UK100GB - 24h expiry The correction lower is assessed as being complete. Further upside is expected. Short term RSI has turned positive. A move through 7725 will confirm the bullish momentum. The measured move target is 7775. We look to Buy at 7710 (stop at 7670) Our profit targets will be 7810 and 7830 Resistance: 7725 / 7750 / 7775 Support: 7700 / 7685...
SPX500USD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. The primary trend remains bullish. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. We look to buy dips....
SDEX, the native token of SmarDex one of the most promising projects for 2024 literally, my biggest bet, by far already they have Dex and Defi, great ones They will issue a new stable coin in 2024, and Lending platform, this will burn SDEX supply short term target 3.5 cents long term target 50~99 cents
Weekly timeframe shows that this stock is likely to pullback to my level of support highlighted on the chart. I need that level to be tested before deciding on what to do with this stock. If we reach that level, I'll assess market conditions and momentum to determine if it's a low risk entry. There might be a chance of further declines as shown with my second arrow.
RSI is dropping below 70 showing signs of lack of bullish strength. I believe this stock is likely to pullback a bit.
US500 - Intraday Previous support level of 4700 broken. Short term bias has turned negative. We are trading at oversold extremes. We look for a temporary move lower. Preferred trade is to sell into rallies. - We look to Sell at 4700 (stop at 4729) Our profit targets will be 4645 and 4615 Resistance: 4750 / 4820 / 4920 Support: 4610 / 4500 / 4415 Risk...
EURCHF - Intraday Price action continued to range between key support & resistance (0.9255 - 0.9323) and we expect this to continue. The bias is to break to the downside. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.9323. There is no clear indication that the downward move is coming to an end. We look to Sell at 0.9323 (stop...
EURNZD - 24h expiry Daily signals are bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.7520. Expect trading to remain mixed and volatile. We look to Sell at 1.7518 (stop at 1.7578) Our profit...
Taking a look at the 1 hour timeframe, price action with Gold beginning to look quite bearish. Seems like all major assets are selling off today and all the value is getting pushed back into the greenback.
USDJPY - 24h expiry The medium term bias remains bearish. Trading within the Channel formation. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. We look to Sell at 143.25 (stop at 143.85) Our profit targets will be 141.75 and 141.35 Resistance: 143.25...
On the 1hour timeframe we have a bullish breakout. The USD is the strongest and the CHF is the weakest as the NA session begins.
RSI on the 15 min timeframe is now back above 30 suggesting we may see a short-term bottom. With that said, I mapped out a 3.62:1 R2R setup. Important note when taking my trading recommendations is to always move SL to breakeven once in profit by 25 points with the US30 and then apply a trailing SL to the target. This helps manage to manage risk in the event...
Simple double confirmation sell setup. Confirmations Include 1: H&S formation on 15min 2. RSI dropping below 70 on 1hour
First thing to note is that we have a bearish breakout below the ascending trendline on the 1hour timeframe. Additional RSI is suggesting selling pressure with the bearish divergence. == Game Plan == Wait for a pullback as outlined on the chart to enter a sell targeting a 3:1 risk to reward.
Gold - 24h expiry Price action continues to trade around the all-time highs. Trading volume is increasing. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. 20 4hour EMA is at 2068.3. Preferred trade is to buy on dips. There is no clear indication that the upward move is coming to an end. We...
Trade Idea for CADJPY Bias: Very Bullish Overall Score: 9 Commitment of Traders (COT) Bias: 3 Institutional traders are showing a robust bullish sentiment towards CADJPY, indicating a forecast of continued upside. Retail Sentiment: 1 Retail traders appear to be bearish on CADJPY. Given the tendency for retail traders to often be on the losing...
This is just a 1:1 R2R setup, however I believe this setup has greater likelihood of turning profit before getting stopped out.
EURAUD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.6150. Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.6225 will confirm the bullish momentum. We look to Buy at 1.6190 (stop at 1.6154)...