timwest

timwest Wizard

The EuroCurrency ETF is deeply oversold in a new, solid downtrend. The way to structure trades in this market is to wait for a rally back toward the low-risk RESISTANCE AREA marked on the chart from from 140-145. Enter shorts starting at 138, 138.50, 139, 139.50 and use a 143 stop initially. Once 136 is violated then reduce stops to 141. The fundamental...

timwest Wizard

The chart is suggesting either this recent distribution from the $600 level back down to the $500 level is either stage 1 of a bigger decline to break under the last 52-weeks worth of trading OR I will consider this an accumulation level if prices don not begin to decline under the $480 level in the next 5 weeks. There is a good chance also that a weak,...

timwest Wizard

The Swiss Franc (FXF) is deeply oversold and ripe for a rebound. Today's move above yesterday's high could setup a quick rebound back to the 120 level. Risk a drop back to 111. Last 112.44. By Technical Tim