EURJPY
Intraday - We look to Buy at 145.50 (stop at 144.50)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 147.73. A lower correction is expected. With the Ichimoku cloud support below we expect dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation...
On H4, with the price breaking the descending trendline and above ichomoku cloud, we have a bullish bias that the price may rise from the buy entry at 94.704, which is in line with the overlap support to the take profit at 104.818, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at 89.447, which...
On H4, with the price moving below ichimoku cloud and showing a shoulder head pattern , we have a bearish bias that the price may drop form the sell entry at 1.35518, which is in line with the previous swing low to the take profit at 1.33537 where the 61.8% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 1.37981, which is in line...
The overall bias for DJI on the H4 chart is bullish. In addition, price is above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 31187.32, which contains the 38.2% and 61.8% Fibonacci lines. To add to the confluence, there is a market gap that appears to be fillable. The stop loss will be set at 29891.21, just below the 61.8%...
On H4, with the price moving below ichimoku clolud, and breaking the ascending trendline, we have a bearish bias that the price may drop form the sell entry at 1.00317 which is in line with the 61.8% fibonacci retracement to the take profit at 0.97395, where the 61.8% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 1.01443, which is...
On H4, with the price breaking the descending channel and above ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 0.64079, which is in line with the swing low support to the take profit at 0.65335, where the 38.2% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63027, which is in line with the...
NASDAQ
Intraday - We look to Buy at 11110 (stop at 10810)
The primary trend remains bearish. Price action has posted a bullish Engulfing Candle and is positive for short-term sentiment. A bullish reverse Head and Shoulders is forming. Further upside is expected although we prefer to set longs at our bespoke support levels at 11110, resulting in improved...
Litecoin
Intraday - We look to Buy a break of 57.66 (stop at 56.37)
Posted a potential Double Top formation. The sell-off has stalled. Short term bias has turned positive. A break of yesterdays high would confirm bullish momentum. 57.62 has been pivotal.
Our profit targets will be 60.97 and 61.47
Resistance: 56.00 / 56.80 / 57.60
Support: 54.80 / 53.60 /...
AUDUSD
Intraday - We look to Buy at 0.6350 (stop at 0.6295)
We are trading at oversold extremes. A Doji style candle has been posted from the base. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We...
On H4, with the price moving below ichimoku cloud and showing a shoulder head pattern , we have a bearish bias that the price may drop form the sell entry at 1.36567, which is in line with the 38.2% fibonacci retracement and overlap to the take profit at 1.33537 where the 61.8% fibonacci retracement is. Alternatively, the price may rise to the stop loss at...
On H4, with the price breaking the descending trendline and above ichomoku cloud, we have a bullish bias that the price may rise from the buy entry at 94.704, which is in line with the overlap support to the take profit at 104.818, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at 89.447, which...
On H4, with the price moving below ichimoku clolud, and breaking the ascending trendline, we have a bearish bias that the price may drop form the sell entry at 0.99987 which is in line with the 50% fibonacci retracement to the take profit at 0.97395, where the 61.8% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 1.01443, which is...
On H4, with the price breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.64079, which is in line with the swing low support to the take profit at 0.66741, where the 50% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63027, which is in line with the 50%...
On the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a pullback buy entry at 31187.32 where the 38.2% and 61.8% Fibonacci lines are located. To add confluence to that area, there is a market gap that looks good to be filled. Stop loss will be set at...
Pinterest
Intraday - We look to Sell at 25.99 (stop at 27.91)
We are trading within a Bullish Ascending Triangle formation. Neckline resistance 26.00. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 21.38 and 20.00
Resistance:...
Bitcoin
Intraday - We look to Buy a break of 21012 (stop at 20498)
There is no clear indication that the upward move is coming to an end. A break of yesterdays high would confirm bullish momentum. A break of bespoke resistance at 21000, and the move higher is already underway. Our outlook is bullish. Our bespoke resistance of 20500 has been clearly broken....
EURGBP
Intraday - We look to Buy at 0.8580 (stop at 0.8530)
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.8579. We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further...
On H4, with the price breaking the descending channel and above ichimoku clou, we have a bullish bias that the price may rise from the buy entry at 0.64101, which is in line with the overlap support to the take profit at 0.66741, where the 50% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.63456, which is in line with the 50%...
