HP Inc
Intraday - We look to Buy at 28.99 (stop at 26.49)
Short term momentum is bearish. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward...
GBPUSD
Intraday - We look to Sell at 1.1820 (stop at 1.1900)
Buying pressure from 1.1621 resulted in prices rejecting the dip. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A higher correction is expected....
On H4, with the price breaking the long term descending trendline, moving above the ascending trendline and above ichimoku cloud, we have a bullish bias that th eprice mat rise from the buy entry at 0.97619, where the 78.6% fibonacci retracement,161.8% fibonacci projection and overlap resistance are to the 0.98869, which is in line with the swing high....
On H4, with the price moving below the ichimoku cloud and MACD indicators are below zero, we have a bearish bias that the price may drop from the sell entry at 18.52159, where the previous swing low is to the take profit at 18.15568, where the swing low and 61.8% fibonacci projection are. Alternatively, the price may rise to the stop loss at 18.91003, where the...
On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from sell entry at 31920 where the pullback resistance, 61.8% fibonacci retracement and 61.8% fibonacci projection are to take profit at 30461 where the pullback support is. Alternatively, price could break entry structure...
Bitcoin
Intraday - We look to Sell at 20769 (stop at 21211)
Our short term bias remains negative. Preferred trade is to sell into rallies. Previous support at 20800 now becomes resistance. 50 4hour EMA is at 20757. Broken out of the channel formation to the downside.
Our profit targets will be 19731 and 19231
Resistance: 20800 / 21500 / 22000
Support:...
New York Times Co
Short Term - We look to Buy at 29.68 (stop at 27.17)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 29.60. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher....
USDJPY
Intraday - We look to Buy at 137.55 (stop at 136.67)
The primary trend remains bullish. We look for a temporary move lower. Support is located at 137.50 and should stem dips to this area. Further upside is expected although we prefer to set longs at our bespoke support levels at 137.50, resulting in improved risk/reward.
Our profit targets will be...
On H4, with the price moving below the long term descending trendline, MA, the price and MACD are showing a bearish divergence, we have a bearish bias that the price may drop to our sell entry at 0.96556, where the overlap support is to the take profit at 0.95759, where the swing lows and 38.2% fibonacci retracement are. Alternatively, the price may rise to the...
On H4, with the price moving below the ichimoku cloud and MA, we have a bearish bias that the price may drop to your sell entry at 18.52159, which is in line with the swing low to the take profit at 18.15568, where the swing low and 61.8% fibonacci projection are. Alternatively, the price may rise to the stop loss at 18.91003, where the 38.2% fibonacci retracement...
On the H4 chart, prices are above the ichimoku cloud and has confirmed a bullish momentum breaking the previous high. Short term- we're looking for a pullback buy entry at 137.519 where the 78.6% retracement sits, take profit at 139.407 where the swing high sits. Our stop loss will be placed at 136.324 where the 38.2% retracement and 78.6% projection sits
Please...
On the H4, with prices breaking out of the ascending trendline, we have a bearish bias that price will drop from sell entry at 4092.86 where the pullback resistance is to the take profit at 3943.37 where the pullback support and 61.8% fibonacci retracement are. Alternatively, price could break entry structure and rise to stop loss at 4178.29 where the pullback...
On the H4, prices seem to be in a bearish momentum as prices are still below the ichimoku cloud and in a descending trend. we're still looking for a pullback sell entry at 1.1859 where the 38.2% retracement and 78.6% projection zone sits. our take profit will be placed at the previous swing low and 100% projection at 1.1660 and stop loss at 1.1193 where the...
On the H4 chart, prices are above the ichimoku cloud and has confirmed a bullish momentum breaking the previous high. Short term- we're looking for a pullback buy entry at 137.620 where the 78.6% retracement sits, take profit at 139.430 where the swing high sits. Our stop loss will be placed at 136.314 where the 38.2% retracement sits
Please be advised that the...
On H4, with the price moving within the ascending trendline and above the ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.96909, which is in line with the 61.8% fibonacci retracement and swing highs to the take profit at 0.97771, where the 78.6% fionacci retracement and swing high are. Alternatively, the price may drop to...
On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop to sell entry at 31920 where the pullback support, 100% fibonacci projection , 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price break entry structure, we would expect bearish momentum to carry...
On H4, with the price moving below the ichimoku cloud and MA, we have a bearish bias that the price may drop from the sell entry at 18.64025, where the current price is to the take profit at 18.13879, where the swing low and 61.8% fibonacci projection are. Alternatively, the price may rise to the stop loss at 19.41105, where the swing highs are.
Please be advised...
Bitcoin
Intraday - We look to Buy at 21251 (stop at 20688)
Trading within a Corrective Channel formation. The trend of higher lows is located at 21200. Dips continue to attract buyers.
Our profit targets will be 22648 and 23148
Resistance: 21700 / 22500 / 23000
Support: 21000 / 20800 / 20000
Please be advised that the information presented on...
