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
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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,...
EURNZD
Intraday - We look to Sell at 1.6079 (stop at 1.6114)
Daily signals are bearish. 50 4hour EMA is at 1.6080. Preferred trade is to sell into rallies.
Our profit targets will be 1.5985 and 1.5965
Resistance: 1.6030 / 1.6070 / 1.6100
Support: 1.6000 / 1.5970 / 1.5930
Please be advised that the information presented on TradingView is provided to...
On the H4, prices seem to be in a slightly bullish momentum. It is currently testing the 38.2% Fibonacci retracement and we're looking at our buy entry at 1.2106. If the bullish momentum continues, it will hit our take profit at 1.2276 around the 61.8% projection. Alternatively it might hit our stop loss at 1.2006 where the previous swing low sits
Please be...
On the H4, with price moving within the descending channel, below ichimoku cloud and the MACD indicators are under zero, we have a bearish bias that the price may drop from our sell entry at 93.508, which is in line with the swing low and 61.8% fibonacci projection to the take profit at 90.692, which is in line with the 78.6% fibonacci projection. Otherwise, the...
On the H4, with DIF is crossing below the signal line and the price is crossing over the ichimoku cloud, we have a bearish bias that the price may drop from the buy entry at 1.28353, which is in line with the 50% fibonacci retracement to the take profit at 1.27667, which is in line with the swing low, 78.6% fibonacci retracement and 61.8% fibonacci projection....
On the H4 chart, prices seem to have pull back a little to our buy entry level at 134.274 where our 61.8% Fibonacci retracement sits. if price continues with bullish momentum, it should hit our take profit at 135.622 where the 61.8% retracement and 78.6% projection sits. Alternatively, it will hit stop loss at 132.508
Please be advised that the information...
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from buy entry at 4274.25 where the overlap support is to the take profit at 4418.37 where the pullback resistance, 78.6% fibonacci retracement and -61.8% fibonacci expansion are. Alternatively, price could break entry structure and drop to stop loss at 4182.69...
Home Depot Inc
Short Term - We look to Buy at 311 (stop at 301)
A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Horizontal support is seen at 310. Further upside is expected although we prefer to set longs at our bespoke support levels at 310, resulting in improved risk/reward.
Our...
Litecoin
Intraday - We look to Buy a break of 61.20 (stop at 59.11)
Trading within the Wedge formation. Trend line support is located at 60.00. Support could prove difficult to breakdown. A clear break of 61.00 and we would look for further gains to 66.00.
Our profit targets will be 65.94 and 68.00
Resistance: 66.00 / 75.00 / 95.00
Support: 60.00 /...
