GBPUSD - Intraday - We look to Buy at 1.2075 (stop at 1.1990)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has the potential to return. The trend of higher lows is located at 1.1900. The preferred trade is to buy on dips.
Our profit targets will be 1.2325...
Looking at the H4 chart, my overall bias for XAUUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. However, I am looking to play the pullback sell. Looking for a sell entry at 1786.53, where the 23.6% Fibonacci line is. Stop loss will be at 1810.03, where the previous swing high is. Take profit will be at 1745.09,...
Looking at the H4 chart, my overall bias for GBPAUD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 1.810870, where the 23.6% Fibonacci line is. Stop loss will be at 1.770140, where the previous swing low is. Take profit will be at 1.852285, where the -61.8% Fibonacci expansion line and...
Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a retracement sell entry at 137.674, where the previous swing low is located. Stop loss will be at 140.799, where the 23.6% Fibonacci line is. Take profit will be at 130.405, where the previous swing low...
Looking at the H4 chart, my overall bias for EURUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 0.67816, where the 61.8% Fibonacci line is. Stop loss will be at 0.69161, where the 78.6% Fibonacci line and previous high is. Take profit will be at 0.66373, where the previous low and...
Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. However, I am looking to play a reversal. Looking for a sell entry at 34300.40 where the previous high is. Stop loss will be placed at 35411.35, where the 78.6% Fibonacci line is. Take profit will be at 33240.22,...
NZDUSD - Intraday - We look to Buy at 0.6300 (stop at 0.6225)
Previous support located at 0.6300. Previous resistance located at 0.6400. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 0.6350 will confirm the bullish momentum.
Our profit targets will be 0.6450...
CHN50 - Intraday - We look to Buy at 12540 (stop at 12380)
Selling pressure from 13067 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We, therefore, prefer to fade into the dip with a tight stop in anticipation of a move back...
NZDJPY - Intraday - We look to Buy at 85.75 (stop at 85.10)
Previous support located at 86.00. Previous resistance located at 86.80. Indecisive price action has resulted in sideways congestion on the intraday chart. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 87.25 and 87.50
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Looking at the H4 chart, my overall bias for OJ is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 2.1151, where the 100% Fibonacci projection line and 23.6% Fibonacci line is. Stop loss will be at 2.2944, where the previous swing high is. Take profit will be at 1.9053, where the 50% and...
Looking at the H4 chart, my overall bias for CL1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 81.30, where the 38.2% Fibonacci line is. Stop loss will be at 84.14, slightly above where the 50% Fibonacci line is. Take profit will be at 76.93, where the 20% Fibonacci line and...
Looking at the H4 chart, my overall bias for GBPJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 166.122, where the 38.2% Fibonacci line is. Stop loss will be at 169.003 where the previous high is. Take profit will be at 163.029, where the previous low is.
Please be advised that the...
Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a retracement sell entry at 137.674, where the previous swing low is located. Stop loss will be at 140.799, where the 23.6% Fibonacci line is. Take profit will be at 130.405, where the previous swing low...
Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence, to this bias, price is also within an ascending channel. Looking for a pullback buy entry at 4017.17, where the 61.8% Fibonacci line is. Stop loss will be at 3905.78, where the 50% Fibonacci line is....
GBPCHF - Intraday - We look to Buy at 1.1380 (stop at 1.1320)
Selling pressure from 1.1535 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 1.1550 and...
Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.67816, where the 61.8% Fibonacci line is. Stop loss will be at 0.66402, slightly below where the 50% Fibonacci line and where the swing low is. Take profit will be at 0.69161,...
Looking at the H4 chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a possible buy entry at 1.04818, where the previous swing high is. Stop loss will be placed at 1.03929, slightly below the 76.4% Fibonacci line is. Take profit will be at 1.06014, where the swing high...
Bank of America Corp - Short Term - We look to Buy at 37.17 (stop at 35.28)
Posted a Double Bottom formation. Prices are extending higher from the bullish flag/pennant formation. The formation has a measured move target of 44.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 37.17, resulting in improved risk/reward....
