The past two bearish pullbacks (after making a new ATH) have bottomed on the weekly Kijun, and the last three bearish pullbacks have bottomed on the weekly 20 MA of the Bollinger Bands. Due to recent FUD: all chinese exchanges forced to close (www.yicaiglobal.com -> take this with a grain of salt, anonymous source), BTCChina announcing themselves that they have...
USDEUR: Today has seen a key day turnaround with massive dollar failure at highs marked by mass of heavy bear engulfing red candles: this is heavy rejection, no messing. This price action heralds the beginning of the next dollar down-wave. Catch it fast. Two shorts, from here to 0.8874 and from 0.8863 to 0.8807.
First candle from within Jan'12 OVER the 200dVAMA monthly adjusted.
Heavy volume on a break out above 11.00. Now forming what might turn into a high tight flag pattern with another entry point at 12.12.
FTSE Resistance The FTSE is currently in a very strong resistance zone. It has touched this level 2 other times this year, we have seen several retracements on the FTSE this year and this seems to be where it stops the downward pressure with resistance. I have already enterered into the trade and have set a fair tight stop loss about 70 points away to ensure...