EURUSD SHORT TERM PERSPECTIVE (SHORT) Short term targets on the downside, however key levels based on the Monthly chart 1.2000 looks ideal. I believe price would reach 1.100 levels. If the trend line is breached then we can see further downside targets 1.0500 then lower. However, once my short term target of 1.10500 is met I would be then waiting for PA confirmation for the long set up to 1.200.
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SHORT TERM PERSPECTIVE ACTIVISION B INC SKA CAPITAL For the short term we are bullish. First target being 23.20. If this key level is broken then the next upside target would be 23.50. However, our primary target is on the short side of price level 22.00 then 21.50. We have a bearish formation on the weekly time frame.
GBPUSD SKA CAPITAL Trade set up short on the breakout of the trendline, could have a safer stop loss at 1.55400. If price breaks below 1.5050 then we would look to further downside potential of 1.4900-1.4500. Being Bank holiday weekend in the UK i believe price would reach at least 1.5200 by the end of the trading week.
Keep knocking on the door and it'll eventually break.Been watching this level since the start of the year, it seems that bulls refuse to give up IBM.
Knocking on the resistance of $164 again and again over the past few months. Eventually, bears behind the door might give way.
Open: 164.69
S/L: 162.01
T/P: 178.07 (gaps)
Earnings might be the catalyst, I've my algorithmic orders waiting.
Possible Correlation tradeWe have a possible correlation trade between EUR/USD & EUR/GBP. The spread in the correlation has come to a point on the 4 hour chart which may provide a nice trade, you should be able to capture some profits as that spread narrows. The trade should be as follows: Short EUR/USD and Long EUR/GBP.