ETHUSD is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1839.05
Why we like it:
There is an overlap support
Stop Loss: 1775.63
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement level
Take Profit: 1927.29
Why we like...
Consol Energy - 30d expiry - We look to Buy at 63.75 (stop at 60.75)
We are trading at overbought extremes.
Previous resistance at 64 now becomes support.
The previous swing low is located at 63.32.
Bespoke support is located at 64.
We look to buy dips.
Expect trading to remain mixed and volatile.
Our profit targets will be 70.75 and 72.75
Resistance:...
NZDUSD - 24h expiry - We look to Buy at 0.6185 (stop at 0.6155)
Price action looks to be forming a bottom.
Price action has stalled at good support levels and currently trades just above here (0.6180).
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6225 will confirm the bullish momentum.
Momentum is flat, highlighting the lack...
Bitcoin - 24h expiry - We look to Sell a break of 28788 (stop at 29288)
Our short term bias remains negative.
Posted a bearish Flag formation.
A break of 29000 is needed to confirm the outlook.
A break of the recent low at 28825 should result in a further move lower.
We are trading at overbought extremes.
We look for losses to be extended today.
Our...
Lockheed Martin Corporation - 30d expiry - We look to Buy at 448.25 (stop at 438.25)
447 continues to hold back the bears. Support is located at 447 and should stem dips to this area. We look to buy dips. The primary trend remains bullish. This stock has seen good sales growth. Expect trading to remain mixed and volatile.
Our profit targets will be 473.25 and...
HS50 - 24h expiry - We look to Sell at 19590 (stop at 19790)
Price action has continued to trend strongly higher and has stalled at the previous resistance near 19597.
A Doji style candle has been posted from the high.
We are trading at overbought extremes.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is...
Ethereum - 24h expiry - We look to Sell at 1888 (stop at 1928)
Reverse trend line resistance comes in at 1895.
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Preferred trade is to sell into rallies.
Daily momentum has stalled and our bias is now neutral.
Our profit targets will be 1788 and 1768
Resistance:...
GBPUSD could rise into a pullback resistance and potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1.29040
Why we like it:
There is a pullback resistance that aligns above the 23.6% Fibonacci retracement level
Stop Loss: 1.29695
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci...
USDJPY is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 140.921
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 139.996
Why we like it:
There is a pullback support that aligns under the 38.2% Fibonacci...
EURGBP is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.85975
Why we like it:
There is a pullback support that aligns with a confluence of Fibonacci levels, namely the 50.0% retracement and 61.8% projection
Stop Loss: 0.85351
Why we like it:
There is a pullback support...
EURJPY is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 155.247
Why we like it:
There is an overlap support that aligns with a confluence of Fibonacci levels, namely the 61.8% retracement and 61.8% projection
Stop Loss: 153.720
Why we like it:
There is a swing-low...
Walmart - 30d expiry - We look to Buy at 154.33 (stop at 150.33)
Price action continues to trade around the all-time highs.
Trading within a Bullish Channel formation.
We look to buy dips.
The primary trend remains bullish.
Trend line support is located at 154.
This stock has seen good sales growth.
Our profit targets will be 164.33 and 166.33...
NZDUSD - 24h expiry - We look to Buy at 0.6160 (stop at 0.6125)
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 0.6225 will confirm the bullish momentum.
Our profit targets will be 0.6235 and 0.6250
Resistance:...
XRP - 24h expiry - We look to Sell a break of 0.6749 (stop at 0.7249)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Broken out of the channel formation to the downside.
We look for losses to be extended today.
Short term MACD has turned negative.
Our profit...
Gold (XAUUSD) could fall towards a pullback support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 1952.70
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1932.25
Why we like it:
There is an overlap support that aligns under the 61.8% Fibonacci...
AUDUSD is trading close to the 61.8% Fibonacci retracement level and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.67157
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement
Stop Loss: 0.66190
Why we like it:
There is an overlap support close to the recent...
Dollar General - 30d expiry - We look to Buy a break of 173.33 (stop at 167.33)
We are trading at oversold extremes.
In our opinion this stock is undervalued.
We have a Gap open at 01/06/2023 from 201 to 179.
The bias is to break to the upside.
173.09 has been pivotal.
A break of the recent high at 173.09 should result in a further move higher.
Our profit...
GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075)
The current move lower is expected to continue.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.8850 will confirm the bearish momentum.
Our profit targets will be 1.8820 and 1.8780
Resistance:...
