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10/06/21 10:53
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Posts
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Look Ahead 24/03/23: Japan CPI; PMIs; UK Consumer; JD Wetherspoon results Growth swings back to the fore as traders watch out for inflation data out of Japan; PMIs; plus consumer confidence and retail sales numbers from Britain. British pub group JD Wetherspoon reports earnings. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Thursday 23 March 2023 -
By DominicWalsh · Posted
#GBPCAD: Pullback From Key LevelGBPCAD reached a major horizontal resistance.The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame.I expect a retracement from the underlined structure.Goals: 1.68 / 1.677 -
By DominicWalsh · Posted
#EURUSD: Important Breakout 🇪🇺🇺🇸 Bulls push 🟢EURUSD heavily after yesterday's Interest Rate Decision and FOMC. The price has successfully broken and closed above a solid horizontal supply cluster. The next solid resistance that I see is 1.099 - 1.103 area. Probabilities will be high that it is the next goal for buyers. For those, who missed entries, I strictly recommend waiting for a pullback first. I will post an update later on. For Additional confirmation use: Xmaster Formula MT4 Indicator
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Question
Guest MJR4
I've noticed that the points away minimum has suddenly increased dramatically from what it was previously. For example if i try to place a trade for GBPUSD i cannot do so without placing a stop thats at least 276 points away which doesn't seem to make any sense. This seems to be the same for all markets as far as i can see.
Could someone please explain why this is the case as it doesnt seen right?
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