On the H4, with prices moving within an descending channel and RSI is showing a descending trendline, we have a bearish bias that price will drop from the sell entry at 1.00818 where the 50% fibonacci retracement is to the take profit at 0.99566, where the swing low and 61.8% fibonacci projection are. Alternatively, the price may rise from sell entry to the stop...
USDJPY
Intraday - We look to Buy at 136.03 (stop at 135.42)
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Further...
On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 1.20566 where the pullback resistance is. Once there is upside confirmation of price breaking entry structure, we would expect bullish momentum to carry price to take profit at 1.21635 where the pullback...
On the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel and moving in an ascending support, we have a bullish bias that price will rise from the 1st resistance at 0.69838 at the overlap resistance in line with the 78.6% fibonacci retracement to the 2nd resistance at 0.70663 at the swing high. Alternatively, price may...
Bitcoin
Intraday - We look to Sell at 22298 (stop at 22811)
Short term bias has turned negative. 50 4hour EMA is at 22075. Bespoke resistance is located at 22000. Preferred trade is to sell into rallies. Daily signals are mildly bearish.
Our profit targets will be 21004 and 20404
Resistance: 21200 / 22000 / 23000
Support: 20500 / 20000 / 19000
Please...
Walmart
Short Term - We look to Sell at 127.66 (stop at 133.76)
This stock has recently been in the news headlines. They issued a profit warning ahead of earnings. Our outlook is bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 128.00 and should cap gains to this area. Preferred trade is to sell into rallies.
Our...
On the H4, with price breaking the descending trend channel, short term ascending support and moving above the ichimoku cloud, we have a bullish bias that price will rise from the 1st support at 0.62177 at the overlap support. If price breaks the intermediary resistance at 0.62707 at the swing high in line with the 61.8% fibonacci retracement and 100% fibonacci...
USDJPY
Intraday - We look to Buy at 135.52 (stop at 134.72)
Bespoke support is located at 135.50. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We expect a reversal in this move. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move...
On the H4, with price moving along the descending channel, we have a bearish bias that price might drop from our sell entry at 0.96608, which is in line with overlap resistance to the take profit at 0.94968, which is in line with the swing low. Alternatively, price may head for stop loss at 0.97476 where the 50% fibonacci retracement is. Take note the price of...
On the H4, with the price breaking the ascending channel, we have a bearish bias that the price may drop from our sell entry at 1.28208, which is in line with swing lows to our take profit at 1.27605, which is in line with the 161.8% fibonacci extension. Alternatively, the price may rise to the stop loss at 1.29472, which is in line with the overlap...
On the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel and moving in an ascending support, we have a bullish bias that price will rise to the buy entry at 0.69885 at the overlap resistance in line with the 78.6% fibonacci retracement. Once there is upside confirmation of price breaking entry structure, we would...
Kinder Morgan
Short Term - We look to Sell at 17.96 (stop at 18.55)
The medium term bias remains bearish. Levels close to the 50% pullback level of 18.00 found sellers. Further downside is expected. Preferred trade is to sell into rallies.
Our profit targets will be 16.55 and 16.00
Resistance: 18.00 / 19.00 / 20.20
Support: 16.50 / 15.80 / 15.00
Please be...
On the H4, with price moving along the descending channel, we have a bearish bias that price might drop from our sell entry at 0.96608, which is in line with 23.6% fibonacci retracement to the take profit at 0.94968, which is in line with our swing low. Alternatively, price may head for sop loss at 0.97380 where the close swing high and 50% fibonacci retracement...
Litecoin
Intraday - We look to Sell at 58.83 (stop at 60.72)
Intraday, and we are between bespoke support and resistance 54.00-59.00. There is scope for mild buying at the open but gains should be limited. Resistance is located at 59.00 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 54.24 and 53.00...
On the H4, with the price breaking the ascending channel , we have a bearish bias that the price may drop from our sell entry at 1.29215, which is in line with 23.6% fibonacci retracement to our take profit at 1.28190, which is in line with the swing lows. Alternatively, the price may rise to the stop loss at 1.29848, which is in line with the close swing high...
USDCAD
Intraday - We look to Buy at 1.2900 (stop at 1.2840)
Previous support located at 1.2900. Previous resistance located at 1.2950. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.2950 will confirm the bullish momentum.
Our profit targets will be 1.3050 and 1.3100
Resistance:...
On the H4, with price breaking out of the descending trend channel, moving in a short term ascending support and moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 0.62081 at the overlap support. If price breaks the intermediary resistance at 0.62707 at the swing high in line with the 61.8% fibonacci retracement and 100%...
On the H4, with price broken out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will rise and drop from our sell entry at 136.716 where the overlap resistance is to the take profit at 134.801 where the swing low support and 61.8% fibonacci retracement are. Alternatively, price could break entry structure and...
