BTCUSD is close to a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 29613.30
Why we like it:
There is an overlap support that sits above the 23.6% Fibonacci retracement level
Stop Loss: 28318.00
Why we like it:
There is an overlap support that sits below the 38.2% Fibonacci retracement...
NZDUSD is one of the worst-performing currencies today. Could momentum carry it down towards our take profit target after hitting the sell entry? Wait for breakout confirmation prior to entering the trade.
Entry: 0.61476
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 0.61715
Why we like it:
There is...
Litecoin - 24h expiry - We look to Buy at 88.62 (stop at 86.12)
There is no indication that the rally is coming to an end.
Short term momentum is bullish.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look for gains to be extended today.
Our short term bias remains positive.
Our profit targets will be 94.62...
New Fortress Energy Inc - 30d expiry - We look to Buy a break of 31.71 (stop at 28.81)
We are trading at oversold extremes.
Posted a Double Top formation.
A break of the recent high at 31.58 should result in a further move higher.
31.58 has been pivotal.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible....
XCUUSD - 24h expiry - We look to Buy at 3.851 (stop at 3.811)
Our short term bias remains positive.
The sequence for trading is higher highs and lows.
A lower correction is expected.
We look to buy dips.
50 4hour EMA is at 3.846.
Our profit targets will be 3.951 and 3.971
Resistance: 3.900 / 3.914 / 3.930
Support: 3.875 / 3.860 / 3.835
Please be...
Ethereum - 24h expiry - We look to Buy at 1746 (stop at 1706)
Our bespoke resistance of 1750 has been clearly broken.
Previous resistance, now becomes support at 1750.
Short term oscillators have turned positive.
We look to buy dips.
50 4hour EMA is at 1742.
Our profit targets will be 1846 and 1866
Resistance: 1824 / 1840 / 1860
Support: 1795 / 1770 /...
Litecoin - 24h expiry - We look to Buy a break of 79.51 (stop at 77.11)
We are trading at oversold extremes.
A higher correction is expected.
Bullish divergence is expected to support prices.
79.34 has been pivotal.
A break of the recent high at 79.34 should result in a further move higher.
Our profit targets will be 85.51 and 87.51
Resistance: 77.95 /...
American Airlines - 30d expiry - We look to Buy at 15.11 (stop at 14.51)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 15 now becomes support.
A higher correction is expected.
We look to buy dips.
Daily signals are bullish.
Our profit targets will be 16.61 and 16.91
Resistance: 16.40 / 16.72 / 17.00
Support: 16.00 /...
GBPAUD - 24h expiry - We look to Buy at 1.8750 (stop at 1.8690)
Previous support located at 1.8800.
Previous resistance located at 1.8850.
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be...
USDCAD is falling towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.31777
Why we like it:
There is an overlap support that sits above the 61.8% Fibonacci projection level
Stop Loss: 1.31466
Why we like it:
There is an overlap support that sits above the 78.6% Fibonacci projection...
USOUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 72.782
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 74.377
Why we like it:
There is an overlap resistance
Take Profit: 70.113
Why we like...
BTCUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 28177.91
Why we like it:
There is an overlap support that sits above the 23.6% Fibonacci retracement level
Stop Loss: 27247.31
Why we like it:
There is an overlap support that sits under the 38.2% Fibonacci retracement...
Advanced Micro Devices - 30d expiry - We look to Sell a break of 115.68 (stop at 122.08)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
We have a Gap open at 25/5 from 108.27 to 117.31.
A higher correction is...
CHN50 - 24h expiry - We look to Buy at 12570 (stop at 12490)
We are trading at oversold extremes.
Short term bias has turned positive.
This is positive for sentiment and the uptrend has potential to return.
We have a 61.8% Fibonacci pullback level of 12570 from 12244 to 13098.
Preferred trade is to buy on dips.
Our profit targets will be 12770 and 12810...
EURUSD has bounced off a key overlap support and is moving higher. We could see momentum carry price up to our take profit target.
Entry: 1.09118
Why we like it:
There is an overlap support
Stop Loss: 1.08472
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Take Profit: 1.10054
Why we like it:
There is an...
USDJPY is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 141.328
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 140.754
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci...
XAUUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 1969.58
Why we like it:
There is an overlap resistance
Stop Loss: 1984.20
Why we like it:
There is an overlap resistance that sits above the 78.6% Fibonacci projection level
Take Profit: 1933.96
Why we like...
GBPUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.26800
Why we like it:
There is an overlap support that sits above the 38.2% Fibonacci retracement level
Stop Loss: 1.25968
Why we like it:
There is an overlap support that sits under the 50.0% Fibonacci retracement...
