Resistance up at 0.728 - high of 25/11/2016 LSh (see below) and high of 15/12/2015.
Xmas Head & Shoulders pattern.
Sell break of bullish TL set up from 17/12/2015
Trade: Short @ break of 0.7253, SL 0.7284, TP1 0.7123
Look to add/enter into bearish TL set up on 15min stochastic
Bear - Double top 04/12/2015*,
Bear - Head & Shoulders (~3 weeks) LSh 25/11/2015, Head 04/12/2015* RSh 10/12/2015, Neckline break 13/12/2015
Bear - Head & Shoulders (~1 day)
Note
Bull - Long term bear TL eroded (05/09/2014, 14/05/2015, 12/10/2015)
Xmas Head & Shoulders pattern.
Sell break of bullish TL set up from 17/12/2015
Trade: Short @ break of 0.7253, SL 0.7284, TP1 0.7123
Look to add/enter into bearish TL set up on 15min stochastic
Bear - Double top 04/12/2015*,
Bear - Head & Shoulders (~3 weeks) LSh 25/11/2015, Head 04/12/2015* RSh 10/12/2015, Neckline break 13/12/2015
Bear - Head & Shoulders (~1 day)
Note
Bull - Long term bear TL eroded (05/09/2014, 14/05/2015, 12/10/2015)
Note
15 min stochastic, K value, above 50 and approaching bearish TLTrade active
Sold 0.7253Note
Added to Short at 0.727, SL 0.7285Trade closed: stop reached
Stopped out at 7285. There was a final rally up to the right shoulder (7326) before falling over.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.