BTCUSD is close to an overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 29699.50
Why we like it:
There is an overlap resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 30434.02
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci...
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....
Bitcoin - 24h expiry - We look to Sell a break of 28788 (stop at 29288)
Our short term bias remains negative.
Posted a bearish Flag formation. A break of 29000 is needed to confirm the outlook.
A break of the recent low at 28825 should result in a further move lower.
We are trading at overbought extremes.
We look for losses to be extended today.
Our profit...
NIK225 - 24h expiry - We look to Buy at 32535 (stop at 32295)
We are trading at overbought extremes.
Previous resistance level of 33068 broken.
A lower correction is expected.
Short term bias is mildly bullish.
Further upside is expected although we prefer to set longs at our bespoke support levels at 32770, resulting in improved risk/reward.
Our profit...
Ethereum - 24h expiry - We look to Buy at 1843 (stop at 1803)
Daily signals are mildly bullish.
Bespoke support is located at 1840.
We look to buy dips.
The medium term bias is neutral.
Expect trading to remain mixed and volatile.
Our profit targets will be 1943 and 1963
Resistance: 1890 / 1920 / 1940
Support: 1870 / 1850 / 1820
Please be advised that...
Chevron Corporation - 30d expiry - We look to Buy at 150.33 (stop at 146.33)
150 continues to hold back the bears. We look to buy dips.
149.91 has been pivotal.
149.74 has been pivotal.
This is currently an actively traded stock.
The primary trend remains bullish.
Our profit targets will be 160.33 and 162.33
Resistance: 164.04 / 166.00 / 169.00
Support:...
USDCAD is falling towards a key pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.31530
Why we like it:
There is a pullback support that aligns with the 100.0% Fibonacci projection level
Stop Loss: 1.30989
Why we like it:
There is a recent swing-low support
Take Profit: 1.32324
Why we...
GBPUSD is rising towards an overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1.30001
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 1.31407
Why we like it:
There is a recent swing-high resistance
Take Profit: 1.28160
Why we...
EURUSD is rising towards a pullback resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1.11476
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 1.12228
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci...
ETHUSD 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: 1839.05
Why we like it:
There is an overlap support
Stop Loss: 1775.63
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement level
Take Profit: 1927.29
Why we like...
Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75)
We are trading at overbought extremes.
Previous resistance at 64 now becomes support.
The previous swing low is located at 63.32.
Bespoke support is located at 64.
We look to buy dips.
Expect trading to remain mixed and volatile.
Our profit targets will be 70.75 and 72.75
Resistance:...
NZDUSD - 24h expiry - We look to Buy at 0.6185 (stop at 0.6155)
Price action looks to be forming a bottom.
Price action has stalled at good support levels and currently trades just above here (0.6180).
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6225 will confirm the bullish momentum.
Momentum is flat, highlighting the lack...
Bitcoin - 24h expiry - We look to Sell a break of 28788 (stop at 29288)
Our short term bias remains negative.
Posted a bearish Flag formation.
A break of 29000 is needed to confirm the outlook.
A break of the recent low at 28825 should result in a further move lower.
We are trading at overbought extremes.
We look for losses to be extended today.
Our...
Lockheed Martin Corporation - 30d expiry - We look to Buy at 448.25 (stop at 438.25)
447 continues to hold back the bears. Support is located at 447 and should stem dips to this area. We look to buy dips. The primary trend remains bullish. This stock has seen good sales growth. Expect trading to remain mixed and volatile.
Our profit targets will be 473.25 and...
HS50 - 24h expiry - We look to Sell at 19590 (stop at 19790)
Price action has continued to trend strongly higher and has stalled at the previous resistance near 19597.
A Doji style candle has been posted from the high.
We are trading at overbought extremes.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is...
Ethereum - 24h expiry - We look to Sell at 1888 (stop at 1928)
Reverse trend line resistance comes in at 1895.
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Preferred trade is to sell into rallies.
Daily momentum has stalled and our bias is now neutral.
Our profit targets will be 1788 and 1768
Resistance:...
GBPUSD could rise into a pullback resistance and potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1.29040
Why we like it:
There is a pullback resistance that aligns above the 23.6% Fibonacci retracement level
Stop Loss: 1.29695
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci...
USDJPY is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 140.921
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 139.996
Why we like it:
There is a pullback support that aligns under the 38.2% Fibonacci...
