PHL

PHL

There are two strategies to short this: sell cypher pattern @114.496 and/or sell via 2618 short entry at the 61.8 retracement. Also one could short a bit higher for better R/R. Those two strategies can also be nicely combined with taking normal initial targets for the cypher pattern and taking secondary targets 2618-trade style at the very lows.

PHL Updated 

buy @ 0.96396 a lot of structure at X level looking left providing comfortable protection for stops.

PHL

buy @ 1.0405

PHL

Price broke the two-year uptrend line to the downside. I do not see any major resistance until 0.67. If we get there we could see signs of relief and start trading in a channel between 0.67-0.773 before new structure levels are tested.

PHL

buy @0.7350

PHL

sell @1.35268

PHL

buy @0.72386

PHL Updated 

Technicals look very bullish on the weekly, daily and 4H chart as we broke and closed above the weekly resistance at $20. If price action meets your entry rules, you could enter anywhere in the range between the previous test of the lows at $19 and weekly support at $20. The only reason for concern is that on the weekly chart we might get a bearish outside bar...

PHL Updated 

After we got a H&S pattern in 2015 whose break caused the huge sell-off in early 2016, we now have the same formation again. Watch out below if this breaks by moving below the neckline. This time we have even more solid fundamentals for BAC though, so I hope this to break and sell-off to buy with both hands later. Originally this is a short-trade set up though....

PHL Updated 

short @1.0958. Great upside protection @ 1.10 level which acts not only as a psychological number but also as weekly resistance.

PHL

make your pick!

PHL

Currently we are in a no-trade zone on the daily. See chart for explanation.

PHL

Here we have a huge and a small bat pattern that would allows to go long if completed. The entry for the small pattern is at 51.83 and for the big one at 44.55.

PHL Updated 

buy @1.06648

PHL

We printed a nice double top on the daily chart, followed by a break below previous resistance. Starting from the 61.8% retracement we can look to short now for a retest of previous lows around 85.00. Today we bounced off weekly resistance around 88 which is an initial sign that a revarsal might be in the cards.

PHL

We broke and closed above the wedge's downtrend line. I am looking for a move up to into previous structure at 1.0805-20ish for taking profits.

PHL Updated 

buy @ 22.49

PHL

If we break the neckline there are three potential spots we could move to, pick your preferred target. We could even go to pre-Brexit levels. Personally I would wait for a break and close below the neckline and then sell a move back into the neckline. It might a bit early to call this but better having something on the watchlist than looking back and missing a...