USDCAD is falling towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.35019
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.34448
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci...
The Kiwi (NZDUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59851
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 0.60296
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci...
Morgan Stanley - 30d expiry - We look to Buy at 83.75 (stop at 80.75)
Bespoke support is located at 83.00.
A bullish reverse Head and Shoulders has formed.
Further upside is expected although we prefer to set longs at our bespoke support levels at 83.00, resulting in improved risk/reward.
We look to buy dips.
A lower correction is expected.
Our profit...
Ethereum - 24h expiry
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action continued to range between key support & resistance (1650 - 1690) although we expect a break of this range soon.
A higher correction is expected.
The bias is to break to the upside.
1546...
NZDJPY - 24h expiry - We look to Buy at 85.80 (stop at 85.30)
Price action has stalled at good support levels and currently trades just above here (85.75).
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 86.50 will confirm the bullish momentum.
Our...
EURJPY could fall towards a pullback support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 157.413
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 155.847
Why we like it:
There is a pullback support that sits under the 78.6% Fibonacci retracement...
AUDUSD is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.64275
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 0.64651
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement...
Bitcoin (BTCUSD) is trading close to a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 26264.84
Why we like it:
There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 27449.01
Why we like it:
There is a pullback resistance that sits above the 38.2%...
EURUSD is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.09063
Why we like it:
There is a pullback resistance that sits above the 23.6% Fibonacci retracement level
Stop Loss: 1.09349
Why we like it:
There is an overlap resistance that sits above the 38.2% Fibonacci retracement...
Ethereum - 24h expiry - We look to Sell a break of 1658 (stop at 1698)
There is no indication that the selloff is coming to an end.
We look for losses to be extended today.
Short term momentum is bearish.
Selling posted in Asia.
The lack of interest is a concern for bulls.
Our profit targets will be 1558 and 1538
Resistance: 1695 / 1715 / 1735
Support:...
Peloton - 30d expiry - We look to Sell at 9.78 (stop at 10.78)
Posted a Double Top formation.
9.82 has been pivotal.
9.87 has been pivotal.
We look to trade the current range.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
Our profit targets will be 7.28 and 6.78
Resistance: 7.50 / 8.60 / 9.00
Support: 6.62 / 6.30 /...
NAS100 could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 14830.80
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 14981.15
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement...
Gold (XAUUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1896.21
Why we like it:
There is a pullback resistance that sits under the 23.6% Fibonacci retracement level
Stop Loss: 1910.14
Why we like it:
There is an overlap resistance that sits above the 38.2% Fibonacci...
GBPUSD is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.26567
Why we like it:
There is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% projection levels
Stop Loss: 1.25908
Why we like it:
There is a...
AUDJPY has hit the sell entry at 93.083 and could potentially drop lower towards our take profit target. Wait for the current candle (06:00 UTC+0) to close for downside confirmation.
Entry: 93.083
Why we like it:
There is a potential bearish breakout
Stop Loss: 93.848
Why we like it:
There is a pullback resistance
Take Profit: 92.298
Why we like it:
There is a...
HP Inc - 30d expiry - We look to Buy at 30.32 (stop at 29.32)
The sequence for trading is higher highs and lows.
Broken out of the triangle formation to the downside.
The trend of higher lows is located at 30.20.
We look to buy dips.
This stock has seen good sales growth.
Our profit targets will be 32.82 and 33.32
Resistance: 31.50 / 32.30 /...
NZDUSD - 24h expiry - We look to Sell at 0.5990 (stop at 0.6020)
Price action continues within the short-term bearish trend channel.
Our expectation now is for this swing higher to continue towards the top of the trend channel, to complete a correction before sellers return.
Risk/Reward would be poor to call a sell from current levels.
We expect a reversal in...
Bitcoin - 24h expiry - We look to Sell a break of 28298 (stop at 28598)
Our bespoke support of 28800 has been clearly broken.
There is no indication that the selloff is coming to an end.
A break of the recent low at 28300 should result in a further move lower.
We look for losses to be extended today.
Short term momentum is bearish.
Our profit targets will...
