EURUSD at quasimodo level & Buff PatternEURUSD at quasimodo level ( www.profitf.com ) and Buff pattern ( www.forexpeacearmy.com )
BUFF
BUFF - H & S formation, short from $23.17 to $18 area BUFF is forming a possible declining neck head & shoulders pattern. In the weekly frame it also seems a head & shoulder formation. It has high P/E & Debt/Equity ratio. It also has some insider selling history.
So overall a decent short opportunity, from $23.17 to 18 area.
On the option side we would consider $25 March-17 Puts
You can check our detailed analysis on BUFF in the trading room/ Executive summary link here-
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Time Span: 1:50"
Trade Status: Pending
BUFF Stair Stepping Downward
BUFF has been stair stepping downwards the past couple of weeks and should continue, First it needs to break the support level at around $22.50 then it should have no problem heading down to around $21. The multiple long upper shadows suggest the Bulls have been attempting to gain momentum but have been unsuccessful, signaling the Bearish trend should continue
