sorinT

sorinT

Not a good year, so far, for Apache shares which lost 32%. Although they appear to have lost "too much", long term chart shows that the price sits now at the intersection of a very old uptrend (green) and the support line of the falling channel (red). Probably, the following weeks will be very important as a break down bellow 36 can open the road to the 26 levels....

sorinT

Is there anything here to make someone bullish on this pair? We have two more trading days before the end of the week and tomorrow is going to be very volatile. My view is s to stay bearish especially because UK data were not bad but also not great and the low at 1.45 might be retested. But its just an ideea and I was wrong before. What do you, my friends, think...

sorinT

It appears that the major trandline datig back to 2001 has been recently broken. Possible retrace to 0.75?

sorinT

Following breakdown of the trendline (1h, Renko Chart), went short with a target @ 1.51. I like to keep it simple.