On the H4, with prices moving below the ichimoku indicator and within the descending channel, we have a bearish bias that price will drop to our sell entry at 1.18758 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 our take...
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the 1st resistance at 0.67654 in line with the 78.6% fibonacci projection to the 1st support at 0.66452 in line with the 161.8% fibonacci extension and 78.6% fibonacci projection. Alternatively, price may reverse off the...
Bitcoin
Intraday - We look to Sell a break of 19497 (stop at 19908)
Trend line support is located at 19600. Short term momentum is bearish. A break of the recent low at 19500 should result in a further move lower. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 18507 and 18107
Resistance: 20000 / 21000...
Peloton
Short Term - We look to Buy at 8.66 (stop at 7.14)
We are trading at oversold extremes. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 12.95 and 15.00...
GBPJPY
Intrada y - We look to Buy at 161.30 (stop at 160.00)
Selling pressure from 163.56 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. 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 the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 136.764 where the overlap support, 23.6% fibonacci retracement and 61.8% fibonacci projection are to our take profit at 140.094 in line with the -61.8% fibonacci expansion. Alternatively, price could break...
Ethereum
Intraday - We look to Sell at 1175 (stop at 1211)
Expect trading to remain mixed and volatile. 20 4hour EMA is at 1175. Short term bias has turned negative. We look for a temporary move higher. 1193 has been pivotal.
Our profit targets will be 1086 and 1066
Resistance: 1150 / 1200 / 1280
Support: 1100 / 1050 / 1000
Please be advised that the...
Meta
Short Term - We look to Buy at 164.56 (stop at 150.26)
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. Prices expected to stall near trend line support. Further upside is expected although we prefer to set longs at our bespoke...
GBPUSD
Intraday - We look to Sell at 1.2055 (stop at 1.2110)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We...
Duke Energy
Short Term -We look to buy at 105.90 (stop at 102.26)
Buying pressure from 97.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has a potential to return. Bespoke support is located at 105.50. There is scope of selling at the opening but we expect support to stem any losses. Preferred trade is to buy dips close...
Litecoin
Intraday - We look to Sell at 55.14 (stop at 56.15)
Previous resistance located at 55.00. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Choppy price action seen. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
EURGBP
Intraday - We look to Buy at 0.8425 (stop at 0.8395)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit...
On the H4, with price moving along an ascending trendline and RSI moving along an ascending trendline, we have a bullish bias that price will rise to our buy entry at 136.829 in line with the swing high resistance and 100% fibonacci projection . Once there is upside confirmation of price breaking buy entry, we would expect bullish momentum to carry price to take...
On the H4, with price recently breaking out of the descending trendline and RSI moving in an ascending trendline, we have a bullish bias that price will continue to rise from the 1st support at 0.68277 in line with the pullback support and 61.8% fibonacci projection to the 1st resistance at 0.69644 at the swing high in line with the 100% fibonacci projection....
Bitcoin
Intraday - We look to Sell at 21398 (stop at 22002)
Daily signals are bearish. We look for a temporary move higher. Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 19909 and 19509
Resistance: 20720 / 21000 / 21500
Support: 20000 / 19500 / 19000
Please be advised that...
GameStop -
Short Term - We look to Buy at 121.05 (stop at 106.04)
The trend of higher lows is located at 121.00. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. We look to buy dips. Further upside is expected.
Our profit targets will be 166.95 and 180.00
Resistance: 167.00 /...
USDCHF
Intraday - We look to Buy at 0.9641 (stop at 0.9618)
Short term bias has turned positive. We look to buy dips. 50 4hour EMA is at 0.9637. We look for a temporary move lower.
Our profit targets will be 0.9698 and 0.9708
Resistance: 0.9700 / 0.9730 / 0.9750
Support: 0.9670 / 0.9640 / 0.9620
Please be advised that the information presented on...
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the 1st resistance at 1.02380 in line with the 161.8% fibonacci extension and 100% fibonacci projection to the 1st support at 0.98280 in line with the 100% fibonacci projection and -61.8% fibonacci expansion....
