EURGBP is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.85975
Why we like it:
There is a pullback support that aligns with a confluence of Fibonacci levels, namely the 50.0% retracement and 61.8% projection
Stop Loss: 0.85351
Why we like it:
There is a pullback support...
EURJPY 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: 155.247
Why we like it:
There is an overlap support that aligns with a confluence of Fibonacci levels, namely the 61.8% retracement and 61.8% projection
Stop Loss: 153.720
Why we like it:
There is a swing-low...
Walmart - 30d expiry - We look to Buy at 154.33 (stop at 150.33)
Price action continues to trade around the all-time highs.
Trading within a Bullish Channel formation.
We look to buy dips.
The primary trend remains bullish.
Trend line support is located at 154.
This stock has seen good sales growth.
Our profit targets will be 164.33 and 166.33...
NZDUSD - 24h expiry - We look to Buy at 0.6160 (stop at 0.6125)
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 0.6225 will confirm the bullish momentum.
Our profit targets will be 0.6235 and 0.6250
Resistance:...
XRP - 24h expiry - We look to Sell a break of 0.6749 (stop at 0.7249)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Broken out of the channel formation to the downside.
We look for losses to be extended today.
Short term MACD has turned negative.
Our profit...
Gold (XAUUSD) could fall towards a pullback support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1952.70
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1932.25
Why we like it:
There is an overlap support that aligns under the 61.8% Fibonacci...
AUDUSD is trading close to the 61.8% Fibonacci retracement level and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.67157
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement
Stop Loss: 0.66190
Why we like it:
There is an overlap support close to the recent...
Dollar General - 30d expiry - We look to Buy a break of 173.33 (stop at 167.33)
We are trading at oversold extremes.
In our opinion this stock is undervalued.
We have a Gap open at 01/06/2023 from 201 to 179.
The bias is to break to the upside.
173.09 has been pivotal.
A break of the recent high at 173.09 should result in a further move higher.
Our profit...
GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075)
The current move lower is expected to continue.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.8850 will confirm the bearish momentum.
Our profit targets will be 1.8820 and 1.8780
Resistance:...
Ethereum - 24h expiry - We look to Buy at 1887 (stop at 1849)
Daily signals are mildly bullish.
Trend line support is located at 1880.
We look to buy dips.
The sequence for trading is higher highs and lows.
A lower correction is expected.
Our profit targets will be 1989 and 2029
Resistance: 1940 / 1970 / 2000
Support: 1900 / 1880 / 1860
Please be...
EURJPY is rising towards a key resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 157.939
Why we like it:
There is an overlap resistance at the recent swing-high
Stop Loss: 159.115
Why we like it:
There is a resistance level that aligns with the 61.8% Fibonacci projection level
Take Profit:...
USDCAD is falling towards a swing-low support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.30989
Why we like it:
There is a swing-low support
Stop Loss: 1.30142
Why we like it:
There is a support level that aligns with a confluence of Fibonacci levels i.e. the -27.2% Fibonacci expansion and 78.6%...
DJ30 could fall towards a pullback support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 34951.05
Why we like it:
There is a pullback support that aligns above the 23.6% Fibonacci retacement level
Stop Loss: 34609.83
Why we like it:
There is an overlap support that aligns below the 38.2% Fibonacci retracement...
BTCUSD is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 295350.00
Why we like it:
There is an overlap support
Stop Loss: 28177.91
Why we like it:
There is an overlap support that aligns below the 50.0% Fibonacci retracement level
Take Profit: 31420.00
Why we like...
Abbott Labratories - 30d expiry - We look to Buy a break of 109.51 (stop at 106.31)
The primary trend remains bullish.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
109.34 has been pivotal.
Posted a bullish Flag formation.
A break of 109.34 is needed to confirm the outlook.
The bias is to break to the upside.
Our...
HS50 - 24h expiry - We look to Sell at 19213 (stop at 19373)
We look to trade the current range.
Trading has been mixed and volatile.
Bespoke resistance is located at 19200.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
Our profit targets will be 18813 and 18733
Please be advised that the information presented on TradingView...
Bitcoin - 24h expiry - We look to Sell a break of 29435 (stop at 29835)
Short term bias has turned negative.
A break of yesterdays low would confirm bearish momentum.
Broken out of the channel formation to the downside.
We look for losses to be extended today.
A higher correction is expected.
Our profit targets will be 28435 and 28235
Resistance: 30000...
Alcoa Corporation - 30d expiry - We look to Sell at 38.98 (stop at 40.98)
Daily signals are mildly bearish.
Previous support at 39 now becomes resistance.
This stock has seen poor sales growth.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
Our profit targets will be 33.98 and 32.98...
