GBPUSD
Intraday - We look to Sell at 1.1898 (stop at 1.1951)
The medium term bias remains bearish. Previous support level of 1.2003 broken. There is scope for mild upward pressure at the open but we look for selling interest to resist gains. Preferred trade is to sell into rallies.
Our profit targets will be 1.1744 and 1.1700
Resistance: 1.1900 / 1.2003...
On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 0.62124 where the pullback overlap resistance is to the take profit at 0.60606 where the swing low support and 161.8% fibonacci extension are. Alternatively, price could break entry structure and rise to stop loss at 0.63142 where the overlap...
On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to sell entry at 32608 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take...
Ethereum
Intraday - We look to Sell a break of 1526 (stop at 1571)
1527 has been pivotal. A break of the recent low at 1527 should result in a further move lower. Daily signals are mildly bearish. Our short term bias remains negative.
Our profit targets will be 1424 and 1394
Resistance: 1700 / 1750 / 1800
Support: 1600 / 1550 / 1500
Please be advised...
Intuit
Short Term - We look to Sell at 478.00 (stop at 501.49)
This stock reported earning in line with expectations and reported a share buyback which led to a jump in shares premarket. We look to fade this brief rally.480.00 continues to hold back the bulls. Early optimism is likely to lead to gains although extended attempts higher are expected to fail....
On the H4, with the price going within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop to the sell entry at 0.68865, which is in line with the previous swing lows. If the price breaks the sell entry, we can expect it to drop to the take profit at 0.67828, where the 78.6% fibonacci retracement is. Alternatively, the...
On the H4, with price breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise to the buy entry at 102.489, where the 100% fibonacci projection and overlap resistance are. If the price breaks this level, we can expect the price to rise to the take profit at 105.996, where the swing highs are. Alternatively, the price...
EURSEK
Intraday - We look to Buy at 10.5061 (stop at 10.4602)
Preferred trade is to buy on dips. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation...
On the H4, prices seem to be in a bearish momentum as prices are still below the ichimoku cloud . we're looking for a pullback sell entry at 1.1875 where the 23.6% retracement sits. our take profit will be placed at the previous swing low at 1.1722 and stop loss at 1.1930 where the 78.6% projection and 38.2% retracement sits
Please be advised that the information...
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that the price will rise to buy entry at 4179.62 where the pullback resistance is. Once there is upside confirmation of price breaking entry structure, we would expect bullish momentum to carry price to take profit at 4328.40 where the swing high resistance and 127.2% fibonacci...
XRP
Intraday - We look to Sell at 0.3459 (stop at 0.3521)
Daily signals are bearish. Our short term bias remains negative. The trend of higher highs is located at 0.3460. We look for a temporary move higher.
Our profit targets will be 0.3301 and 0.3261
Resistance: 0.3400 / 0.3450 / 0.3500
Support: 0.3300 / 0.3240 / 0.3200
Please be advised that the...
Palo Alto Networks
Short Term - We look to Buy at 533.54 (stop at 509.45)
They reported better than expected earnings and share jumped in premarket. We are trading within a Bullish Ascending Triangle formation. Broken out of the triangle formation to the upside. Previous resistance at 531.00 now becomes support. Dip buying offers good risk/reward.
Our...
EURUSD
Intraday - We look to Sell at 0.9997 (stop at 1.0060)
We are trading at oversold extremes. There is scope for mild buying at the open but gains should be limited. Resistance is located at 1.0000 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 0.9853 and 0.9825
Resistance: 1.0000 / 1.0360 /...
On H4, as the price is going with the long term descending trendline, we have a bearish bias that the price may drop from the sell entry at 0.96581, which is in line with the previous swing high to the the take profit at 0.95490, where the 38.2% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 0.97357, where the previous swing high...
On H4, with the price moving within the descending trendline, below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 18.854, which is in line with the overlap support and 78.6% fibonacci retracement to the take profit at 18.232, which is in line with the previous swing lows. Alternatively, the price may rise to the stop loss at...
On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to sell entry at 32608 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take...
Bitcoin
Intraday - We look to Sell a break of 20699 (stop at 21151)
Short term momentum is bearish. There is no indication that the selloff is coming to an end. A break of the recent low at 20771 should result in a further move lower. 20704 has been pivotal. Broken out of the channel formation to the downside.
Our profit targets will be 19621 and 19221...
Signify Health
Short Term - We look to Sell at 29.83 (stop at 33.46)
There is market rumour that Amazon, United Health and CVS are interested in buying this company. This led to a surge in the stock in premarket. We are trading at overbought extremes. A lower correction is expected. Bespoke resistance is located at 30.00. Selling spikes offers good...
