GER40
Intraday - We look to Sell a break of 13098 (stop at 13171)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. 50 4hour EMA is at 13140. A break of yesterdays low would confirm bearish momentum. A close below the key support at 13100 is expected to lead to further selling pressure. The bearish engulfing...
EURGBP
Intraday - We look to Sell at 0.8685 (stop at 0.8735)
We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. Preferred trade is to sell into rallies. The hourly chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to sell into...
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 96.458, which is in line with the 23.6% fibonacci retracement 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...
On H4, with the price breaking the ichimoku cloud, we have a bullish bias that the price may rise from the sell entry at 1.36840, which is in line with the overlap support to the take profit at 1.38775, where the 78.6% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 1.35072, where the swing lows are.
Please be advised that the...
The price hit our sell entry at 33077.47, where the 78.6% and 23.6% Fibonacci lines are located, on the H4 chart. We've set a relatively safe stop loss at 34534.39, which is just above the previous swing high and the 100% Fibonacci line. The take profit will be set at 30886.18, which is where the 38.2% and 61.8% Fibonacci lines intersect.
Please be advised that...
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, as the price is breaking the ascending trendline and below ichimoku cloud, we have a bearish bias that the price may drop form the sell entry at 0.63351, which is in line with the 50% fibonacci resistance and overlap support to the take profit at 0.61699, where the swing low is. Alternatively, the price may rise to the 1st resistance at 0.64329,...
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...
