Bitcoin
Intraday - We look to Sell at 20299 (stop at 20626)
20300 continues to hold back the bulls. Daily signals are mildly bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. We look for a temporary move higher.
Our profit targets will be 19404 and 19004
Resistance:...
USDCAD
Intraday - We look to Buy at 1.3600 (stop at 1.3540)
Previous support located at 1.3650. Previous resistance located at 1.3700. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.3700 will confirm the bullish momentum.
Our profit targets will be 1.3720 and 1.3750
Resistance: 1.3700 /...
The overall bias for DAX on the H4 is bearish. Looking for a potential retracement sell at 12906.26 where the 23.6% and 50% Fibonacci line intersects. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the 0% Fibonacci line and previous low lies.
Please be advised that the information presented...
On H4, with the price breaking the ascending trendline and below ichimoku cloud, we would hold a bearish bias. The price is showing a double top pattern, if the pattern is formed, we can expect to sell at 1.35071, which is the neckline of the double top pattern. The take profit is at 1.32230, where the overlap support is. Alternatively, the price may rise to the...
On H4, price has rejected the key resistance level hence we are bearish bias. Looking for a breakout sell entry 0.9932, where the 23,.6% fibonacci retracement and previous swing high is.
Take profit will be placed at 0.9793 where the 50% retracement sits and stop loss is placed at 1.0058 where the swing high sits
Please be advised that the information presented...
On H4, the price is above ichimoku cloud and testing the buy entry, with the price crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 95.650, which is in line with the overlap support to the take profit at 105.142, where the swing high is. Alternatively, the price may drop to the stop loss at 89.971, where the...
Pinterest
Short Term
We look to Sell at 22.15 (stop at 23.35)
Posted a Double Top formation. Bias is mildly bearish today but we need to see a break of 21.25 to confirm the downward pressure. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 22.15, resulting in improved risk/reward. The previous swing low is...
Bitcoin
Intraday - We look to Sell at 20299 (stop at 20626)
20300 continues to hold back the bulls. Daily signals are mildly bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. We look for a temporary move higher.
Our profit targets will be 19404 and 19004
Resistance:...
On H4, with the price moving above the ichimoku cloud , we have a bullish bias. Looking for a breakout buy entry 1.00710, which is in line with the previous swing high, 127.2% fibonacci extension and 161.8% fibonacci projection to the take profit at 1.02369, where the previous swing high is. Alternatively, the price may drop to the stop loss at 0.99549, where the...
On the H4 chart the overall bias for DJI is bearish. Looking for a potential retracement sell entry at 12906.26 where the 23.6% and 50% Fibonacci lines are. Stop loss will be at 13564.83, slightly above where the 61.8% Fibonacci line is. Take profit will be at 11862.84 where the previous low and 0% Fibonacci line is.
Please be advised that the information...
USDJPY
Intraday - We look to Buy at 147.67 (stop at 147.07)
The primary trend remains bullish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Dips continue to attract buyers. We can see no technical reason for a change of trend. Preferred trade is to buy on dips.
Our profit targets will...
On H4, with the price moving above the ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.00710, which is in line with the previous swing high, 127.2% fibonacci extension and 161.8% fibonacci projection to the take profit at 1.02369, where the previous swing high is. Alternatively, the price may drop to the stop loss at 0.99549,...
On H4, the price is above ichimoku cloud and testing the buy entry, with the price crossing the descending trendline, we have a bullish bias that the price may rise from the buy entry at 93.901, which is in line with the overlap support to the take profit at 105.142, where the swing high is. Alternatively, the price may drop to the stop loss at 89.971, where the...
BLACKROCK
Short Term - We look to Sell at 602.67 (stop at 646.89)
The primary trend remains bearish. Sentiment remains negative despite the pull-back higher in prices. Previous support at 610.00 now becomes resistance. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back...
Ethereum
Intraday - We look to Buy a break of 1338 (stop at 1313)
Prices have reacted from 1188. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 1337 should result in a further move higher.
Our profit targets will be 1397 and 1437
Resistance: 1350 / 1380 / 1400
Support:...
GBPUSD
Intraday - We look to Sell at 1.1485 (stop at 1.1580)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A Doji style candle has been posted from the high. A lower correction is expected. Previous resistance located at 1.1495. Preferred trade is to sell into...
On H4, although price has rebounded from the support level at 0.9680 levels and moving in an ascending manner we are still overall bearish bias. we're looking for a pull back sell entry at 0.9919 where the 61.8% projection sit to take profit at 0.9680 where the swing low and 61.8% projection sits. Stop loss is placed at 1.0050 levels where the previous swing high...
The overall bias for DJI on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Look for an immediate sell entry at 30033.46, which is the 23.6% Fibonacci line. The stop loss will be set at 30840.50, which is the 382% Fibonacci line. The take profit point will be at 27215.49, which is the -27.2% Fibonacci...
