FRA40
Intraday - We look to Buy at 6300 (stop at 6230)
Trend line support is located at 6300. Previous resistance located at 6400. Further upside is expected although we prefer to set longs at our bespoke support levels at 6300, resulting in improved risk/reward. A move through 6400 will confirm the bullish momentum.
Our profit targets will be 6475 and...
AUDUSD
Intraday - We look to Buy at 0.6400 (stop at 0.6355)
Potential inverse head & shoulders forming. Previous support located at 0.6368. Buying pressure from 0.6377 resulted in prices rejecting the dip. Further upside is expected although we prefer to buy into dips close to the 0.6400 level. Although the anticipated move higher is corrective, it does offer...
On H4, with the price breaking the descending channel and above ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 0.63885, which is in line with the swing low support and 38.2% fibonacci retracement to the take profit at 0.65335, where the 38.2% fibonacci retracement is. Alternatively, the price may drop to the stop loss at...
On H4, with the price moving below ichimoku cloud and descending trendline, as well as showing a shoulder head pattern, we have a bearish bias that the price may drop form the sell entry at 1.35519, which is in line with the previous swing low to the take profit at 1.32135 where the 61.8% fibonacci retracement is. Alternatively, the price may rise to the stop loss...
On H4, with the price breaking the descending trendline and above ichomoku cloud, we have a bullish bias that the price may rise from the buy entry at 92.718, which is in line with the swing low to the take profit at 104.818, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at 89.447, which is in...
On H4, with the price moving below ichimoku clolud, and breaking the ascending trendline, we have a bearish bias that the price may drop form the sell entry at 1.00317 which is in line with the 61.8% fibonacci retracement to the take profit at 0.97395, where the 61.8% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 1.01443, which is...
On the H4 chart with price hitting our previous target, we are looking for a potential sell at 33077.47, where the 78.6% and 23.6% Fibonacci lines are located. We have a relatively safe stop loss set at 34534.39, which is located slightly above the previous swing high and 100% Fibonacci line. Take profit will be set at 30886.18, where the 38.2% and 61.8% Fibonacci...
GME
Intraday - We look to Buy at 25.18 (stop at 20.18)
The primary trend remains bearish. Price action looks to be forming a bottom, with higher lows being posted. The previous day's rally has been sold into. Dips continue to attract buyers. Risk/reward favours buying a dip with a stop below last week's low.
Our profit targets will be 45.18 and...
Bitcoin
Intraday - We look to Buy a break of 21016 (stop at 20498)
There is no clear indication that the upward move is coming to an end. A break of yesterdays high would confirm bullish momentum. A break of bespoke resistance at 21000, and the move higher is already underway. 21013 has been pivotal. Our bespoke resistance of 20500 has been clearly broken....
EURJPY
Intraday - We look to Buy at 145.50 (stop at 144.50)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 147.73. A lower correction is expected. With the Ichimoku cloud support below we expect dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation...
On H4, with the price breaking the descending trendline and above ichomoku cloud, we have a bullish bias that the price may rise from the buy entry at 94.704, which is in line with the overlap support to the take profit at 104.818, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at 89.447, which...
On H4, with the price moving below ichimoku cloud and showing a shoulder head pattern , we have a bearish bias that the price may drop form the sell entry at 1.35518, which is in line with the previous swing low to the take profit at 1.33537 where the 61.8% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 1.37981, which is in line...
The overall bias for DJI on the H4 chart is bullish. In addition, price is above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 31187.32, which contains the 38.2% and 61.8% Fibonacci lines. To add to the confluence, there is a market gap that appears to be fillable. The stop loss will be set at 29891.21, just below the 61.8%...
On H4, with the price moving below ichimoku clolud, and breaking the ascending trendline, we have a bearish bias that the price may drop form the sell entry at 1.00317 which is in line with the 61.8% fibonacci retracement to the take profit at 0.97395, where the 61.8% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 1.01443, which is...
On H4, with the price breaking the descending channel and above ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 0.64079, which is in line with the swing low support to the take profit at 0.65335, where the 38.2% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63027, which is in line with the...
NASDAQ
Intraday - We look to Buy at 11110 (stop at 10810)
The primary trend remains bearish. Price action has posted a bullish Engulfing Candle and is positive for short-term sentiment. A bullish reverse Head and Shoulders is forming. Further upside is expected although we prefer to set longs at our bespoke support levels at 11110, resulting in improved...
Litecoin
Intraday - We look to Buy a break of 57.66 (stop at 56.37)
Posted a potential Double Top formation. The sell-off has stalled. Short term bias has turned positive. A break of yesterdays high would confirm bullish momentum. 57.62 has been pivotal.
Our profit targets will be 60.97 and 61.47
Resistance: 56.00 / 56.80 / 57.60
Support: 54.80 / 53.60 /...
AUDUSD
Intraday - We look to Buy at 0.6350 (stop at 0.6295)
We are trading at oversold extremes. A Doji style candle has been posted from the base. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We...
