On H4, with the price moving above the ichimoku cloud, combined with the reduction of supply, we have a bullish bias that the price may rise from the buy entry at 96.393, which is in line with the 23.6% fibonacci retracement to the take profit at 102.807, which is in line with the previous swing high. Alternatively, the price may drop to the stop loss at 93.374,...
We have a bullish bias on USDCHF on the H4 chart. Prices are trading above the Ichimoku cloud indicating a slightly bullish market. Looking for a break out buy entry at 0.9958 where the swing high,127.2% extension sits. The stop loss will be set at 0.9855, which is the previous low and the overlap support sits. Take profit will be at 1.0054, where the swing high...
On H4, the price is at corrective wave B, and showing a retracing trend. With the price is above ichimoku cloud , we could expect the price drop to the buy entry at 1.09160, which is in line with the 50% fibonacci retracement , and then rise to the take profit at 1.14804, where the swing high, 61.8% fibonacci retracement and the end of wave A sit. Alternatively,...
On the H4, price is moving within the descending trendline but in an ascending manner, with the price above ichimoku cloud , we are slightly bullish biased. We're looking for buy entry at 0.9797, where the 61.8% fibonacci retracement is and bounce off to take profit at 0.99208 where the overlap resistance sits. Alternatively, the overall bearish momentum could...
Microchip Technolog y
Short Term - We look to Buy at 65.63 (stop at 62.70)
Broken out of the triangle formation to the upside. A lower correction is expected. Reverse trend line support comes in at 64.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward.
Our profit targets will be 73.30 and 78.00
Resistance: 74.00 / 90.00 /...
Bitcoin
Intraday - We look to Buy a break of 20431 (stop at 19898)
Bias is mildly bullish today but we need to see a break of 20400 to confirm the upward pressure. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. We look for gains to be extended today.
Our profit targets will be 21699 and 21999...
AUDJPY
Intraday - We look to Buy at 92.25 (stop at 91.60)
Previous support located at 92.50. Previous resistance located at 93.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 93.75 and 94.00
Resistance: 93.00 / 93.75 /...
On H4, with the price moving above the ichimoku cloud, we have a bullish bias that if the price can break the buy entry at 1.38496, where the previous swing high is, the price may rise to the take profit at 1.40160, which is in line with the -23.6% fibonacci extension. Alternatively, the price may drop to the stop loss at 1.36849, where the overlap support...
On the H4, price is moving within the descending trendline but in an ascending manner, with the price above ichimoku cloud,- we are slightly bullish biased. Price may drop to the buy entry at 0.97979, where the 61.8% fibonacci retracement is and bounce off to test the take profit at 0.99208 where the overlap resistance sits. Alternatively, the overall bearish...
On H4, the price is at corrective wave B, and showing a retracing trend. With the price is above ichimoku cloud, we could expect the price drop to the buy entry at 1.09160, which is in line with the 50% fibonacci retracement, and then rise to the take profit at 1.14804, where the swing high and the end of wave A sit. Alternatively, the price may break the buy...
On H4, with the price moving above the descending trendline and above ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 93.947, which is in line with the overlap support to the take profit at 100.494, where the78.6% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 90.107, which is in line with the...
On the 4-hour chart, the DJI has a bearish bias. However, before the bearish momentum continues, we are searching for a corrective buy entry to the upside. Looking for a buy entry at 29926.68, which is where the market gap lies. The stop loss will be at 28715.85, which is the previous low and the 0% Fibonacci line. Take profit will be at 31886.07, where two of the...
Waste Management, Inc
Short Term - We look to Sell a break of 166.30 (stop at 170.08)
Trading within a Bearish Channel formation. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A break of 166.30 is needed to confirm follow through negative momentum. Our expectation now is for this swing lower to continue towards the bottom of...
Ethereum
Intraday - We look to Sell at 1388 (stop at 1421)
The previous swing high is located at 1397. Bespoke resistance is located at 1400. We look for a temporary move higher. Preferred trade is to sell into rallies. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Our profit targets will be 1303 and...
USDCAD
Intraday - We look to Buy at 1.3475 (stop at 1.3415)
Previous support located at 1.3550. Previous resistance located at 1.3600. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.3595 and 1.3600
Resistance: 1.3600 / 1.3650 / 1.3700
Support: 1.3550 / 1.3500 / 1.3475
Please...
DJI has a bearish bias on the H4 chart. In addition, the price is below the ichimoku cloud, indicating a bearish market. For the sell entry, price should retrace upwards to the 61.8% Fibonacci line at 32160.05. To add to the confluence of this sell area, there is a market gap that appears to be fillable there. The stop loss will be placed at 33364.70, just above...
On H4, price is trading above the ichimoku cloud and in an ascending manner hence we are bullish bias. We're looking for a pull back sell entry at 1.0049 where the 78.6% retracement sits -as the overall trend is still bearish- to take profit at 0.9875 where my overlap support sits. Our stop loss is at 1.0190 where the previous swing high is
Please be advised that...
On H4, prices have pulled back slightly but overall trend is moving in an ascending manner hence we are bullish bias- we're looking for a pull back buy entry at 0.9766 where the 38.2% retracement is to take profit at 0.9972 level where the previous swing high, 127.2% extension and 100% projection sits. Our stop loss is at 0.9690 where the overlap support...
