Litecoin - Intraday - We look to Sell at 66.84 (stop at 69.34)
Trading within a Corrective Channel formation.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
Trend line resistance is located at...
CHN50 - 24h expiry - We look to Buy at 12555 (stop at 12435)
Price action looks to be forming a bottom.
Previous resistance at 12530 now becomes support.
12531 has been pivotal.
Support is located at 12530 and should stem dips to this area.
Buying posted in Asia.
Our profit targets will be 12855 and 12935
Resistance: 12700 / 12850 / 13000
Support: 12600...
AUDJPY is falling towards a pullback support level and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 93.305
Why we like it:
There is a pullback support
Stop Loss: 92.899
Why we like it:
There is a pullback support that aligns close to the 78.6% Fibonacci retracement level
Take Profit: 94.139
Why we like it:
There is...
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 81.826
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 83.778
Why we like it:
There is a pullback resistance that sits above the 78.6% Fibonacci...
USDCHF has hit the buy entry which is a pullback support level and momentum could carry price higher toward our take profit target.
Entry: 0.88275
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 0.88141
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci...
The Kiwi (NZD/USD) is falling towards a potential breakout level. Price could drop lower towards our take profit target. Wait for breakout confirmation prior to entering the position
Entry: 0.59030
Why we like it:
There is a potential breakout level
Stop Loss: 0.59581
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement...
NIO - 30d expiry - We look to Sell a break of 10.48 (stop at 11.28)
Prices have reacted from 16.18.
Short term momentum is bearish.
There is no clear indication that the downward move is coming to an end.
A break of the recent low at 10.50 should result in a further move lower.
In our opinion this stock is overvalued.
We look for losses to be extended...
Litecoin - 24h expiry - We look to Sell at 66.46 (stop at 68.96)
Trading within a Corrective Channel formation.
Price action remained contained in a narrow range yesterday.
Trend line resistance is located at 66.50.
Prices expected to stall near trend line resistance.
We look for a temporary move higher.
Our profit targets will be 60.46 and 58.46...
GBPJPY could fall towards an overlap support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 183.222
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 181.765
Why we like it:
There is a pullback support that aligns with the 78.6% Fibonacci retracement...
EURJPY is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 156.960
Why we like it:
There is an overlap support
Stop Loss: 155.847
Why we like it:
There is an overlap support that sits under the 78.6% Fibonacci projection level
Take Profit: 159.134
Why we like it:
There is an...
Gold (XAUUSD) has reversed around the 38.2% Fibonacci retracement level and is now falling towards a potential breakout level. Price could drop lower towards our take profit target.
Entry: 1910.14
Why we like it:
There is a potential breakout level
Stop Loss: 1932.43
Why we like it:
There is an overlap resistance that sits aobve the 50.0% Fibonacci retracement...
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 801.693
Why we like it:
There is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 38.2% retracement and t he 100.0% projection levels
Stop Loss: 81.973
Why we like it:
There is an overlap...
Bitcoin - 24h expiry - We look to Buy at 26070 (stop at 25470)
Yesterday's price action saw prices initially spike then move lower to form the range for the day.
A move higher has resulted in prices breaking from the previous range and confirmed our bullish expectation.
Previous resistance at 26200 now becomes support.
We look to buy dips.
The bullish...
Lockheed Martin Corporation - 30d expiry - We look to Buy at 448.25 (stop at 438.25)
Prices have reacted from 442.30.
Support is located at 447 and should stem dips to this area.
443 continues to hold back the bears.
The primary trend remains bullish.
This stock has seen good sales growth.
Price action was confined to a narrow range highlighting the lack of...
CHN50 - 24h expiry - We look to Sell at 12495 (stop at 12595)
Selling pressure from 12536 resulted in all the initial daily gains being overturned.
A Doji style candle has been posted from the high. Our short term bias remains negative.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction...
EURGBP is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.85552
Why we like it:
There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 0.85861
Why we like it:
There is an overlap resistance that sits above the 50.0% Fibonacci...
DAX40 has hit the buy entry for a potential bullish breakout. Momentum could carry price higher towards our take profit target. Wait for breakout confirmation prior to entering the trade.
Entry: 15797.95
Why we like it:
There is a potential bullish breakout
Stop Loss: 15705.25
Why we like it:
There is a pullback support
Take Profit: 16002.65
Why we like...
USDCHF is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.87588
Why we like it:
There is an overlap support
Stop Loss: 0.87102
Why we like it:
There is a pullback support
Take Profit: 0.88275
Why we like it:
There is a pullback resistance
Please be advised that the information...
