On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 1.20509 where the swing high resistance is. Once there is upside confirmation that price has broken the buy entry, we would expect bullish momentum to carry prices to take profit at 1.21764 where the swing high...
Bitcoin
Intraday - We look to Buy at 22002 (stop at 21388)
Our short term bias remains positive. Dip buying offers good risk/reward. 50 4hour EMA is at 21950. Bespoke support is located at 22000.
Our profit targets will be 23488 and 23888
Resistance: 23000 / 24000 / 24300
Support: 22500 / 22000 / 21500
Please be advised that the information presented on...
AT&T
Short Term - We look to Sell at 20.41 (stop at 20.92)
Posted a Double Top formation. This is negative for sentiment and the downtrend has potential to return. There is scope for mild buying at the open but gains should be limited. Resistance is located at 20.50 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit...
On the H4, with the price breaking the ascending trendline, the price may drop from our sell entry at 1.29455, which is in line with 127.2% fibonacci retracement to our take profit at 1.27705, which is in line with 161.8% fibonacci retracement. Alternatively, the price may rise to the stop loss at 1.29455, which is in line with the 23.6% fibonacci retracement and...
On the H4, with price breaking the bullish channel, moving along the descending channel and crossing over the the ichimoku indicator, we have a bearish bias that price might drop from our sell entry at 0.97831 where the pullback resistance is to our take profit at 0.96789, which is in line with the close swing low. Alternatively, price may break the resistance...
On the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel, we have a bullish bias that price will continue to rise from the 1st support at 1.01865 at the overlap support. If price breaks above the intermediary resistance at 1.02527 in line with the 100% fibonacci projection, we have upside confirmation that price will...
EURUSD
Intraday - We look to Sell at 1.0278 (stop at 1.0342)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. Resistance is located at 1.0280 and should cap gains to this area. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1.0085 and 1.0050...
On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.430 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.801 in line with pullback support. Alternatively, prices could break entry structure and drop to stop loss...
Ethereum
Intraday - We look to Buy a break of 1633 (stop at 1578)
Our short term bias remains positive. Short term momentum is bullish. Daily signals are mildly bullish. There is no indication that the rally is coming to an end. A break of the recent high at 1630 should result in a further move higher.
Our profit targets will be 1768 and 1808
Resistance:...
TMUS
Short Term - We look to Buy a break of 138.19 (stop at 133.78)
Trend line resistance is located at 137.50. A break of resistance at 137.50 should lead to a more aggressive move higher towards 150.00. Daily signals are bullish. Our bias remains bullish and further upside is expected to target resistance at 150.00.
Our profit targets will be 149.90 and...
GBPUSD
Intraday - We look to Sell at 1.2100 (stop at 1.2175)
We are trading at overbought extremes. The 200 day moving average should provide resistance at 1.2154. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies.
Our profit...
On the H4, with price recently breaking the descending trend channel and moving above the ichimoku cloud, we have a bullish bias that price will continue to rise. If price breaks the resistance at the 1st resistance at 0.69134 at the overlap resistance in line with the 61.8% fibonacci retracement and 100% fibonacci projection, we will have upside confirmation that...
On the H4, with prices having broken out of the ascending channel and reversing off the ichimoku indicator, we have a bearish bias that prices will rise and drop from the sell entry at 107.514 where the 61.8% fibonacci projection and 38.2% fibonacci retracement are to the take profit at 105.661 where the pullback support is. Alternatively, prices could break entry...
On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.372 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.767 in line with pullback support. Alternatively, prices could break entry structure and drop to stop loss...
Bitcoin
Intraday - We look to Sell at 22987 (stop at 23555)
Daily signals are mildly bearish. The trend of higher highs is located at 23150. Bespoke resistance is located at 23000. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies.
Our profit targets will be 21511 and...
Netflix
Short Term - We look to Buy at 188.46 (stop at 161.06)
News events could adversely affect the short term technical picture. They report earnings after the close. Broken out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward. Further upside is expected....
USDJPY
Intraday - We look to Buy at 137.28 (stop at 136.26)
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Horizontal support is seen at 137.20. Dip buying offers good risk/reward. Support could prove difficult to breakdown. Further upside is expected although we prefer to...
On the H4, with price recently breaking the descending trend channel and price moving in an ascending trendline on the RSI, we have a bullish bias that price will rise from the 1st resistance at 0.61682 at the pullback resistance in line with the 38.2% fibonacci retracement to the 2nd resistance at 0.62055 at the overlap resistance in line with the 38.2% fibonacci...
