Foot Locker
Short Term - We look to Sell a break of 37.95 (stop at 42.06)
This stock has recently been in the news headlines. We are trading at overbought extremes. A lower correction is expected. A break of 38.00 is needed to confirm follow through negative momentum. Further downside is expected.
Our profit targets will be 28.32 and 24.00
Resistance:...
Bitcoin
Intraday - We look to Sell at 22789 (stop at 23351)
Short term momentum is bearish. Broken out of the channel formation to the downside. The trend of higher intraday lows has also been broken. Reverse trend line resistance comes in at 22800. We look for a temporary move higher.
Our profit targets will be 21377 and 20977
Resistance: 22000 / 22500...
On H4, with the price is breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise to the buy entry at 0.96260, which is in line with the swing high and 50% fibonacci retracement. If the price break the buy entry, the price may rise to the take profit at 0.97336, which is in line with the swing high. Alternatively,...
GBPJPY
Intraday - We look to Buy at 161.31 (stop at 160.96)
Trading has been mixed and volatile. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 161.26 has been pivotal. We look to buy dips.
Our profit targets will be 162.29 and 162.49
Resistance: 162.50 / 163.00 /...
On the H4, with price almost breaking the descending trend line and there is a positive divergence of price and MACD, if the price can break the buy entry at 99.305, which is in line with the swing high and 61.8% fibonacci retracement, we can expect the price rise to the take profit at 103.220, which is in line with the swing high and 61.8% fibonacci retracement....
On the H4, prices seem to be in a bearish momentum. We're waiting for a pullback sell entry at 1.2116 and looking to take profit at the 78.6% fibonacci retracement and 61.8% projection at 1.1913. Alternatively price could hit tour stop loss at 1.2293 around the 78.6% retracement and the second resistance at 1.2406 where the swing high sits
Please be advised that...
On the H4 chart, price has confirmed a bullish momentum breaking the previous high. We're looking for a pullback buy entry at 133.902 where the 61.8% retracement sits. Take profit at136.666 where the 127.2% fibonacci extension and previous swing high sits. Alternatively if price pulls back, it should hit our stop loss at 132.508 where the 61.8% projection...
On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise to buy entry at 34127 where the pullback resistance is. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 35526 where the swing high...
Ethereum
Intraday - We look to Sell a break of 1816 (stop at 1871)
Short term MACD has turned negative. A break of the recent low at 1817 should result in a further move lower. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 1682 and 1642
Resistance: 1900 / 1950 / 2000
Support: 1850 / 1820 / 1750
...
Cisco Systems
Short Term - We look to Sell at 49.85 (stop at 51.86)
This stock guided a rise in revenue for 2023 and shares jumped higher. We are trading at overbought extremes. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. A lower correction is expected.
Our profit targets will be...
EUR/SEK
Intraday - We look to Buy at 10.5061 (stop at 10.4794)
Preferred trade is to buy on dips. Prices have continued the bullish move higher and resulted in 5 consecutive positive days. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back...
On H4, with the price breaking the descending trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 19.641, which is in line with the 50% fibonacci retracement and swing low to the take profit at 18.881, where the overlap support and 78.6% fibonacci retracement are. Alternatively, the price may rise to the stop...
On H4, the price is moving within the descending trendline and below the ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 1.20291, which is in line with the 50% fibonacci retracement to the take profit at 1.19649, which is in line with the 61.8% fibonacci projection dn 61.8% fibonacci retracement. Alternatively, the price may...
On the H4, price seem to be bullish biased as it fails to break the 61.8% retracement and previous swing low. We're looking for a pullback buy entry at 1.0112 levels to take profit at 100% projection, 61.8% retracement and previous swing high. if price fails to take profit, our stop loss will be at the previous swing low 0.9957
Please be advised that the...
On the H4 chart, prices seem to have pulled back a little but the overall trend is still bearish biased. We're looking for price to pullback and place a sell entry at 135.603 level where the previous swing high, 78.6% projection and 61.8% retracement sits. our take profit will be placed at 131.748 where the 100% projection is and stop loss at 137.469 the previous...
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that the price will rise to buy entry at 4274.25 where the overlap resistance is. Once there is upside confirmation that price has broken the entry structure, we would expect bullish momentum to carry price to take profit at 4418.37 where the pullback resistance, 78.6% fibonacci...
Bitcoin
Intraday - We look to Buy at 22818 (stop at 22348)
Trading within a Corrective Channel formation. Trend line support is located at 22750. We look for a temporary move lower. We look to buy dips.
Our profit targets will be 23987 and 24387
Resistance: 24000 / 24800 / 25200
Support: 23500 / 23000 / 22500
Please be advised that the information...
Target
Short Term - We look to Buy at 171.59 (stop at 159.63)
This stock has recently been in the news headlines. Price action has broken from the previous formation. A weaker opening is expected to challenge bullish resolve. Neckline support is 170.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 170.00,...
