Ethereum
Intraday - We look to Buy a break of 1338 (stop at 1313)
Prices have reacted from 1188. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 1337 should result in a further move higher.
Our profit targets will be 1397 and 1437
Resistance: 1350 / 1380 / 1400
Support:...
GBPUSD
Intraday - We look to Sell at 1.1485 (stop at 1.1580)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A Doji style candle has been posted from the high. A lower correction is expected. Previous resistance located at 1.1495. Preferred trade is to sell into...
On H4, although price has rebounded from the support level at 0.9680 levels and moving in an ascending manner we are still overall bearish bias. we're looking for a pull back sell entry at 0.9919 where the 61.8% projection sit to take profit at 0.9680 where the swing low and 61.8% projection sits. Stop loss is placed at 1.0050 levels where the previous swing high...
The overall bias for DJI on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Look for an immediate sell entry at 30033.46, which is the 23.6% Fibonacci line. The stop loss will be set at 30840.50, which is the 382% Fibonacci line. The take profit point will be at 27215.49, which is the -27.2% Fibonacci...
On H4, with the price moving above ichimoku cloud and within the ascending channel, we have a bullish bias that the price may rise from the buy entry at 1.37814, which is in line with the 61.8% fibonacci retracement and overlap support to the take profit at 1.40315, where the 61.8% fibonacci projection is. Alternatively, the price may drop to the stop loss at...
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...
SOUTHERN COPPER CORPORATION
Short Term - We look to Buy a break of 48.98 (stop at 45.51)
Price action produced another positive week, last week. Trading within the Wedge formation. The bias is to break to the upside. A higher correction is expected.
Our profit targets will be 58.22 and 60.00
Resistance: 48.90 / 60.00 / 80.00
Support: 46.80 / 42.00 /...
Bitcoin
Intraday - We look to Buy a break of 19251 (stop at 18881)
We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A break of the recent high at 19250 should result in a further move higher.
Our profit targets will be 20232 and 20732
Resistance: 19250 / 19500 /...
On H4, with the price moving above the ichimoku cloud, and the US CPI data coming out today, we have a bullish bias that if the price can break the buy entry at 1.38266, where the previous swing high is, the price may rise to the take profit at 1.40315, which is in line with the -23.6% fibonacci extension. Alternatively, the price may drop to the stop loss at...
USDCAD
Intraday - We look to Buy at 1.3750 (stop at 1.3690)
Previous support located at 1.3800. Previous resistance located at 1.3850. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.3870 and 1.3900
Resistance: 1.3850 / 1.3870 /...
On H4, the price is above ichimoku cloud and retesting 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 93.491, which is in line with the 38.2% fibonacci retracement and overlap support to the take profit at 103.154, where the overlap resistance is. Alternatively, the price may...
CNO FINANCIAL GROUP
Intraday - We look to Buy a break of 19.37 (stop at 18.43)
Daily signals are mildly bullish. Price action has continued to range within a triangle formation. The bias is to break to the upside. A break of resistance at 19.35 should lead to a more aggressive move higher towards 21.00.
Our profit targets will be 21.51 and 23.00...
XRP
Intraday - We look to Sell at 0.5239 (stop at 0.5401)
Bespoke resistance is located at 0.5250. 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. Bearish divergence can be seen on the 4 hour chart (the...
EURGBP
I ntraday - We look to Buy at 0.8750 (stop at 0.8685)
We are trading at overbought extremes. A lower correction is expected. 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 higher.
Our profit targets will be 0.8935 and 0.8960...
On H4, with the price moving above the ichimoku cloud , we have a bullish bias that if the price can break the buy entry at 1.38266, where the previous swing high is, the price may rise to the take profit at 1.40315, which is in line with the -23.6% fibonacci extension . Alternatively, the price may drop to the stop loss at 1.36549, where the overlap support and...
On H4, with the price moving above the ichimoku cloud and crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 93.491, which is in line with the 38.2% fibonacci retracement and overlap support to the take profit at 103.154, where the overlap resistance is. Alternatively, the price may drop to the stop loss...
On the H4 chart, the overall bias for DJI is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Overnight, price has continued to consolidate around the 29650 area where the previous swing low is located. Looking for a sell entry at 30033.46 where the 23.6% Fibonacci line is located. There is a market gap near...
On H4, the price is breaking the ichimoku cloud moving in a descending trend hence we are bearish bias. we're looking for a pull back sell entry at 1.1044 level where the 38.2% retracement sits to take profit at 1.0612 where the 78.6% retracement and 61.8% projection sits. the stop loss is placed at 1.1446 level where the previous swing high sits
Please be...
