Welcome traders around the world to this new trading idea! We are looking at the EURGBP pair today and looking for short positions on this pair. The two horizontal black lines do mark a daily gap, which was filled with the latest price moves. Price did form a new peak high during this uptrend and we want price to do a nice top before its breaks down. Trend...
Financial and Banking sector is relatively weaker than overall market. And with today weakness in S&P, the stock closed near lows after break of important support at $58/ Next target is $55 with stop at $60
Background: This pair shows a nice uptrend and we currently came to an halt at a very important key level @185 ,which is the 50% retracement level of the downmove from 2007-2009, price reacted at this level but we didnt rejected it , ie. price is holding its gains thus far and forming a range, where the resistance is @185 and support is a former broken...
Eli Lilly showing relative weakness and building high-probability pattern - bear flag with well defined entry,stop and target points mentioned on chart.