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: 144.169
Why we like it:
There is an overlap support
Stop Loss: 143.073
Why we like it:
There is a pullback support that aligns below the 23.6% Fibonacci retracement level
Take Profit: 145.483
Why we like...
Pinterest - 30d expiry - We look to Sell at 28.88 (stop at 30.28)
In our opinion this stock is overvalued.
We are trading at overbought extremes.
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.
A higher...
CHN50 - 24h expiry - We look to Buy at 12565 (stop at 12465)
Posted a Double Bottom formation.
Neckline support is 12565.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Further upside is expected although we prefer to set longs at our bespoke support levels at 12565,...
Ethereum - 24h expiry - We look to Buy at 1912 (stop at 1872)
Daily signals are bullish.
Our bespoke resistance of 1930 has been clearly broken.
Bespoke support is located at 1900.
20 4hour EMA is at 1920.
We look to buy dips.
Our profit targets will be 2012 and 2032
Resistance: 1972 / 2000 / 2050
Support: 1930 / 1900 / 1880
Please be advised that the...
EURUSD 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: 1.08447
Why we like it:
There is an overlap support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 1.07893
Why we like it:
There is an overlap support that aligns below the 61.8% Fibonacci...
USDCAD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1.32802
Why we like it:
There is an overlap resistance
Stop Loss: 1.33347
Why we like it:
There is an overlap resistance that aligns above the 38.2% Fibonacci retracement level
Take Profit: 1.32258
Why we like...
USDCHF 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: 0.89198
Why we like it:
There is an overlap support
Stop Loss: 0.88885
Why we like it:
There is an overlap support that aligns with the 78.6% Fibonacci retracement level and the 127.2% Fibonacci projection...
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: 143.579
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 142.099
Why we like it:
There is an overlap support that aligns above the 50.0% Fibonacci...
Berkshire Hathaway B - 30d expiry - We look to Buy at 332.52 (stop at 327.52)
This is currently an actively traded stock.
The stock is expected to outperform in its sector.
The primary trend remains bullish.
Previous resistance now becomes support at 331.50.
We look to buy dips.
The sequence for trading is higher highs and lows.
Our profit targets will be...
USDCAD could rise towards a key overlap resistance and potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1.33191
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.33898
Why we like it:
There is an overlap resistance that aligns close to the 50.0%...
SP500 could fall towards a key pullback support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 4388.54
Why we like it:
There is an overlap (pullback) support
Stop Loss: 4341.84
Why we like it:
There is an overlap support that sits above the 38.2% Fibonacci retracement level
Take Profit: 4454.51
Why we like...
Gold (XAUUSD) 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: 1892.65
Why we like it:
There is an overlap support that aligns with the 78.6% Fibonacci projection level
Stop Loss: 1872.07
Why we like it:
There is a support that sits under the 100.0% Fibonacci...
EURUSD 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: 1.08477
Why we like it:
There is an overlap support that aligns with the 78.6% Fibonacci projection level
Stop Loss: 1.07877
Why we like it:
There is an overlap support that sits above the 61.8% Fibonacci...
Ethereum - 24h expiry - We look to Sell at 1915 (stop at 1955)
We look to trade the current range.
1920 continues to hold back the bulls.
Preferred trade is to sell into rallies.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We look for a temporary move higher.
Our profit targets will be 1815 and 1795...
NZDJPY - 24h expiry - We look to Sell at 88.25 (stop at 88.75)
Broken out of the wedge to the downside.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 87.50 will confirm the bearish momentum.
Short term RSI has turned negative.
Our profit targets will be 87.05 and 86.85
Resistance: 88.00 / 88.25...
New York Times Co - 30d expiry - We look to Buy at 38.73 (stop at 37.53)
Daily signals are bullish.
Previous support located at 39.
We look to buy dips.
Broken out of the channel formation to the upside.
Dip buying offers good risk/reward.
Our profit targets will be 41.73 and 42.23
Resistance: 39.83 / 40.47 / 40.73
Support: 39.00 / 38.00 / 37.50
Please...
Pfizer - Medium Term - We look to Sell at 39.88 (stop at 41.08)
Bespoke resistance is located at 40.
40.14 has been pivotal.
40.37 has been pivotal.
Daily signals are bearish.
We look for a temporary move higher.
Our profit targets will be 37.08 and 36.58
Resistance: 37.05 / 38.30 / 39.00
Support: 36.03 / 35.50 / 35.00
Please be advised that the...
Litecoin - 24h expiry - We look to Sell a break of 83.88 (stop at 86.28)
Short term momentum is bearish. The trend of higher intraday lows has also been broken.
A break of the recent low at 84.18 should result in a further move lower.
We look for losses to be extended today.
Expect trading to remain mixed and volatile.
Our profit targets will be 77.88 and...
