EURAUD - 24h expiry Trading within a Corrective Channel formation. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. A move through 1.6450 will confirm the bearish momentum. The measured move target is 1.6300. We look to Sell a break of 1.6445 (stop at 1.6495) Our profit targets will be 1.6325 and 1.6295...
NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90) Broken out of the channel formation to the downside. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 86.75 will confirm the bearish momentum. Our profit targets will be 86.50 and 86.25 Resistance: 87.00...
Salesforce - 30d expiry - We look to Buy at 216.11 (stop at 206.11) The primary trend remains bullish. Broken out of the triangle formation to the upside. Previous resistance at 216 now becomes support. We look to buy dips. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. This...
Ethereum - 24h expiry - We look to Buy at 1845 (stop at 1805) We look to trade the current range. Price action continued to range between key support & resistance (1840 - 1920) and we expect this to continue. Bespoke support is located at 1840. We look to buy dips. Expect trading to remain mixed and volatile. Our profit targets will be 1945 and 1965...
Though I already took this position last week, I forgot to share it with all of you here. But don't worry, the play is still active. What we had as a signal on the Alamos Gold or AGI ticker, is a play I adore to follow up with. We have a bounce out of previous high, which is sitting at 38.2% Fib level and it is currently breaking above the 50MA on the daily time...
My eyes are glued to Baidu stock, ticker BIDU, as it is forming a perfect trade/invest opportunity for me. Pattern I love the most, Inverse Head and Shoulders on the Weekly time frame. Things to consider: 1. My first entry point would be right above the 200MA on the Weekly time frame, though the pattern would not be finished on that price level sitting at...
GBPJPY - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. Previous support located at 179.92. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a...
Price reached 0.59000 significant zone and it is possible to see bullish reaction now. We can also see stoch. RSI is below 0 which indicates bullish pressure. Price also formed new significant zone at 0.59500.
AUDJPY - 24h expiry Trading within a Corrective Channel formation. We look for price action to stay within the channel formation today. Risk/Reward would be poor to call a buy from current levels. A move through 95.50 will confirm the bullish momentum. Short term RSI has turned positive. We look to Buy at 94.70 (stop at 94.25) Our profit targets will be...
By the end of the last week price formed strong bullish pressure. Price reached 1.2400 resistance zone. I will wait for the price to react to it. Its possible to see retest of 1.27800. Potential strong resistance at 1.30000 Potential bullish reaction to 1.27000
When price clears: 146.40 With daily volume greater than average. Target: 176.00 area Depending on your risk tolerance: 136.53 gets you 3/1 Risk/Reward. This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
AUDUSD - 24h expiry We are trading at oversold extremes. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected...
Palladium - 24h expiry We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. The current move lower is expected to continue. Trading within a Bearish Channel formation. Trend line resistance is located at 1248. The sequence for trading is lower lows and highs. We look to Sell at 1249.4 (stop at...
Colgate has broken resistance. looks good to trade.
DCB Bank can make a breakout soon. Good candidate to keep on watchlist.
Bitcoin - 24h expiry - We look to Buy a break of 31404 (stop at 30604) Price action has posted a Doji candle and is neutral for short-term sentiment. Prices have reacted from 29456. Price action continues within the short-term bullish trend channel. 31420 has been pivotal. A break of the recent high at 31420 should result in a further move higher. There is...
Price is testing support zone 1.32050 and stoch. RSI is below 0. I expect bearish reaction to 1.32500 zone.
EURUSD - 24h expiry Prices stalled near resistance and reversed lower. Trend line resistance is located at 1.0920. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Momentum is flat, highlighting the lack of clear direction. We look to Sell at 1.0919 (stop at 1.0949) Our profit targets will be 1.0844 and 1.0834...