BTCUSD could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 27492.78 Why we like it: There is an overlap resistance Stop Loss: 28191.24 Why we like it: There is an overlap resistance Take Profit: 26219.55 Why we like it: There is an overlap support Please be advised that the...
Gold could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 1986.52 Why we like it: There is an overlap resistance just below the 50.0% Fibonacci retracement level Stop Loss: 2002.65 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement...
USOILSPOT 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: 69.325 Why we like it: There is an overlap support Stop Loss: 67.163 Why we like it: There is an overlap support Take Profit: 73.294 Why we like it: There is an overlap resistance Please be advised that the...
Nike - 30d expiry - We look to Buy a break of 109.31 (stop at 105.31) The primary trend remains bullish. This is currently an actively traded stock. The stock is expected to outperform in its sector. We are trading at oversold extremes. Prices have reacted from 102.90. The bias is to break to the upside. Our profit targets will be 119.31 and 121.31...
EURAUD - 24h expiry - We look to Sell at 1.6090 (stop at 1.6140) Current prices have reacted from a low of 1.5978, however, we expect further losses to follow. Previous resistance located at 1.6050. There is no clear indication that the downward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current...
Litecoin - 24h expiry - We look to Buy a break of 91.11 (stop at 89.11) The bullish engulfing candle on the 4-hour chart the positive for sentiment. Expect trading to remain mixed and volatile. The bias is to break to the upside. A break of yesterdays high would confirm bullish momentum. Daily signals are mildly bullish. Our profit targets will be 96.11...
EURGBP could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 0.86309 Why we like it: There is an overlap resistance just below the 23.6% Fibonacci retracement level Stop Loss: 0.86695 Why we like it: There is an overlap resistance Take Profit: 0.85769 Why we like it: There is an...
DXY 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: 103.855 Why we like it: There is an overlap support that aligns just above the 61.8% Fibonacci retracement level Stop Loss: 103.369 Why we like it: There is an overlap support that aligns just above the 38.2%...
CADJPY could approach a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 104.201 Why we like it: There is an overlap support Stop Loss: 103.555 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement level Take Profit: 104.869 Why we like it: There is...
AUDJPY could approach a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 92.681 Why we like it: There is an overlap support just below the 23.6% Fibonacci retracement level Stop Loss: 92.303 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement...
HS50 - 24h expiry - We look to Sell at 19469 (stop at 19619) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. The 200 day moving average should provide resistance at 19458. This is negative for short term sentiment and we look to set shorts at good risk/reward levels...
HP Inc - 30d expiry - We look to Buy at 28.36 (stop at 27.16) Price action has formed a bullish ascending triangle formation. The sequence for trading is higher highs and lows. Trend line support is located at 28.30. Previous resistance at 28.50 now becomes support. A lower correction is expected. We look to buy dips. Our profit targets will be 31.36 and...
DAX40 could break out of an overlap support to climb higher. Wait for a confirmation signal for price to pull back towards the buy entry before momentum could carry price up to our take profit target. Entry: 16085.02 Why we like it: There is an overlap resistance Stop Loss: 15914.07 Why we like it: There is an overlap support that sits below the 38.2% Fibonacci...
USDCAD formed a recent swing-low and has reversed from here. We could see momentum carry price up to our take profit target. Entry: 1.33898 Why we like it: There is a recent swing-low support Stop Loss: 1.33230 Why we like it: There is an overlap support that sits below the 127.2% Fibonacci extension level Take Profit: 1.34615 Why we like it: There is an...
USDCHF could approach a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.90352 Why we like it: There is an overlap support just above the 38.2% Fibonacci retracement level Stop Loss: 0.89829 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement...
GBPUSD could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 1.24585 Why we like it: There is an overlap resistance Stop Loss: 1.25465 Why we like it: There is an overlap resistance that sits above the 61.8% Fibonacci retracement level Take Profit: 1.23495 Why we like it: There is...
Gold (XAUUSD) could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 1980.57 Why we like it: There is an overlap resistance Stop Loss: 2003.91 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level Take Profit: 1953.51 Why we like...
NZDUSD could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 0.61118 Why we like it: There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 0.61851 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci...