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...
SP500 is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 4434.09
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 4475.14
Why we like it:
There is a pullback resistance that sits above the 61.8% 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...
USDCAD is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.35019
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1.34449
Why we like it:
There is a pullback support that sits under the 50.0% Fibonacci...
USOUSD is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 80.693
Why we like it:
There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 82.689
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci...
Netflix - 30d expiry - We look to Sell a break of 410.77 (stop at 430.77)
We are trading at overbought extremes.
485 has been pivotal.
Prices have reacted from 485.
Short term bias has turned negative.
Short term momentum is bearish. 411.50 has been pivotal.
A break of the recent low at 411.50 should result in a further move lower.
The bias is to break to...
HS50 - 24h expiry - We look to Sell at 18585 (stop at 18785)
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
XRP - 24h expiry - We look to Sell at 0.6219 (stop at 0.6519)
Our short term bias remains negative.
Our bespoke support of 0.6170 has been clearly broken.
Previous support at 0.6200 now becomes resistance.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.6230.
Our profit targets will be 0.5519 and 0.5419
Resistance: 0.6050 / 0.6200 /...
EURUSD is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.09431
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.09995
Why we like it:
There is a pullback resistance that sits above the 61.8% Fibonacci retracement...
GBPUSD is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.27793
Why we like it:
There is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and 78.6% projection levels
Stop Loss: 1.28160
Why we like it:
There is an overlap...
USDJPY is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 144.898
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 143.873
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci...
NZDUSD is rising towards an overhead resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59926
Why we like it:
There is an overlap resistance that aligns close the 8.2% Fibonacci retracement level
Stop Loss: 0.60309
Why we like it:
There is an overlap resistance that sits above the 50.0% Fibonacci retracement...
EURJPY is potentially breaking through the recent swing-high. Could bullish momentum carry price up towards our take profit target?
Entry: 159.204
Why we like it:
Price is potentially breaking above a swing-high resistance
Stop Loss: 157.994
Why we like it:
There is an overlap support level
Take Profit: 160.775
Why we like it:
There is a resistance level that...
GBPUSD rising towards the 61.8% Fibonacci resistance level and potentially reverse from here to drop lower towards our take profit target.
Entry: 1.27387
Why we like it:
There is a resistance level that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 1.27793
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci...
EURUSD rising towards a confluence of Fibonacci resistance levels and potentially reverse from here to drop lower towards our take profit target.
Entry: 1.09620
Why we like it:
There is a confluence of Fibonacci levels i.e. the 50.0% retracement and 61.8% projection levels
Stop Loss: 1.09995
Why we like it:
There is a pullback resistance that sits above the...
NZDUSD could rise again towards an overhead resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59851
Why we like it:
There is an overlap resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 0.60309
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci...
XRP - 24h expiry - We look to Sell a break of 0.6168 (stop at 0.6468)
Our short term bias remains negative.
0.6200 continues to hold back the bears.
A break of the recent low at 0.6170 should result in a further move lower.
The bias is to break to the downside.
We are trading at overbought extremes.
Our profit targets will be 0.5468 and 0.5408...
