Tradesetup
Live Trading and Analysis AUDUSDThe AUDUSD has traded below the Daily Structure of 0.7340 after several intraday attempts to stay above this price point.
Another factor that will contribute to this bias is a break below 1DL of 0.7332.
We look to target the next structural point of 0.7289, the strong line 110% of the Fibonacci extension.
Alternatively, a break back above the 0.7348 will invalidate the short setup.
EURUSD Buy the daily pivot.EURUSD - Intraday - We look to Buy at 1.1705 (stop at 1.1688)
Daily pivot is at 1.1704.
Bullish divergence is expected to support prices.
With signals for sentiment at oversold extremes, the dip could not be extended.
A higher correction is expected.
Our profit targets will be 1.1759 and 1.1769
Resistance: 1.1725 / 1.1740 / 1.1750
Support: 1.1700 / 1.1680 / 1.1660
USDCHF Sell the resistance.USDCHF - Intraday - We look to Sell at 0.9227 (stop at 0.9246)
Pivot resistance is at 0.9240.
Bespoke resistance is located at 0.9230.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
With signals for sentiment at overbought extremes, the rally could not be extended.
Our profit targets will be 0.9171 and 0.9161
Resistance: 0.9210 / 0.9230 / 0.9240
Support: 0.9180 / 0.9160 / 0.9140
Ethereum buy a break setup.Ethereum - Intraday - We look to Buy a break of 3202 (stop at 3118)
The previous swing high is located at 3190.
We are trading at overbought extremes.
There is no indication that the rally is coming to an end.
A break of bespoke resistance at 3200, and the move higher is already underway.
Our profit targets will be 3448 and 3498
Resistance: 3200 / 3400 / 3500
Support: 3050 / 2950 / 2800
EURCHF Buy the support.EURCHF - Intraday - We look to Buy at 1.0741 (stop at 1.0725)
Prices have reacted from 1.0713.
Previous resistance, now becomes support at 1.0740.
A bullish reverse Head and Shoulders is forming.
We look for a temporary move lower.
Our profit targets will be 1.0789 and 1.0799
Resistance: 1.0770 / 1.0780 / 1.0800
Support: 1.0750 / 1.0740 / 1.0730
DE30 Sell the top.GER30 - Intraday - We look to Sell at 15798 (stop at 15852)
We are trading at overbought extremes.
Pivot resistance is at 15803.
The previous swing high is located at 15806.
Preferred trade is to sell into rallies.
Our profit targets will be 15642 and 15622
Resistance: 15750 / 15800 / 15815
Support: 15700 / 15650 / 15600
ADA Buy a break setup. Cardano - Intraday - We look to Buy a break of 1.402 (stop at 1.369)
Price action has formed a bullish ascending triangle formation.
Pivot resistance is at 1.400.
A break of bespoke resistance at 1.400, and the move higher is already underway.
We can see no technical reason for a change of trend.
Our profit targets will be 1.498 and 1.528
Resistance: 1.400 / 1.450 / 1.500
Support: 1.350 / 1.300 / 1.250
XRP Sell the breakdown.Ripple - Intraday - We look to Sell a break of 0.6894 (stop at 0.7082)
Trend line support is located at 0.6950.
Short term bias has turned negative.
Short term MACD has turned negative.
A break of 0.6900 is needed to confirm follow through negative momentum.
Our profit targets will be 0.6346 and 0.6246
Resistance: 0.7200 / 0.7400 / 0.7600
Support: 0.7000 / 0.6600 / 0.6300
EURUSD Buy the uptrend.EURUSD - Intraday - We look to Buy at 1.1858 (stop at 1.1839)
Broken out of the wedge formation to the upside.
Short term bias is bullish.
We look to buy dips.
We look for gains to be extended today.
Our profit targets will be 1.1916 and 1.1926
Resistance: 1.1890 / 1.1910 / 1.1930
Support: 1.1870 / 1.1850 / 1.1830
EURCAD short valid 😃👍Entry details are shown on the chart.
Working the 30M time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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Thank you.
Darren.
GER30 Buy the dip.GER30 - Intraday - We look to Buy at 15474 (stop at 15425)
Daily signals are bullish.
Dips continue to attract buyers.
We look to buy dips.
Pivot support is at 15470.
We have a Gap open at Monday from 15543 to 15605.
Our profit targets will be 15618 and 15638
Resistance: 15650 / 15700 / 15730
Support: 15600 / 15550 / 15500