Whirpool sitting on its 200 EMA , below all key moving averages. It found strong resistance at $156 (tripple top) and starting from there sold off aggressively then price retraced to moving averages in very controlled manner. On 27 of May selling in stock resumed and now we have few inside days to absorb this big, red candle near lows in front of support. I put...
Looks bearish here as it could be forming major macro bear flag/pennant pattern and if it breaks 121-122 zone w/ volume then it could test 95-98 zone for the extension of the move & this could happen in the next few months.....it looks like the major line or zone of support is around the 90 level which would be around 900 or so actual Gold price.....this area is...
Will be looking for short around 101.550 , for possible 100 pips target S3
On Daily chart pair entered into consolidation after move up on QE form BoJ. On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down. Stop above 102.150, Target...
ACAD was holding major support $20.06-21.33 since October 2013 and now it acts like resistance. Today ACAD triggered ENTRY short below consolidation support at $19.00ish area. TARGET is April's low at $15.58 STOPs above 21 moving average
After a big move up it found resistance at $1.69840 and now flagging near lows of that range. I got a feeling that it will resolve to downside but will be patiently waiting for trigger and will initiate SHORT position on break of that flag ($1.69650-670) and expect to see some momnetum down. There is no well defined level of support confirmed by price action, so...
Selling from highs of flag, added when it broke down $1.09550. Holding my stops above recent swing highs.
H4 charts has a nice bearish flag with price having broken it. Gives a target to 0.856... the same region that forms a longer term base. I think this could be the last time test to this level before USDCHF could start pushing higher. Let's see how this works.