XRP
Intraday - We look to Sell at 0.4848 (stop at 0.4981)
Short term bias has turned negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. We look for a temporary move higher. We are trading at overbought extremes. The primary trend remains bearish.
Our profit targets...
AUDUSD
Intraday - We look to Sell at 0.6335 (stop at 0.6375)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A Doji style candle has been posted from the high. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. Preferred trade is to sell into...
On H4, with the price moving above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.99866, which is in line with the overlap support to the take profit at 1.01072, where the 127.2% fibonacci projection and 161.8% fibonacci extension are. Alternatively, the price may drop to the stop loss at 0.98682, which is in line with the...
On H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop form the sell entry at 90.944, which is in line with the 61.8% fibonacci retracement to the take profit at 83.911, where the swing low is. Alternatively, the price may rise to the stop loss at 93.156, which is in line with the overlap...
On the H4 chart, the overall bias for DJI is bearish. Looking for a sell entry at 31981.14 where the market gap is alongside with the 50% and 61.8% Fibonacci line. Stop loss will be at 33364.70, slightly above where the 78.6% Fibonacci line is. Take profit will be at 27215.49 where the -27.2% Fibonacci expansion line and 161.8% Fibonacci extension line is.
Please...
FIRST SOLAR
Intraday - We look to Sell at 121.86 (stop at 130.09)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. We look for a temporary move higher. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our bias remains bearish and further downside is expected to target support...
Bitcoin
Intraday - We look to Sell at 20299 (stop at 20626)
20300 continues to hold back the bulls. Daily signals are mildly bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. We look for a temporary move higher.
Our profit targets will be 19404 and 19004
Resistance:...
USDCAD
Intraday - We look to Buy at 1.3600 (stop at 1.3540)
Previous support located at 1.3650. Previous resistance located at 1.3700. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.3700 will confirm the bullish momentum.
Our profit targets will be 1.3720 and 1.3750
Resistance: 1.3700 /...
The overall bias for DAX on the H4 is bearish. Looking for a potential retracement sell at 12906.26 where the 23.6% and 50% Fibonacci line intersects. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the 0% Fibonacci line and previous low lies.
Please be advised that the information presented...
On H4, with the price breaking the ascending trendline and below ichimoku cloud, we would hold a bearish bias. The price is showing a double top pattern, if the pattern is formed, we can expect to sell at 1.35071, which is the neckline of the double top pattern. The take profit is at 1.32230, where the overlap support is. Alternatively, the price may rise to the...
On H4, price has rejected the key resistance level hence we are bearish bias. Looking for a breakout sell entry 0.9932, where the 23,.6% fibonacci retracement and previous swing high is.
Take profit will be placed at 0.9793 where the 50% retracement sits and stop loss is placed at 1.0058 where the swing high sits
Please be advised that the information presented...
On H4, the price is above ichimoku cloud and testing the buy entry, with the price crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 95.650, which is in line with the overlap support to the take profit at 105.142, where the swing high is. Alternatively, the price may drop to the stop loss at 89.971, where the...
Pinterest
Short Term
We look to Sell at 22.15 (stop at 23.35)
Posted a Double Top formation. Bias is mildly bearish today but we need to see a break of 21.25 to confirm the downward pressure. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 22.15, resulting in improved risk/reward. The previous swing low is...
Bitcoin
Intraday - We look to Sell at 20299 (stop at 20626)
20300 continues to hold back the bulls. Daily signals are mildly bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. We look for a temporary move higher.
Our profit targets will be 19404 and 19004
Resistance:...
On H4, with the price moving above the ichimoku cloud , we have a bullish bias. Looking for a breakout buy entry 1.00710, which is in line with the previous swing high, 127.2% fibonacci extension and 161.8% fibonacci projection to the take profit at 1.02369, where the previous swing high is. Alternatively, the price may drop to the stop loss at 0.99549, where the...
On the H4 chart the overall bias for DJI is bearish. Looking for a potential retracement sell entry at 12906.26 where the 23.6% and 50% Fibonacci lines are. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the previous low and 0% Fibonacci line is.
Please be advised that the information...
USDJPY
Intraday - We look to Buy at 147.67 (stop at 147.07)
The primary trend remains bullish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Dips continue to attract buyers. We can see no technical reason for a change of trend. Preferred trade is to buy on dips.
Our profit targets will...
On H4, with the price moving above the ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.00710, which is in line with the previous swing high, 127.2% fibonacci extension and 161.8% fibonacci projection to the take profit at 1.02369, where the previous swing high is. Alternatively, the price may drop to the stop loss at 0.99549,...
