WTI oil (USOUSD) could fall towards an overlap support and potentially reverse from here to bounce higher towards our take profit target. Entry: 89.670 Why we like it: There is an overlap support level Stop Loss: 88.005 Why we like it: There is a pullback support that aligns below the 23.63% Fibonacci retracement level Take Profit: 92.577 Why we like it: There...
GBPJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 183.355 Why we like it: There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level Stop Loss: 184.264 Why we like it: There is an overlap resistance level that aligns with the 50.0% Fibonacci...
SP500 is falling towards a pullback support and could potentially break through it to drop lower towards our take profit target. Entry: 4439.84 Why we like it: There is a potential breakout level; wait for confirmation before entering the position Stop Loss: 4496.39 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci...
Bitcoin (BTCUSD) is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 26440.49 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 25757.73 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci...
Cisco Systems - 30d expiry - We look to Buy at 54.71 (stop at 52.71) Daily signals are bullish. A lower correction is expected. There is no clear indication that the upward move is coming to an end. 50 1-day EMA is at 54.50. The sequence for trading is higher highs and lows. Our profit targets will be 59.71 and 60.71 Resistance: 56.40 / 57.00 /...
GBPAUD - 24h expiry - We look to Buy a break of 1.9300 (stop at 1.9225) Price action looks to be forming a bottom. Short-term RSI has turned positive. A move through 1.9300 will confirm the bullish momentum. The measured move target is 1.9500. Trend line resistance is located at 1.9500. Our profit targets will be 1.9490 and 1.9525 Resistance: 1.9300 /...
Bitcoin - 24h expiry - We look to Buy at 26666 (stop at 26066) Our short term bias remains positive. Short term momentum is bullish. We look to buy dips. 20 4hour EMA is at 26660. There is no clear indication that the upward move is coming to an end. Our profit targets will be 28166 and 28566 Resistance: 27200 / 27500 / 28000 Support: 26700 / 26400 /...
USDJPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 147.071 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 146.535 Why we like it: There is an overlap support that aligns with the 61.8% 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: 1938.11 Why we like it: There is a pullback resistance that aligns beyond the 61.8% Fibonacci retracement level Stop Loss: 1947.52 Why we like it: There is a swing-high resistance level Take Profit: 1916.64 Why we...
USDCAD is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 1.34888 Why we like it: There is a pullback support level Stop Loss: 1.34326 Why we like it: There is a support level that aligns with the 127.2% Fibonacci extension level Take Profit: 1.35869 Why we like it: There is an...
The Euro (EURUSD) could rise towards an overlap resistance and potentially reverse from here to drop lower towards our take profit target. Entry: 1.06875 Why we like it: There is an overlap resistance level that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 1.07280 Why we like it: There is a pullback resistance level that aligns close to the...
Kellogg Company - 30d expiry - We look to Buy a break of 62.36 (stop at 59.96) With signals for sentiment at oversold extremes, the dip could not be extended. Bullish divergence is expected to support prices. The bias is to break to the upside. This stock has seen good sales growth. Price action looks to be forming a bottom. Our profit targets will be...
Ethereum - 24h expiry - We look to Buy at 1611 (stop at 1579) Short term bias has turned positive. Prices have reacted from 1530. The previous day's bullish engulfing candle led to further buying yesterday. We look to buy dips. Bespoke support is located at 1600. Our profit targets will be 1691 and 1721 Resistance: 1640 / 1660 / 1680 Support: 1620 / 1600...
Gold (XAUUSD) is trading close to an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1915.99 Why we like it: There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 1928.16 Why we like it: There is a pullback resistance that aligns close to the 50.0%...
AUDUSD is rising towards a multiple swing-high resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 0.65087 Why we like it: There is a multiple swing-high resistance level Stop Loss: 0.65855 Why we like it: There is a pullback resistance level that lies beyond the 127.2% Fibonacci extension level Take Profit:...
GBPUSD could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target. Entry: 1.24457 Why we like it: There is a pullback resistance level Stop Loss: 1.25332 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement level Take Profit: 1.23758 Why we like...
USDJPY could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target. Entry: 146.150 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 144.537 Why we like it: There is a multiple swing-low support level Take Profit: 149.178 Why we like it: There...
Uber Technologies - 30d expiry - We look to Buy at 45.45 (stop at 42.95) Daily signals are bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. The 50 day moving average should provide support at 45.20. Dip buying offers good risk/reward. Our profit...