The company said in a release that the proposed offer values CAB Payments at £1.45 per share, consisting of both cash and a full share alternative. The offer represents an 18% premium…
Yesterday’s Consumer Price Index (CPI) data showed that inflation in the US continues to slow. The rate fell to 2.4%, down from last month’s 2.5%, but slightly above the experts’ forecast of 2.3%. These figures supported the dollar, as slowing inflation and a strong labour market may lead the Federal Reserve to refrain from aggressive…