EUR/USD: This market has been moving steadily in the...
The Direction of Highest Probability on the Weekly chart remains Bearish unless price makes a higher high (1.2011). On the Daily chart I can see that the counter trend line was broken to the downside suggesting that price is moving to the Fiboinacci D extension at 1.1593. I am not going to engage in any sell trades at this stage due to the USDOLLAR index not being confirmed ...Continue Reading
Close a Position (Position Squaring)
To eliminate an investment from one’s portfolio by either buying back a short position or selling a long position.
An individual or firm that acts as an intermediary between buyers and sellers, usually for a fee or commission. A dealer, by contrast, performs the same service but commits capital and takes one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party.