DAY TRADE - EXPIRES AT 9PM Trade Idea Broken out of the wedge formation to the upside. The medium term bias remains bullish. Bespoke support is located at 12226. Positive overnight flows lead to an expectation of a firm open this morning. Further upside is expected although we prefer to set longs at our bespoke support levels at 12300, resulting in improved...
Weekly chart Correction to above 61.8% Fibonacci retracement Formed shooting star candle Positive week presents selling opportunity Daily chart Impulsive move higher to 13880 Common corrective sequence ABC Sell into rally near 12250-12500 Stop at 14000 Target 1: 8000 Target 2: 7232
BITSTAMP:BTCUSD COINBASE:BTCUSD Trade Idea Bitcoin - Intraday - We look to Sell at 10800 (stop at 11200) The previous days bearish outside candle has led to further selling. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. The reaction higher is positive, however, we view this as an opportunity...
Trade Idea Continued downward momentum from 1.6231 resulted in the pair posting net daily losses yesterday. Selling posted in Asia. Previous support located at 1.6025. Levels close to the 50% pullback level of 1.6327 found sellers. A bearish Head and Shoulders is forming. Trend line support is located at 1.6017. The formation has a measured move target of...
Day Trade - Expires at 9pm today Trade Idea The medium term bias remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Bespoke resistance is located at 1.7946. Prices are extending lower from the bearish flag/pennant formation. Further downside is expected and we prefer to set...
DAY TRADE - Expires at 9pm Trade Idea A bearish Head and Shoulders has formed. A break of the neckline is required to confirm the formation. The measured move target is 1.6300. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6800,...
DAY TRADE - Expires at 9pm today Trade Idea The medium term bias remains bullish. Trading within a Corrective Channel formation. Bespoke resistance is located at 5.7849. Intraday signals are mixed. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. We look to Sell at 5.7850 Stop: 5.8550 Target 1: 5.6320 Target 2: 5.5465
FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD SAXO:GBPUSD GBPUSD- Intraday - We look to Buy at 1.2490 (stop at 1.2450) Bespoke resistance is located at 1.2574. In line with resistance, selling has been posted from 1.2572. A 5 wave bullish count has been completed at 1.2572. Expect trading to remain mixed and volatile. The medium term bias remains bullish....
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD SAXO:EURUSD EURUSD - Intraday - We look to Buy at 1.1228 (stop at 1.1198) A 5 wave bearish count has been completed at 1286. Expect trading to remain mixed and volatile. Bespoke support is located at 1.1228. We have a 61.8% Fibonacci pullback level of 1.1288 from 1.1193 to 1.1286. Ichimoku cloud support comes in at...
OANDA:SPX500USD US500 - Intraday - We look to Sell at 3020 (stop at 3030) Our profit targets will be 2910 and 2900 Resistance: 3022 / 3040 / 3050 Support: 2970 / 2910 / 2900 Weekly – Close to an exhaustion count (trend line resistance at 3032) Daily chart – Overbought Intraday chart – Ending wedge. 261.8% lines up with the trend of higher highs. A break...
OANDA:XCUUSD Trade Ideas Copper (spot) - Intraday - We look to Buy at 2.6650 (stop at 2.6450) Although an initial dip was posted, buyers emerged and follow through bullish momentum resulted in all the previous day's losses being overturned. Trading inside the Daily Ichimoku Cloud. Price action has posted a bullish Engulfing Candle and is positive for...
FX:USOIL Trade Ideas Oil (spot) - Intraday - We look to Buy at 59.25 (stop at 58.75) Previous resistance level of 60.30 broken. The previous day's bullish engulfing candle led to further buying yesterday. This is positive for sentiment and the uptrend has potential to return. This is positive for short term sentiment and we look to set longs at good...
TVC:GOLD OANDA:XAUUSD FX_IDC:XAUUSD Trade Ideas Gold - Intraday - We look to Buy at 1410 (stop at 1400) The medium term bias remains bullish. Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher. Price action continued to range between key support & resistance (1385 - 1440) and we expect this to...
TVC:SILVER OANDA:XAGUSD FX_IDC:XAGUSD Trade idea Silver - Intraday - We look to Buy at 15.10 (stop at 15.00) Prices have continued the bullish move higher and resulted in 3 consecutive positive days. Levels close to the 50% pullback level of 14.92 found buyers. Previous resistance level of 15.15 broken. Little net movement overnight. This is positive...
FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9886 (stop at 0.9916) Continued downward momentum from 0.9851 resulted in the pair posting net daily losses yesterday. Selling posted in Asia. Intraday, and we are between bespoke support and resistance 0.9854-0.9886. The selloff is close to an exhaustion count on...
OANDA:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD SAXO:GBPUSD GBPUSD - Intraday - We look to Buy at 1.2490 (stop at 1.2450) A 5 wave bearish count has been completed at 1.2439. Buying posted in Asia. Bespoke resistance is located at 1.2575. The 261.8% Fibonacci extension is located at 1.2539 from 1.2439 to 1.2477. Risk/reward is ample to call a buy trade. Bespoke...
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD SAXO:EURUSD EURUSD - Intraday - We look to Buy at 1.1230 (stop at 1.1200) A 5 wave bearish count has been completed at 1.1193. Selling posted in Asia. The rally has posted an exhaustion count on the intraday chart. The medium term bias remains bullish. Trading between support at 101230 and resistance at 1.1300. We...
FX:US30 OANDA:US30USD DJ:DJI Trade Idea DOW30 - Intraday - We look to Buy at 26775 (stop at 26700) Prices have continued the bearish move lower and resulted in 4 consecutive negative days. Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher. The overnight dip has been bought into and there is scope for...