1d: we observe the formation of a local upward oof under the upper boundary of the global accumulation. I would like to see a continuation of the order flow with a target of a key high and a return to accumulation higher.
ASX200 - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 8200 will confirm the bearish momentum. We look to Sell at 8240 (stop at 8280) Our...
Correction Silver 📉 The correction in silver started a bit earlier than the expected zone, so I'm clarifying the situation. Buying zone is important at 31.31-32.17 and slightly above the margin with support level. I am still aiming for 35.50 and higher after the end of the pullback. There were no strong culmination volumes at the top, so it is more likely that a...
US500 - 24h expiry Broken out of the wedge to the downside. The formation has a measured move target of 5773. An overnight positive theme in Equities has led to a higher open this morning. Expect trading to remain mixed and volatile. The sequence for trading is lower lows and highs. We look to Sell at 5847 (stop at 5865) Our profit targets will be 5802 and...
XAUUSD - 24h expiry Price action resulted in a new all-time high at 2753. Daily signals for sentiment are at overbought extremes. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 1hour EMA is at 2743. There is no indication that the rally is coming to an end. We look to Buy at...
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.6025 will confirm the bearish momentum. The measured move target is 0.5075. We look to Sell...
NIK225 - 24h expiry Price action looks to be forming a bottom. A Doji style candle has been posted from the base. This is positive for sentiment and the uptrend has potential to return. We look for a temporary move lower. Further upside is expected although we prefer to set longs at our bespoke support levels at 38870, resulting in improved risk/reward. We...
Lululemon stock (LULU) has traded down into the $230's for the first time since the COVID-19 Crash of 2020. I believe that LULU is a stock to keep your eye on, for a few reasons. - The stock is trading at a 20x p/e whereas its historical p/e is in the mid 40's. - Margins for the company have all been steady, and remain an industry leader. - Lululemon is still...
GBPJPY s moving to the upper boundary of the descending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the...
SPX500USD - 24H EXPIRY Price action continues to trade around the all-time highs. Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day. The 261.8% Fibonacci extension is located at 5901 from 5682 to 5766. Due to an Ending Wedge formation, we continue to treat extended gains with caution. Reverse trend line...
USDCHF - Intraday Our short term bias remains positive. The sequence for trading is higher highs and lows. Previous resistance at 0.8635 now becomes support. We look to buy dips. Risk/Reward would be poor to call a buy from current levels. 20 1hour EMA is at 0.8641. We look to Buy at 0.8642 (stop at 0.8614) Our profit targets will be 0.8712 and 0.8727...
EURUSD - 24H EXPIRY Trades at the lowest level in 48 days. Bespoke support is located at 1.0875. We have a 78.6% Fibonacci pullback level of 1.0870 from 1.0778 to 1.1202. Selling posted in Asia. Dip buying offers good risk/reward. The medium term bias is neutral. We look to Buy at 1.0875 (stop at 1.0825) Our profit targets will be 1.1037 and 1.1050...
We are currently at the key 195.000 level on GBP/JPY. Looking at the historical data, there is potential for a double top formation. 100 pips potential profit on this entry
Correction USDJPY 📉 The Japanese yen has reached the local resistance level of 149.40 and after a false breakdown I expect a correction downwards. The correction may go to the 1/2 margin zone 146 or to the strong buyers zone 143-144.50 from which I will also look for a bounce upwards. I believe that the general upward movement is not finished yet and the...
USDCHF - 24h expiry Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look for a temporary move lower. We look to buy at current market price. 20 4hour EMA is at 0.8574. Our profit targets will be 0.8630 and 0.8645 We look to Buy at 0.8575...
EURAUD - 24h expiry The medium term bias remains bullish. Price action looks to be forming a bottom. Preferred trade is to buy on dips. Bespoke support is located at 1.6235. The sequence for trading is higher highs and lows. We look to Buy at 1.6235 (stop at 1.6185) Our profit targets will be 1.6355 and 1.6385 Resistance: 1.6350 / 1.6440 /...
Price looks like it's heading towards Tuesday's Low. We don't have any major news today so I'm not expecting huge movement but, from what price has shown me, it looks like the next draw on liquidity is Tuesday's low. After price entered and respected the Weekly Imbalance, it displaced lower with energy and retraced back to the 4-hour order block that was...
Correction and rebound down EURUSD The euro has pushed down and formed a sellers zone at 1.1045-1.1085 from which I recommend to look for selling on the fall to the margin and option support at 1.0880. Also 1/2 margin zone falls into the sellers' zone and judging by the growing cumulative on the price drop, we will continue to fall after the pullback, so I do...