Sonos Inc
Short Term - We look to Buy at 15.55 (stop at 14.55)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Support is located at 15.50 and should stem dips to this area. Dip buying offers good risk/reward. Although the...
XRP
Intraday - We look to Buy a break of 0.3601 (stop at 0.3544)
A break of bespoke resistance at 0.3600, and the move higher is already underway. Short term bias is mildly bullish. Trading has been mixed and volatile. Our short term bias remains positive.
Our profit targets will be 0.3749 and 0.3799
Resistance: 0.3600 / 0.3700 / 0.3800
Support: 0.3500 /...
EURJPY
Intraday - We look to Buy at 142.80 (stop at 141.80)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. 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...
On H4, with the price breaking the descending trendline, below ichimoku cloud, and RSI is showing a descending trendline, we have the bearish bias that the price may drop from the sell entry at 107.729, which is in line with the swing low and 50% fibonacci retracement to the take profit at 106.923, where the 61.8% fibnonacci retracement is. Alternatively, the rice...
On the H4, with price below ichimoku and dropping from the intermediate resistance, we have a bearish bias that the price may drop to the sell entry at 94.489, where the overlap resistance and 38.2% fibonacci retracement are. If the price can break thissell enmtry level, the take profit could be at 88.350, which is in line with the swing low and 78.6% fibonacci...
On the H4, with the price breaking the ascending channel , below the ichimoku cloud , and there’s a possible “double top” pattern, we have a bearish bias that the price may drop to the sell entry at 1.29852, which is in line with the overlap support and 50% fibonacci retracement. If the sell entry is broken, the take profit could be at 1.28964, where the overlap...
Wix.Com
Short Term - We look to Buy at 65.69 (stop at 58.33)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 60.00. A weaker opening is expected to challenge bullish resolve. Support is located at 65.00 and should stem dips to this area. Preferred trade is to buy on...
On the H4 chart, price is still moving along the ascending trendline hence we are bullish bias. We're looking at a pull back sell entry if price look to test the 145.062 levels again to take profit at 141.488 where the 23.6% retracement sits. Our stop loss is placed at 139.428 where the overlapping support and 38.2% retracement sits.
Please be advised that the...
Bitcoin
Intraday - We look to Buy at 20917 (stop at 20487)
Short term bias has turned positive. We look to buy dips. 20771 has been pivotal. 20874 has been pivotal. A lower correction is expected.
Our profit targets will be 21987 and 22387
Resistance: 21800 / 22500 / 23000
Support: 21500 / 20800 / 20500
Please be advised that the information presented...
GBPJPY
Intraday - We look to Sell at 167.50 (stop at 168.20)
Buying pressure from 164.31 resulted in prices rejecting the dip. Previous resistance level of 166.32 broken. The current move higher is expected to continue. We are trading at overbought extremes. A lower correction is expected. We look to sell rallies. Although the anticipated move lower is...
On the H4, with the price breaking the ascending channel , below the ichimoku cloud , and there’s a possible “double top” pattern, we have a bearish bias that the price may drop to the sell entry at 1.29694, which is in line with the overlap support and 50% fibonacci retracement. If the sell entry is broken, the take profit could be at 1.28935, where the overlap...
On the H4, with price below ichimoku cloud and within the descending channel, we have a bearish bias that the price may drop from the sell entry at 93.490 to the take profit at 88.219, where the 78.6% fibonacci projection and swing low are. Alternatively, the price may break the sell entry and rise to the stop loss at 98.758, which is in line with 61.8% fibonacci...
On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop to sell entry at 31912 where the pullback support is. Once there is downside confirmation that price has broken entry structure, we would expect bearish momentum to carry price to take profit at 30979 where the swing low support is. Alternatively,...
Abbott Labratories
Short Term - We look to Buy at 105.03 (stop at 102.52)
Buying pressure has confirmed an initial rejection from the approach towards the key psychological level of 101.21. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected...
Litecoin
Intraday - We look to Buy at 57.36 (stop at 56.09)
Short term momentum is bullish. Short term bias has turned positive. 20 4hour EMA is at 57.80. 50 4hour EMA is at 57.70. We look to buy dips.
Our profit targets will be 60.75 and 61.65
Resistance: 61.00 / 62.00 / 63.00
Support: 60.00 / 59.00 / 57.
Please be advised that the information...
USDCAD
Intraday - We look to Buy at 1.2980 (stop at 1.2920)
Previous support located at 1.3000. Previous resistance located at 1.3050. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3050 will confirm the bullish momentum.
Our profit targets will be 1.3100 and 1.3150
Resistance: 1.3050 /...
On the H4, with the price breaking the ascending channel , crossing the ichimoku cloud , and there’s a possible “double top” pattern, we have a bearish bias that the price may drop from the sell entry at 1.30180, which is in line with the 61.8% fibonacci retracement to the take profit at. 1.29821, where the 50% fibonacci retracement and overlap support are....
On H4, with the price crossing the ichimoku cloud, we have a bullish bias that the price may rise from the sell entry at 3.6069, which is in line with the 61.8% fibonacci retracement and overlap resistance to the take profit at 3.6774, where the previous swing high and 78.6% fibonacci retracement are. Alternatively, the price may drop to the stop loss at 3.5349,...
