Day trading strategies on the company's shares Verizon 21-09-2016 by AzaForex forex broker, lets sort through some clues about forex trading

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Verizon Company is the largest provider of wireless communications in the United States, and apparently things in this company went well, until something happened. A week ago, after the expected growth of rates of the company it did not happened, and, on the contrary, the share price has lost its position in the stock market. If you carefully analyze graph on the basis of technical analysis, it is evident that the price is several times repelled from the trend level of support, and as written in a textbook, moved on up. But a few days ago vigorous rejection turned into a viscous load. Typically, these patterns suggest that the upward trend has cracked. Now you can sell shares if they fall below 51.00, with not a big target in 150 points. Below this price support is situated. And it should not be forgotten that there is a still growing trend, so don't be greedy in this situation. You should be flexible, and if the bullish trend will want to go up again, it will be necessary to close the short position and be satisfied with the existing profit.

The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The MACD trend indicator is below zero level now, indicating bearish movement.

If the support level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Sell
•    The level of entry into short position: 51.00
•    The level of profit and close the position: 49.50 (150 pips)

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2985

Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 101.90

Possible bullish movement in the breakout of the resistance level 1317
Forex currency pair USDCHF    
Possible bearish movement in the breakdown of the support level 0.9820