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...
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 94.689, 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 H4, with the price testing the resistance at 0.65383, where the previous swing high sits, and crossing ichimoku cloud, if the price can break the current resistance successfully, we can expect the price rise to the take profit at 0.66604, which is in line with the 50% and 38.2% fibonacci retracement. Alternatively, the price may drop back to the stop loss...
Home Depot Inc
Intraday - We look to Buy at 285.03 (stop at 271.38)
Buying pressure from 265.00 resulted in prices rejecting the dip. Posted a Double Bottom formation. The reaction higher is positive and highlights a clear reversal. A weaker opening is expected to challenge bullish resolve. Dip buying offers good risk/reward.
Our profit targets will be...
Litecoin
Intraday - We look to Buy at 52.05 (stop at 50.98)
The trend of higher lows is located at 52.00. A lower correction is expected. Dips continue to attract buyers. We look to buy dips.
Our profit targets will be 54.98 and 55.88
Resistance: 55.50 / 57.50 / 59.00
Support: 54.50 / 53.50 / 52.00
Please be advised that the information presented on...
On H4, with the price moving cross the ichimoku cloud, RSI is showing an ascending trendline, we have a bullish bias that the price may rise from the buy entry ay 1.13305, which is in line with the 50% fibonacci retracement to the take profit at 1.17237, where the previous swing high is. Alternatively, the price may drop to the stop loss at 1.10854, where the...
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 91.903, which is in line with the 100% fibonacci projection and 38.2% fibonacci retracement to the take profit at 98.494, where the overlap resistance is. Alternatively, the price may drop to the stop loss ta...
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 to take profit at 0.9875 where my overlap support sits. Our stop kiss is at 1.0190 where the previous swing high is
Please be advised that the information presented on...
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...
EURJPY
Intraday - We look to Buy at 142.40 (stop at 141.70)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. 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...
The DJI is in a strong bearish trend on the H4 chart. Price, however, retraced back above the previous swing low of 29647.79. On DJI, there was significant upward bullish momentum overnight.
At 29647.79, where there is a market gap that appears promising to be filled, buyers are looking for a pullback.
The prior long's stop loss point is at 28744.12 in this...
Charles Schwab Corporation
Short Term - We look to Buy a break of 73.58 (stop at 71.93)
The medium term bias remains bullish. Posted a bullish Flag formation. A break of 73.50 is needed to confirm the outlook. Further upside is expected. Our bias remains bullish and further upside is expected to target resistance at 78.00.
Our profit targets will be 77.91...
XRP
Intraday - We look to Sell a break of 0.4338 (stop at 0.4471)
A break of yesterdays low would confirm bearish momentum. Short term MACD has turned negative. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Daily signals are bearish.
Our profit targets will be 0.4001 and 0.3911
Resistance: 0.4650 /...
Price is in a very strong bearish trend on the H4 chart. Price should retrace back up to 30051.92, where the sell entry for a short will be. The fact that there is a market gap to be filled there coincides with the 23.6% Fibonacci line, which adds to this sell. At 31036.79, the stop loss will be slightly above the 38.2% fibonacci line. Take profit will be at...
On H4, with the price crossing the ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 164.524, where the price sits currently to the take profit at 168.028, which is in line with the swing highs. Alternatively, the price may drop to the stop loss at 162.746, which is in line with the overlap support.
Please be advised that the...
