Ethereum
Intraday
We look to Buy a break of 1291 (stop at 1229)
We are trading at oversold extremes. A higher correction is expected. Bullish divergence is expected to support prices. A break of the recent high at 1282 should result in a further move higher.
Our profit targets will be 1438 and 1488
Resistance: 1300 / 1400 / 1500
Support: 1200 / 1100 /...
DOW30
Intraday
We look to Sell at 31095 (stop at 31410)
We look to sell rallies. Selling pressure dominated price action yesterday and we expect this to continue today. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The bias is still for lower levels and we look for any gains to be limited. Expect...
GBPJPY
Intraday - We look to Buy at 162.10 (stop at 161.00)
We are trading at oversold extremes. A Doji style candle has been posted from the base. This is positive for sentiment and the uptrend has potential to return. We look to buy dips.
Our profit targets will be 165.20 and 168.40
Resistance: 165.40 / 168.40 / 171.90
Support: 162.00 / 158.65 /...
With price moving above the ichimoku cloud , price is expected to rise to our entry at 119.04 in line with the 50% Fibonacci retracement and horizontal swing low support to our take profit area at 127.10 in line with the127.2% Fibonacci extension. Alternatively, price may break entry structure and head for our stop loss at 113.41 in line with the 50% Fibonacci...
With price moving below the ichimoku cloud, price is expected to drop from our entry at 1829 in line with the 23.6% Fibonacci retracement and horizontal pullback resistance to our take profit area at 1786 in line with the horizontal swing low support. Alternatively, price may break entry structure and head for our stop loss at 1856 in line with the 61.8% Fibonacci...
On the H4, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will continue to drop from the sell entry at 0.69498 in line with the overlap resistance to the take profit at 0.68287 in line with the 100% fibonacci projection. Alternatively, price may break the entry structure and rise to the stop loss at...
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the sell entry at 0.62862 in line with the pullback resistance to the take profit at 0.61164 in line with the 78.6% fibonacci projection and 127.2% fibonacci extension. Alternatively, price may break the entry structure and rise to the stop loss at 0.63717 in...
Bitcoin
Intraday - We look to Sell a break of 23398 (stop at 23933)
Trades at the lowest level in 18months. There is no indication that the selloff is coming to an end. We have a 78.6% Fibonacci pullback level of 17200 from 69000 to 3122. Short term momentum is bearish.
Our profit targets will be 22022 and 21202
Resistance: 24300 / 25000 / 26000
Support:...
US500
Intraday - We look to Sell at 3893 (stop at 3948)
Preferred trade is to sell into rallies. We look for losses to be extended today. There is scope for mild buying at the open but gains should be limited. Previous support, now becomes resistance at 3900. Expect trading to remain mixed and volatile.
Our profit targets will be 3732 and 3701...
On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our take profit at 1.04915 where the swing high resistance is from our buy entry at 1.03358 where the overlap support, 61.8% fibonacci retracement and 61.8% fibonacci projection are. Alternatively, price may break entry structure and head to our stop loss at...
With price expected to drop from the RSI resistance, we have a bearish bias that price will drop from our entry where the horizontal swing high resistance at 1873 to our take profit area of 1829 in line with the 61.8% Fibonacci retracement and horizontal swing low support. Alternatively, our stop loss is at 1902 where the next horizontal swing high resistance...
EURGBP
Intraday - We look to Buy at 0.8485 (stop at 0.8445)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The hourly chart technicals suggests further downside before the uptrend returns. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the...
On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our take profit at 1.28883 where the swing high resistance, 61.8% Fibonacci projection , 61.8% Fibonacci retracement and 100% Fibonacci projection are from our buy entry at 1.27639 where the pullback support is. Alternatively, price may break entry structure and...
US500
Intraday
We look to Buy at 3940 (stop at 3885)
We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. We look to buy dips.
Our profit...
Litecoin
Intraday - We look to Sell at 60.68 (stop at 62.08)
Preferred trade is to sell into rallies. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Risk/Reward would be poor to call a sell from current levels. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended...
On the H4, with price moving within the descending trend channel, we have a bearish bias that price will drop from our entry at 1.49833 in line with the swing high to the take profit at 1.47829 at the multiple swing lows in line with the 61.8% fibonacci projection. Alternatively, price may break the resistance level at the entry and rise to stop loss at 1.51601 in...
EURJPY
Intraday - We look to Buy at 140.75 (stop at 139.60)
Selling pressure from 142.79 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We look to buy dips.
Our profit targets will be 144.10 and 145.00
Resistance: 145.00...
On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our take profit at 0.98750 where the pullback resistance, 161.8% Fibonacci extension, 61.8% Fibonacci retracement and 100% Fibonacci projection are from our buy entry at 0.97509 where the swing low support is. Alternatively, price may break entry structure and...
