GBPAUD - 24h expiry - We look to Sell a break of 1.8350 (stop at 1.8450)
Previous support located at 1.8350.
Previous resistance located at 1.8450.
We expect a reversal in this move.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action looks to be forming a top.
A move through 1.8350 will confirm...
SOUTHERN COPPER CORPORATION - 30d expiry - We look to Sell at 77.48 (stop at 81.21)
We are trading at overbought extremes.
Posted a Double Top formation.
Bespoke resistance is located at 78.70.
Resistance could prove difficult to breakdown.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a...
Litecoin - 24h expiry - We look to Sell at 94.28 (stop at 97.64)
Price action has continued to range within a triangle formation.
Bespoke resistance is located at 94.50.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Price action has broken from the previous formation.
Early...
Price could approach a key resistance level and reverse, we could see the momentum carry price down to its take profit target.
Entry: 1.24439
Why we like it:
There is an overlap resistance
Stop Loss: 1.26669
Why we like it:
There is an intermediate resistance
Take Profit: 1.18038
Why we like it:
There is an overlap support which also aligns with the 38.2%...
Price could approach a key resistance level and reverse, we could see the momentum carry price down to its take profit target.
Entry: 12941.2
Why we like it:
There is an overlap resistance
Stop Loss: 13727.7
Why we like it:
There is a swing-high resistance
Take Profit: 12133.9
Why we like it:
There is an overlap support which also aligns with the 38.2%...
Price could approach a key resistance level and reverse, we could see the momentum carry price down to its take profit target.
Entry: 28498.73
Why we like it:
There is an overlap resistance
Stop Loss: 29380.00
Why we like it:
There is a swing-high resistance
Take Profit: 23954.00
Why we like it:
There is an overlap support
Please be advised that the...
Price could approach a key resistance level and reverse, we could see the momentum carry price down to its take profit target.
Entry: 4064.55
Why we like it:
There is an overlap resistance just above the 61.8% Fibonacci retracement
Stop Loss: 4155.75
Why we like it:
There is an overlap resistance + swing-high
Take Profit: 3897.91
Why we like it:
There is an...
Peloton - 30d expiry - We look to Buy at 8.61 (stop at 7.97)
The trend of higher lows is located at 8.60.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
We look to buy dips.
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Our...
Bitcoin - 24h expiry - We look to Sell a break of 26497 (stop at 27522)
Broken out of the channel formation to the downside. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A Doji style candle has been posted from the high. A break of the recent low at 26663 should result in a further move lower. Short term MACD has turned negative....
Price could retrace to our buy entry which is an overlap support level and reverse, we could see the momentum carry price up to its take profit target.
Entry: 1969.910
Why we like it:
There is an overlap support that aligns with a 50.0% Fibonacci retracement
Stop Loss: 1934.345
Why we like it:
There is a swing-low support
Take Profit: 2009.850
Why we like...
Price is moving down to a key support and potentially reverse, we could see the momentum carry price up to its take profit target.
Entry: 1.07660
Why we like it:
There is an overlap support
Stop Loss: 1.07119
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci retracement
Take Profit: 1.09267
Why we like it:
There is an overlap...
Price could approach an overlap resistance and reverse from this level, we could see the momentum move price down to its take profit target.
Entry: 102.944
Why we like it:
There is an overlap reistance
Stop Loss: 103.464
Why we like it:
There is an overlap resistance that aligns with the 50% Fibonacci retracement
Take Profit: 101.915
Why we like it:
There is a...
Price has reversed off a key resistance level, we could see the momentum move price down to its take profit target.
Entry: 1809.37
Why we like it:
A reversal off the key resistance
Stop Loss: 1861.67
Why we like it:
There is a swing-high resistance
Take Profit: 1735.62
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci...
GBPNZD - 18h expiry - We look to Buy at 1.9550 (stop at 1.9450)
Previous support located at 1.9600.
Previous resistance located at 1.9650.
Broken out of the channel formation to the upside.
The correction lower is assessed as being complete.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9650 will confirm the bullish momentum....
Bristol-Myers Squibb Co - 30d expiry - We look to Sell a break of 65.18 (stop at 67.68)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
65.95 has been pivotal.
A break of the recent low at 65.28 should result in a further move lower.
Price action is forming a bearish flag which has a bias to break to the...
Ethereum - 16h expiry - We look to Buy a break of 1857 (stop at 1807)
Our short term bias remains positive.
1843 has been pivotal.
A break of the recent high at 1843 should result in a further move higher.
Our outlook is bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 1977 and 1997
Resistance:...
Price is approaching a key support level, it could bounce and we could see the momentum carry price up to its take profit target.
Entry: 26.73
Why we like it:
There is an overlap support
Stop Loss: 26.00
Why we like it:
There is an intermediate overlap support
Take Profit: 32.61
Why we like it:
There is an overlap resistance and a 23.6% Fibonacci...
Price is approaching a key support level, it could bounce and we could see the momentum carry price up to its take profit target.
Entry: 0.90884
Why we like it:
There is an overlap support
Stop Loss: 0.89284
Why we like it:
There is an intermediate support
Take Profit: 0.93214
Why we like it:
There is an overlap resistance and a 23.6% Fibonacci...
