HCP is trading in a short term rising channel, and since it is re-testing support-turned-resistance at 33.80-34, it is very likely to break out of the channel to the downside. The measured move takes us down to ~28.50.
EURUSD H4 chart delivers a good entry for short positions. RSI (13) twice crossed below (from above) the 70ies and along with the candle patterns it composes a negative divergence. Price almost reached weekly (pivot) R1 line that proves to be another barrier in front of the price. I think all of these elements ...
EURUSD keeps declining driven by its short term resistance line (drawn red on chart).
In view of this I establish a short entry setup right at the 50% FIBO retracement of 29/7 (1.10784) and yesterday's low of 1.0882.
The idea is well backed up by the fact that price is well below the 100 hour simple moving ...
Here we have a nice bearish bat pattern completion at a very strong resistance level.
we even have Triple tops here and another Top might be setting up.
RSI very close to Being Extremely overbought.
Stops above X