Bitcoin - 24h expiry - We look to Buy at 25555 (stop at 25155)
Short term bias has turned negative.
Short term momentum is bearish.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look for a temporary move lower.
Support is located at 25500 and should stem dips to this area.
Our profit targets will be...
HS50 - Intraday - We look to Buy at 17460 (stop at 17260)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Previous support located at 17462.
Preferred trade is to buy on dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our...
SP500 could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 4323.14
Why we like it:
There is a pullback support level
Stop Loss: 4290.00
Why we like it:
There is a level beyond the 127.2% Fibonacci extension level
Take Profit: 4374.02
Why we like it:
There is a pullback resistance that...
EURJPY could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 158.500
Why we like it:
There is a pullback resistance level
Stop Loss: 159.000
Why we like it:
There is a level that aligns beyond the 127.2% Fibonacci extension level
Take Profit: 157.184
Why we like it:
There is a swing-low...
USDCAD is rising towards a swing-high resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.35046
Why we like it:
There is a swing-high resistance level
Stop Loss: 1.35498
Why we like it:
There is a pullback resistance that aligns beyond the 50.0% Fibonacci retracement level
Take Profit: 1.34234
Why we like...
USOUSD could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 89.223
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 88.005
Why we like it:
There is a pullback support level
Take Profit: 91.762
Why we like it:
There is a...
HP Inc - 30d expiry - We look to Buy a break of 28.02 (stop at 26.98)
We have a Gap open at 30/8/2023 from 31.37 to 29.02.
With signals for sentiment at oversold extremes, the dip could not be extended.
Price action looks to be forming a bottom.
In our opinion this stock is undervalued.
The bias is to break to the upside.
Our profit targets will be 30.52...
Bitcoin - 24h expiry - We look to Buy a break of 26851 (stop at 26251)
26849 has been pivotal.
A break of 26849 is needed to confirm follow through bullish momentum.
Our short term bias remains positive.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The bias is to break to the upside.
Our profit...
GBPCAD is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.65896
Why we like it:
There is a pullback resistance level
Stop Loss: 1.66862
Why we like it:
There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level
Take Profit: 1.64750
Why we like...
Gold (XAUUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1930.73
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 1947.52
Why we like it:
There is a swing-high resistance level
Take Profit: 1903.16
Why we like...
The Kiwi (NZDUSD) is trading close to an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59444
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.60034
Why we like it:
There is a multi-swing-high resistance
Take Profit: 0.58590
Why...
EURUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.06760
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 1.07367
Why we like it:
There is a swing-high resistance level
Take Profit: 1.06028
Why we like...
Ford - 30d expiry - We look to Buy at 11.71 (stop at 11.11)
Trend line support is located at 11.60.
Preferred trade is to buy on dips.
The sequence for trading is higher highs and lows.
11.58 has been pivotal.
We look for a temporary move lower.
In our opinion this stock is undervalued.
Our profit targets will be 13.21 and 13.61
Resistance: 12.35 /...
Litecoin - 24h expiry - We look to Sell a break of 62.38 (stop at 64.38)
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
A higher correction is expected.
Short term momentum is bearish.
The bias is to break...
CHN50 - 24h expiry
Selling posted in Asia.
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.
The current move lower is expected to continue.
Previous support located at 12279.
Although the anticipated move higher is corrective, it does offer ample...
Silver (XAGUSD) could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 22.978
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 22.427
Why we like it:
There is a swing-low support
Take Profit:23.908
Why we like it:
There is a...
CADJPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 109.838
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 109.388
Why we like it:
There is a pullback support level
Take Profit: 110.441
Why we like it:
There...
AUDUSD is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.64019
Why we like it:
There is an overlap support that aligns close to the 127.2% Fibonacci extension level
Stop Loss: 0.63643
Why we like it:
There is a pullback support level that aligns with the 161.8% Fibonacci...
