Hey traders, On the EURUSD we can see that price has reached this trendline and seems to be breaking it. IF it closes below this trendline on the 4 hour timeframe, we are ready to go short. Cheers
Hey traders, The USDJPY closed below this huge structure area and it has now retraced to that same area. Cheers
Hey traders, On the GBPAUD we can see that price is trying to break through the grey structure zone, so I want to enter long just above that. Cheers
Hey traders, Here we are on the AUDCAD daily timeframe. Price is around the 61.8% Fibonacci retracement. I think price will move up a bit first, but by the end of the week it will probably have broken to the downside.
Hey traders, On the USDCAD we can see that price has been dropping a lot since the last day of August. After that it's trying to retrace, but not a whole lot of bullish movement after that drop. So I'm looking to enter short at the completion of this potential bearish bat pattern. Cheers
Coach Inc (NYSE:COH) is making a bullish consolidation pattern on the intra-day chart. The key here is that the pattern is forming above the 200 moving average and is happening while the markets are reversing sharply off early gains. When this pattern forms any stock like Coach Inc and the markets are falling, it shows relative strength compared to the markets....
Coach Inc (NYSE:COH) is taking a beating today, falling 10%. Concern over competition is taking its toll as sales estimates are being dropped. Where is the bottom? Let's explore. The first significant daily support level is $33.50. At this point the stock should have a solid multi-day, maybe even a multi-week bounce. Longer term, be careful with this equity as it...