The volume spike that occurred friday is a strong bearish signal in my opinion. I will open a short position if the price breaks through the 46.60 level. There will be a potential support level at 44.45 but I think we will see a retracement to the 0.618 fib level around 43. Entry: 46.28 TP: 43.12 SL: 47.51 R=2.5 Good luck.
We have now broken the short term triangel after a bearish friday. I will enter a short position just below friday close. I think we the next weeks will see a big decline and will test the long term triangel around 0.740. Entry: 0.75485 TP: 0.7390 SL: 0.76032, a bit over the support level at 0.7597 R=2.89 Good luck.
After a strong rejection at 0,8561 I expects that the sellers will overpower the buyers. The next big test is the level at 0.8492. If this breaks I think we will test the next big level at 0.8350 within a couple of days. Entry: 0.8480 TP: 0.8355 SL: 0.8542, a high SL because we still could test the downtrend channel a long the way. R=2
If we brake the support level at 1310 I think the price should test the level around 1260. The week level around 1295-1300 have my attention but I think the buyers first will pick it up around 1260. Entry: 1308, a bit under the strong support. TP: 1260, close to the strong support level SL: 1325, 3xATR and a bit over the week level at 1318. R=3 Good luck.
The strong uptrend since mid-june are now being tested. If the price gonna be rejected I'm interested in a long position as we may gonna test the strong support at 7090. Entry: 6895, at bit over the strong weekly support level at 6870. TP: 7090, strong weekly support level SL: 6805, closing under the uptrend channel will turn on the red lights R=2.18 Good luck