NIK225 - 24h expiry - We look to Buy at 32465 (stop at 32165)
Price action has continued to trend strongly lower and has stalled at the previous support near 32712.
A Doji style candle has been posted from the base.
Price action looks to be forming a bottom.
This is positive for sentiment and the uptrend has potential to return.
Preferred trade is to buy on...
Ethereum - 24h expiry - We look to Buy at 1852 (stop at 1812)
We look to trade the current range.
A bullish reverse Head and Shoulders has formed.
We are trading at overbought extremes.
Expect trading to remain mixed and volatile.
50 4hour EMA is at 1845.
Our profit targets will be 1952 and 1972
Resistance: 1900 / 1930 / 1950
Support: 1880 / 1860 /...
GBPUSD is close to a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1.26949
Why we like it:
There is an overlap support
Stop Loss: 1.26250
Why we like it:
There is an overlap support that sits above the 50.0% Fibonacci projection level
Take Profit: 1.28275
Why we like it:
There is a recent...
ETHUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 1918.27
Why we like it:
There is an overlap resistance at the recent swing-high
Stop Loss: 1946.37
Why we like it:
There is a resistance at the 127.2% Fibonacci extension level
Take Profit: 1863.83
Why we like...
XAUUSD could pull back towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1911.03
Why we like it:
There is an overlap support at the recent swing-low
Stop Loss: 1894.25
Why we like it:
There is an overlap support that aligns with the 78.6% Fibonacci projection level
Take Profit:...
DXY is selling off strongly this morning. Could momentum carry it down towards our take profit target after hitting the sell entry? Wait for breakout confirmation prior to entering the trade.
Entry: 102.705
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 103.036
Why we like it:
There is an overlap...
XRP - 24h expiry - We look to Sell at 0.5229 (stop at 0.5329)
Rallies should be capped by yesterday's high.
Market volatility has remained high as this corrective sequence continues.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The medium term bias is neutral.
Our profit targets will be 0.4979 and 0.4879
Resistance: 0.5000...
Waste Management, Inc - 30d expiry - We look to Buy at 161.11 (stop at 157.11)
The medium term bias is neutral.
Trading has been mixed and volatile.
160 continues to hold back the bears.
Bespoke support is located at 160.
We look to buy dips.
Our profit targets will be 171.11 and 173.11
Resistance: 167.72 / 169.00 / 171.10
Support: 165.00 / 163.30 /...
USDCAD is showing bullish momentum after reversing from the recent swing-low. We could see momentum carry price up to our take profit target. Wait for breakout confirmation prior to entering the trade.
Entry: 1.31882
Why we like it:
There is an overlap resistance
Stop Loss: 1.31388
Why we like it:
There is an overlap support at the recent swing-low
Take Profit:...
USDJPY could pull back towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 142.252
Why we like it:
There is an overlap support that sits below the 23.6% Fibonacci retracement level
Stop Loss: 141.272
Why we like it:
There is an overlap support that sits above the 61.8% Fibonacci...
BTCUSD is close to a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 29613.30
Why we like it:
There is an overlap support that sits above the 23.6% Fibonacci retracement level
Stop Loss: 28318.00
Why we like it:
There is an overlap support that sits below the 38.2% Fibonacci retracement...
NZDUSD is one of the worst-performing currencies today. Could momentum carry it down towards our take profit target after hitting the sell entry? Wait for breakout confirmation prior to entering the trade.
Entry: 0.61476
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 0.61715
Why we like it:
There is...
Litecoin - 24h expiry - We look to Buy at 88.62 (stop at 86.12)
There is no indication that the rally is coming to an end.
Short term momentum is bullish.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look for gains to be extended today.
Our short term bias remains positive.
Our profit targets will be 94.62...
New Fortress Energy Inc - 30d expiry - We look to Buy a break of 31.71 (stop at 28.81)
We are trading at oversold extremes.
Posted a Double Top formation.
A break of the recent high at 31.58 should result in a further move higher.
31.58 has been pivotal.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible....
XCUUSD - 24h expiry - We look to Buy at 3.851 (stop at 3.811)
Our short term bias remains positive.
The sequence for trading is higher highs and lows.
A lower correction is expected.
We look to buy dips.
50 4hour EMA is at 3.846.
Our profit targets will be 3.951 and 3.971
Resistance: 3.900 / 3.914 / 3.930
Support: 3.875 / 3.860 / 3.835
Please be...
Ethereum - 24h expiry - We look to Buy at 1746 (stop at 1706)
Our bespoke resistance of 1750 has been clearly broken.
Previous resistance, now becomes support at 1750.
Short term oscillators have turned positive.
We look to buy dips.
50 4hour EMA is at 1742.
Our profit targets will be 1846 and 1866
Resistance: 1824 / 1840 / 1860
Support: 1795 / 1770 /...
Litecoin - 24h expiry - We look to Buy a break of 79.51 (stop at 77.11)
We are trading at oversold extremes.
A higher correction is expected.
Bullish divergence is expected to support prices.
79.34 has been pivotal.
A break of the recent high at 79.34 should result in a further move higher.
Our profit targets will be 85.51 and 87.51
Resistance: 77.95 /...
American Airlines - 30d expiry - We look to Buy at 15.11 (stop at 14.51)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 15 now becomes support.
A higher correction is expected.
We look to buy dips.
Daily signals are bullish.
Our profit targets will be 16.61 and 16.91
Resistance: 16.40 / 16.72 / 17.00
Support: 16.00 /...
