On the H4, with price below ichimoku cloud and within the descending channel, we have a bearish bias that the price may drop from the sell entry at 93.490 to the take profit at 88.219, where the 78.6% fibonacci projection and swing low are. Alternatively, the price may break the sell entry and rise to the stop loss at 98.758, which is in line with 61.8% fibonacci...
On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop to sell entry at 31912 where the pullback support is. Once there is downside confirmation that price has broken entry structure, we would expect bearish momentum to carry price to take profit at 30979 where the swing low support is. Alternatively,...
Abbott Labratories
Short Term - We look to Buy at 105.03 (stop at 102.52)
Buying pressure has confirmed an initial rejection from the approach towards the key psychological level of 101.21. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected...
Litecoin
Intraday - We look to Buy at 57.36 (stop at 56.09)
Short term momentum is bullish. Short term bias has turned positive. 20 4hour EMA is at 57.80. 50 4hour EMA is at 57.70. We look to buy dips.
Our profit targets will be 60.75 and 61.65
Resistance: 61.00 / 62.00 / 63.00
Support: 60.00 / 59.00 / 57.
Please be advised that the information...
USDCAD
Intraday - We look to Buy at 1.2980 (stop at 1.2920)
Previous support located at 1.3000. Previous resistance located at 1.3050. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3050 will confirm the bullish momentum.
Our profit targets will be 1.3100 and 1.3150
Resistance: 1.3050 /...
On the H4, with the price breaking the ascending channel , crossing the ichimoku cloud , and there’s a possible “double top” pattern, we have a bearish bias that the price may drop from the sell entry at 1.30180, which is in line with the 61.8% fibonacci retracement to the take profit at. 1.29821, where the 50% fibonacci retracement and overlap support are....
On H4, with the price crossing the ichimoku cloud, we have a bullish bias that the price may rise from the sell entry at 3.6069, which is in line with the 61.8% fibonacci retracement and overlap resistance to the take profit at 3.6774, where the previous swing high and 78.6% fibonacci retracement are. Alternatively, the price may drop to the stop loss at 3.5349,...
On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that the price will drop to the sell entry at 3943.66 where the pullback support is. Once there is downside confirmation that price has broken entry structure, we would expect bearish momentum to carry price to take profit at 3724.28 where...
Dropbox
Short Term - We look to Sell at 22.37 (stop at 23.10)
The medium term bias remains bearish. We are assessed to be in a corrective mode higher. A Fibonacci confluence area is located at 22.40. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit...
Bitcoin
Intraday - We look to Sell at 19949 (stop at 20303)
Daily signals are bearish. Broken out of the triangle formation to the downside. Trend line resistance is located at 20000. Trading close to the psychological 20000 level. Preferred trade is to sell into rallies.
Our profit targets will be 19069 and 18669
Resistance: 19500 / 20000 /...
EURSEK
Intraday - We look to Buy at 10.6539 (stop at 10.6164)
The medium term bias remains bullish. We look to buy dips. Our short term bias remains positive. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. Previous support located at 10.6500.
Our profit targets will be 10.7529 and 10.8182...
On the H4, with the price moving below the ichimoku cloud and moving within the descending channel, we have a bearish bias that the price may drop to the sell entry at 0.67020, which is in line with the previous swing low. If the price can break this support level , the take profit could be at 0.66400, where the 78.6% fibonacci projection is. Alternatively, the...
On the H4, with prices below ichimoku cloud and descending trendline, we have a bearish bias. The sell entry could be at 1714.540, which is inline with the overlap support, if the price break the sell entry, we could expect to take profit at 1691.732, which is in line with the previous swing low, 78.6% and 100% fibonacci projection . Alternatively, the price may...
On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 31912 where the pullback resistance and 23.6% fibonacci retracement are to the take profit at 30979 where the swing low support is. Alternatively, price could break entry structure and rise to stop loss at 32627 where the pullback resistance,...
Live Nation Entertainment
Short Term - We look to Sell at 90.13 (stop at 93.80)
The medium term bias remains bearish. A bearish Head and Shoulders is forming. The measured move target is 81.00. Further downside is expected although we prefer to sell into rallies close to the 91.00 level.
Our profit targets will be 81.20 and 79.00
Resistance: 93.00 /...
Litecoin
Intraday - We look to Buy at 52.41 (stop at 51.17)
We are trading at oversold extremes. Trend line support is located at 52.00. We look to buy dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 55.88 and 56.68
Resistance: 55.00 / 56.00 / 57.50
Support: 53.00 / 52.00 / 51.00
Please...
EURJPY
Intraday - We look to Buy at 141.30 (stop at 140.35)
We are trading at overbought extremes. A lower correction is expected. With the Ichimoku cloud support below we expect dips to be limited. We look to buy dips.
Our profit targets will be 144.10 and 144.30
Resistance: 144.30 / 147.25 / 151.00
Support: 141.70 / 138.85 / 135.
Please be advised...
On H4, with the price moving above the ichimoku cloud and ascendingh trendline, we have a bullish bias that the price may rise from the buy entry at 0.98848, which is in line with the swing high to the 1.00412, where the previous significant swing high is. Alternatively, the price may drop to the stop loss at 0.97545, which is in line with the 23.6% fibonacci...
