Chartwork

Chartwork Apr 25, 2015

After a fake out below key support at 126.7, EJ has rallied back up into key resistance around the 130 even handle. Printing a spinning top candle on friday off of trendline resistance and the 0% fib level. On the H4 chart there is an inner, and outer trendline. On a break/retest of these, downside targets would be at the -27% fib and weekly support at 124.80.

Chartwork Apr 25, 2015

After a fake out of the range below 1.46330 to fill short orders, cable has been pushed higher and has now closed above KEY resistance at 1.50 printing a Bullish Marubzou on last Fridays close. This suggest strong upwards momentum on the pair. On open, Cable faces resistance at the 1.52 handle, also being the 61.8% fib of the daily swing and a descending...