Oracle
Intraday - We look to Sell a break of 68.29 (stop at 71.31)
The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50.
Our profit targets will be 60.09 and 58.00...
EURUSD
Intraday - We look to Sell at 1.0528 (stop at 1.0564)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. Rallies should be capped by yesterday's high. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0530, resulting in improved risk/reward. Risk/Reward would be...
On the H4, with prices expected to bounce off the stochastic support, we have a bullish bias that price will drop and rise from our buy entry at 1.21814 where the horizontal overlap support and 50% fibonacci retracement are to our take profit at 1.24315 in line with the 61.8% fibonacci projection, 78.6% fibonacci retracement and pullback resistance. Alternatively,...
On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our buy entry at 103.439 where the 127.2% fibonacci extension, 50% fibonacci retracement and swing low support are, after price has dropped to the 1st support level, to our take profit at...
Bitcoin
Intraday - We look to Sell at 21987 (stop at 22511)
Trading within a Corrective Channel formation. The trend of higher highs is located at 22000. We look for a temporary move higher. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
Our profit targets will be 20666 and 20166
Resistance: 21500 / 22000 /...
Nike
Short Term - We look to Sell at 110.32 (stop at 118.64)
The company built caution into 2023 guidance on fears of more China Covid lockdowns. Trades with a bearish descending triangle formation. The bias is to break to the downside. We look to sell rallies. The measured move target is 83.50.
Our profit targets will be 83.50 and 75.00
Resistance:...
EURCHF
Intraday - We look to Sell at 1.0169 (stop at 1.0192)
Daily signals are bearish. Preferred trade is to sell into rallies. 50 4hour EMA is at 1.0172.
Our profit targets will be 1.0111 and 1.0101
Resistance: 1.0120 / 1.0150 / 1.0170
Support: 1.0100 / 1.0050 / 1.0000
Please be advised that the information presented on TradingView is provided to...
On the H4, with price bouncing off the ichimoku cloud, we have a bullish bias that price will continue to rise from the 1st support at 110.83 in line with the pullback support and 38.2% Fibonacci retracement to the 1st resistance at 123.53 at the horizontal swing high in line with the 78.6% Fibonacci projection. Alternatively, price may reverse off the 1st...
On the H4, with price breaking the descending trendline, we have a bullish bias that price will continue to rise from the 1st support at 0.69225 at the pullback support in line with the 23.6% fibonacci retracement to the 1st resistance at 0.70510 in line with the overlap resistance, 78.6% Fibonacci projection and 50% Fibonacci retracement. Alternatively, price may...
On the H4, with price expected to bounce off ichimoku support, we have a bullish bias that price will rise from our buy entry at 1.28620 where the horizontal swing low support and 38.2% Fibonacci retracement is to our take profit at 1.30205 in line with the horizontal swing high resistance and 61.8% fibonacci projection. Alternatively, price may break structure...
On the H4, with RSI moving in a bullish momentum and along an ascending trendline, we have a bullish bias that prices will rise from to our buy entry at 1841.11 where the horizontal swing high resistance and 61.8% fibonacci retracement. Once we have upside confirmation, we would expect bullish momentum to carry price to intermediate resistance level at 1847.05 in...
Ethereum
Intraday - We look to Buy at 1191 (stop at 1144)
Short term bias has turned positive. 50 4hour EMA is at 1186. Previous resistance at 1150 now becomes support. We look for a temporary move lower.
Our profit targets will be 1308 and 1348
Resistance: 1280 / 1400 / 1500
Support: 1200 / 1150 / 1100
Please be advised that the information presented...
Twitter
Short Term - We look to Buy at 39.16 (stop at 37.32)
They recently gave Elon Musk more information as he requested and deal seems to be still forging ahead. The sequence for trading is higher highs and lows. 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...
On the H4, with price moving below the ichimoku cloud and the current bearish momentum, we have a bearish bias that price will drop from our entry at 116.24 where the horizontal pullback resistance and 50% Fibonacci retracement is to our take profit in line with the horizontal swing low support and 78.6% Fibonacci retracement. Alternatively, price may head for...
On the H4, with price breaking the ichimoku cloud, we have a bullish bias that price will rise to our take profit at 32605 where the 78.6% Fibonacci retracement is from our entry at 30838 in line with the horizontal overlap support and 38.2% Fibonacci retracement. Alternatively, price may break structure and head for our stop loss where the horizontal swing low...
GBPUSD
Intraday - We look to Sell at 1.2350 (stop at 1.2415)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the...
On the H4, with price moving in an ascending trendline and above the ichimoku cloud, we have a bullish bias that price will continue to rise from the 1st support at 1.04861 in line with the pullback support to the 1st overlap resistance at 1.06348 in line with two 61.8% fibonacci projections, or 2nd resistance at 1.07835 at the swing high in line with the 100%...
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to our buy entry at 135.671 where the pullback resistance is. Once there is upside confirmation, we would expect bullish momentum to carry price to our take profit at 140.778 where the 100% fibonacci projection and 61.8% fibonacci projection are . Alternatively,...
