Hi guys, So what we are looking at today is a potential move in Gold for bearish trend continuation, as we have recently seen price action press down into lows of 1193's for where previous level of structure support was retested and respected. However, on the 4HR TF we saw price action break and close below into new lows of 1193's suggesting strong bearish...
Today mxnusd pair has decoupled from DXY and is headed south testing the most recent 2-week lows.
CHFJPY is on the resistance level (118.250), no significant fundamental news for CHFJPY this week means it could be a safety trade for the week. 4hr candle also showing bearish engulfing might be a signal to enter short. Stop Loss just above the highest wick. TP1 to 117.600.
Hello traders, i wish you had a nice trading week,month and a nice trading summer as we come to an end. To be honest it was an unusual summer as far as volatility and that was good for us.. No need to say anything else let's see this bearish Cypher pattern on 4H timeframe on GBPCHF. TECHNICAL OBSERVATIONS 1.THE 200EMA HAS A DESCENDING SLOPE AND THAT'S FAVORING...
There is a bearish candle that is trying to brake the trend line.
Starting off with a decent RR, broke support retested came of 38% ema to the down side and making lower highes :)
Bears have broke the trend line and came back to retest it. I see a perfect swing oppurtunity
Looking to pullback to trend support! Stop loss is a breakout of the upper trend line
The Eur is also at a crucial resistance on the higher time frame. NZDUSD a correlating pair is also at crucial resistance
After retesting the resistance at 76.88 zone, the price would fall towards TP1 and If momentum continues, would fall further to TP2 Zone. Carefully watch Price action at 76.88-89 zone.
This chart was published along with supporting material in an exclusive article published in an on 14th June 2016 - Link www.talkmarkets.com Please refer to that article for detailed explanation to avoid repeating here and for proper context in terms of time and event it related to However for ease of reference and tracking future price action and trade...
Fundamentals: Illumina made a disappointing start to first-quarter 2016 missing the estimates. Also, rising costs has potential to hamper its growth significantly. This rise in higher operating expenses impacted Ilumina’s cash flow reserve in the reported quarter. Technicals: In the mid of summer 2015 the price of stock accelerated with top $242. But big,...