Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61)
Short term bias has turned negative.
We are trading at overbought extremes.
We have a Gap open at 18/11/2022 from 97.93 to 114.80.
Previous support at 113 now becomes resistance.
Preferred trade is to sell into rallies.
Our profit targets will be 98.51 and 96.51
Resistance: 107.50 /...
DXY is falling towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 101.513
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci retracement
Stop Loss: 100.820
Why we like it:
There is an overlap support
Take Profit: 102.216
Why we like it:
There is an overlap...
USDCAD is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 1.35124
Why we like it:
There is an overlap support
Stop Loss: 1.34217
Why we like it:
There is an overlap support
Take Profit: 1.36512
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci...
ETHUSD is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 1826.40
Why we like it:
There is an overlap support
Stop Loss: 1776.62
Why we like it:
There is an overlap support
Take Profit: 1943.64
Why we like it:
There is an overlap resistance that aligns close to the 38.2% Fibonacci...
BTCUSD is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry:27236
Why we like it:
There is an overlap support
Stop Loss: 26533
Why we like it:
There is an overlap support that aligns close to the 38.2% Fibonacci retracement
Take Profit: 28784
Why we like it:
There is an overlap...
Dollar General - 30d expiry - We look to Buy a break of 222.52 (stop at 216.52)
The primary trend remains bullish.
This stock has seen good sales growth.
Short term momentum is bullish.
A break of the recent high at 222.21 should result in a further move higher.
The bias is to break to the upside.
Our profit targets will be 237.52 and 240.52
Resistance:...
FRA40 - Intraday - We look to Sell a break of 7509 (stop at 7561)
Previous support located at 7500.
Previous resistance located at 7570.
Price action looks to be forming a top.
Short term momentum is bearish.
A move through 7500 will confirm the bearish momentum.
Our profit targets will be 7385 and 7365
Resistance: 7570 / 7600 / 7650
Support: 7500 / 7350...
US500 is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry:
Why we like it:4116.05
There is an overlap support that aligns with the 50.0% Fibonacci retracement
Stop Loss: 4061.20
Why we like it:
There is an overlap support
Take Profit: 4173.48
Why we like it:
There is an overlap...
EURUSD is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 1.09123
Why we like it:
There is an overlap support
Stop Loss: 1.08312
Why we like it:
There is an overlap support
Take Profit: 1.09815
Why we like it:
There is an overlap resistance
Please be advised that the information...
GBPUSD is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 1.23443
Why we like it:
There is an overlap support
Stop Loss: 1.22699
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracemnent
Take Profit: 1.24724
Why we like it:
There is an overlap...
AUDUSD is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 0.66802
Why we like it:
There is an overlap support
Stop Loss: 0.66182
Why we like it:
There is an overlap support
Take Profit: 0.67933
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci...
XRP - 24h expiry - We look to Sell a break of 0.4679 (stop at 0.4829)
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
There is no indication that the selloff is coming to an end.
A break of the recent low at 0.4688 should result in a further move lower.
We look for losses to be extended today.
The trend of higher intraday lows has...
OKTA - 30d expiry - We look to Buy a break of 88.08 (stop at 80.89)
The sequence for trading is higher highs and lows.
Daily signals are bullish.
A break of the recent high at 87.88 should result in a further move higher.
Our outlook is bullish.
This stock has seen good sales growth.
Our profit targets will be 105.48 and 108.48
Resistance: 78.00 / 82.50...
DJ30 is falling to a key support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 33840.50
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement
Stop Loss: 33650.35
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement
Take Profit:...
US500 is approaching a key support and potentially bounce from here. We could see price move up to our take profit target.
Entry: 4132.55
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement
Stop Loss: 4086.65
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement
Take Profit:...
XAUUSD is approaching a key resistance and potentially reverse from here. We could see price move down to our take profit target.
Entry: 2009.850
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement
Stop Loss: 2032.110
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci projection and...
WTI has broken through a key support on the back of a stronger US dollar this week. We could see price move down to our take profit target.
Entry: Sell at market (78.30)
Why we like it:
Breakout through a key support
Stop Loss: 78.927
Why we like it:
There is an overlap resistance
Take Profit: 77.146
Why we like it:
There is an overlap support that aligns close...
Lulumelon Athletica - 30d expiry - We look to Sell a break of 355.85 (stop at 367.85)
We are trading at overbought extremes.
We have a Gap open at 29/3 from 320.31 to 366.25.
Trading within the Wedge formation.
The bias is to break to the downside.
Expect trading to remain mixed and volatile.
A higher correction is expected.
Our profit targets will be...
