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 98.418, which is in line with the 23.6% fibonacci retracement to the take profit at 105.207, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at...
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. With the NFP news data released being worse than expected, we are looking for a pullback buy on DJI at 30886.18, where the 38.2% and 61.8% Fibonacci lines are located. We have a relatively safe stop loss set at...
AUDUSD - Intraday - We look to Sell at 0.6400 (stop at 0.6450)
We are trading at oversold extremes. A Doji-style candle has been posted from the base. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. The 200-period moving average should provide resistance at 0.6410. We, therefore, prefer...
VMware - Short Term - We look to Sell at 111.95 (stop at 115.15)
The medium-term bias remains bearish. Trading within the Wedge formation. Prices are extending lower from the bearish flag/pennant formation. We have a Gap open at 111.95 from 02/11/2022 to 03/11/2022. The preferred trade is to sell into rallies.
Our profit targets will be 96.19 and 91.55...
Bitcoin
Intraday - We look to Buy a break of 21016 (stop at 20498)
There is no clear indication that the upward move is coming to an end. Our short term bias remains positive. A break of bespoke resistance at 21000, and the move higher is already underway. 21013 has been pivotal.
Our profit targets will be 22197 and 22597
Resistance: 21000 / 21500 /...
On the H4 chart, the price reached our sell entry at 33077.47, where the 78.6% and 23.6% Fibonacci lines are located. We've set a fairly safe stop loss at 34534.39, just above the previous swing high and the 100% Fibonacci line. The take profit will be set at 30886.18, the intersection of the 38.2% and 61.8% Fibonacci lines.
Please be advised that the information...
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 96.458, which is in line with the 23.6% fibonacci retracement 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...
On H4, with the price breaking the ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 1.36840, which is in line with the overlap support to the take profit at 1.39717, where the previous swing high is. Alternatively, the price may drop to the stop loss at 1.35072, where the swing lows are.
Please be advised that the information...
On H4, with the price moving above the ascending trendlien and ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.00757, which is in line with the previous swing high to the take profit at 1.03277, where the 200% fibonacci projection are. Alternatively, the price may drop to the stop loss at 0.99010, where the 38.2% fibonacci...
On the H4 chart, as the price is breaking the ascending trendline and below ichimoku cloud , we have a bearish bias that the price may drop form the sell entry at 0.63496, which is in line with the 23.6% fibonacci resistance and overlap support to the take profit at 0.61699, where the swing low is. Alternatively, the price may rise to the 1st resistance at...
GER40
Intraday - We look to Sell a break of 13098 (stop at 13171)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. 50 4hour EMA is at 13140. A break of yesterdays low would confirm bearish momentum. A close below the key support at 13100 is expected to lead to further selling pressure. The bearish engulfing...
EURGBP
Intraday - We look to Sell at 0.8685 (stop at 0.8735)
We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. Preferred trade is to sell into rallies. The hourly chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to sell into...
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 96.458, which is in line with the 23.6% fibonacci retracement 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...
On H4, with the price breaking the ichimoku cloud, we have a bullish bias that the price may rise from the sell entry at 1.36840, which is in line with the overlap support to the take profit at 1.38775, where the 78.6% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 1.35072, where the swing lows are.
Please be advised that the...
The price hit our sell entry at 33077.47, where the 78.6% and 23.6% Fibonacci lines are located, on the H4 chart. We've set a relatively safe stop loss at 34534.39, which is just above the previous swing high and the 100% Fibonacci line. The take profit will be set at 30886.18, which is where the 38.2% and 61.8% Fibonacci lines intersect.
Please be advised that...
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 the H4 chart, as the price is breaking the ascending trendline and below ichimoku cloud, we have a bearish bias that the price may drop form the sell entry at 0.63351, which is in line with the 50% fibonacci resistance and overlap support to the take profit at 0.61699, where the swing low is. Alternatively, the price may rise to the 1st resistance at 0.64329,...
FRA40
Intraday - We look to Buy at 6300 (stop at 6230)
Trend line support is located at 6300. Previous resistance located at 6400. Further upside is expected although we prefer to set longs at our bespoke support levels at 6300, resulting in improved risk/reward. A move through 6400 will confirm the bullish momentum.
Our profit targets will be 6475 and...
