Bitcoin has dropped from our selling area nicely and sees a lot of bearish momentum. Sell below 8758. Stop loss at 9211. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news event surrounding Bitcoin is Edward Snowden making an announcement that the big structural flaw that is has, the long-lasting flaw, is its public ledger. The...
NZDUSD dropped perfectly from our selling area, we tighten our stop loss to protect our position. Sell below 0.7249. Stop loss at 0.7268. Take profit at 0.7154. Reason for the trading strategy (technically): Price has reversed perfectly from our selling entry and is working its way towards our profit target. We tighten our stop loss to 0.7268 to protect our...
USDCAD has broken our ascending support line triggering a bearish move from here. Sell below 1.2974. Stop loss at 1.3052. Take profit at 1.2731. Reason for the trading strategy (technically): Price has broken our ascending support line triggering a bearish exit. We look to sell below major resistance at 1.2974 (Fibonacci retracement, pullback resistance) for a...
AUDUSD is dropping nicely to Fibonacci fractal support, prepare for a big bounce from here. Buy above 0.7639. Stop loss at 0.7577. Take profit at 0.7779. Reason for the trading strategy (technically): Price is approaching our major support at 0.7639 (78.6% Fibonacci retracement, 100% Fibonacci extension, 61.8% Fibonacci extension) and a strong bounce could...
USDJPY is now testing major swing low support and could see a nice bounce from here. Buy above 105.56. Stop loss at 104.84. Take profit at 107.88. Reason for the trading strategy (technically): Price is seeing strong support above 105.56 (Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices up to next...
Bitcoin continues to test our resistance level. We remain bearish on this idea. Sell below 8945. Stop loss at 9511. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is Social Media Giant “Snap” confirming that it has banned ads for initial coin offerings (ICOs). This has caused cryptocurrency as a...
NZDUSD has made a pullback to strong resistance presenting us with a good opportunity to short it. Sell below 0.7249. Stop loss at 0.7289. Take profit at 0.7154. Reason for the trading strategy (technically): Price has risen since yesterday and is now testing major resistance at 0.7249 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance)...
GBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci...
GBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci...
Bitcoin is right on major resistance presenting us a good opportunity to enter into this sell trade. Sell below 8945. Stop loss at 9511. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news event surrounding cryptocurrency is that the world’s economic leaders have set a July deadline for the first step towards unified regulation of...
USDJPY is reversing nicely and looks set for a nice rally. Buy above 106.35. Stop loss at 105.40. Take profit at 108.45. Reason for the trading strategy (technically): Price has risen above our strong overlap support at 106.35 (horizontal overlap support, Fibonacci retracement) and looks poised to make a rally from here towards 108.45 resistance (Fibonacci...
NZDUSD has broken out of our major support, now is a good time to sell. Sell below 0.7188. Stop loss at 0.7249. Take profit at 0.7032. Reason for the trading strategy (technically): Price has made a bearish breakout of our major support level at 0.7188 (Fibonacci retracement, horizontal overlap support) and is poised to drop further from here towards our profit...
AUDNZD is testing major resistance and presents us with a good opportunity to sell. Sell below 1.0711. Stop loss at 1.0734. Take profit at 1.0656. Reason for the trading strategy (technically): Price is testing major resistance at 1.0711 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level...
B itcoin is reacting nicely off our selling area. We remain bearish waiting for the drop. Sell below 8590. Stop loss at 8893. Take profit at 7837. Reason for the trading strategy (fundamentally): The big news event surrounding cryptocurrency is Donald Trump signing an executive over to impose new sanctions against Venezuela for its controversial “petro”...
EURUSD is reversing nicely below strong resistance, good opportunity to start selling. Sell below 1.2354. Stop loss at 1.2385. Take profit at 1.2295. Reason for the trading strategy (technically): Price is testing major resistance at 1.2354 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this...
CADJPY is starting to show signs of a major reversal, time to start buying. Buy above 80.58. Stop loss at 79.60. Take profit at 83.46. Reason for the trading strategy (technically): Price is seeing major support above 80.58 (Fibonacci extension, major 2 year swing low, Elliott wave structure, bullish divergence) and a strong bounce could occur at this level to...
AUDUSD touched our buy entry and bounced perfectly, we will remain bullish for a further rise. Buy above 81.47. Stop loss at 80.75. Take profit at 83.31. Reason for the trading strategy (technically): Price touched our buying entry and bounced absolutely perfectly as expected. We remain bullish above 81.47 support (Fibonacci extension, major horizontal swing...
Bitcoin has reached our profit target before bouncing nicely. Prepare for a drop. Sell below 8590. Stop loss at 8893. Take profit at 7837. Reason for the trading strategy (fundamentally): The major news events surrounding cryptocurrency would be Israel’s securities regulator has said that cryptocurrency-related firms may not be listed on the Tel Aviv Stock...