Hi Traders! The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some...
NZDUSD - 24h expiry We are trading at oversold extremes. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6010 will confirm the bullish momentum. The measured move target is 0.6035. We look to Buy at 0.5990 (stop at 0.5968) Our profit targets will be 0.6045 and 0.6060 Resistance: 0.6010 /...
AUDUSD - 24h expiry The primary trend remains bearish. The rally has posted a correction count on the daily chart. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 0.6560. We look to Sell at 0.6560 (stop at...
To start the week, this pair continues to consolidate above the 1.08 handle amid mixed market sentiment from last week. On the 15 min timeframe I placed two areas of interest (aoi) with horizontal lines. Should price action reach either of those lines within the next 2 trading sessions, I'll take look to see if there's a low risk trade. Continued talks of...
EURJPY - Intraday Price action looks to be forming a top. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 163.40 level. We look to Buy at 163.40 (stop at 162.30) Our...
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
GBPAUD - 24h expiry Continued upward momentum from 1.9380 resulted in the pair posting net daily gains yesterday. A Fibonacci confluence area is located at 1.9100. Selling spikes offers good risk/reward. Bespoke resistance is located at 1.9537. There is scope for mild buying at the open but gains should be limited. Intraday signals are far from strong. We...
GBPUSD - 24h expiry Previous resistance at 1.2700 now becomes support. Offers ample risk/reward to buy at the market. Daily signals are mildly bullish. Bullish divergence is expected to support prices. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to Buy at 1.2700 (stop at 1.2666) Our profit...
NZDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a sell from current levels. A move through 90.60 will confirm the bearish momentum. The measured...
we are rapidly exiting the accumulation zone, which I see as wave 4 via Elliott Wase analysis. Momentum also grows as well as volume. Follow the ATH testing, if you are not sure take part of the profit. that is 50% + from here If and when this duplicate profit comes, I will put it in something that I hold long run
NZDJPY - 24h expiry The correction higher is assessed as being complete. Price action has continued to trend strongly higher and has stalled at the previous resistance near 91.15. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 90.90 will confirm the bearish momentum. The measured move target is...
XAUUSD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The primary trend remains bullish. We look to buy dips. Previous support located at 2150.56. We look to Buy at 2153.50 (stop at 2141.50) Our profit targets will be 2183.50 and 2189.50 Resistance:...
NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. The correction lower is assessed as being complete. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 0.6170 will...
EURJPY - 24h expiry Short term bias has turned negative. The 200 day moving average should provide resistance at 161.35. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Further downside is expected although we prefer to sell into rallies close to the 161.65 level. We look to Sell at 161.80 (stop at 162.30)...
From a technical point of view, the pair could trigger a technical bounce following a potential ABC Pattern as shown on the chart. Having said that, at the moment the trend is bearish, but as long as the Price Actio remains above the previous low a bullish corrective structure should appear in the short term. Target around 1.10 area. Trade with care Like | Share...
EURCHF - 24h expiry Setbacks should be limited to yesterday's low. Our short term bias remains positive. The bullish engulfing candle on the 4 hour chart the positive for sentiment. The dip was bought into but, the rally has also stalled. We look to buy dips. 50 4hour EMA is at 0.9583. We look to Buy at 0.9583 (stop at 0.9561) Our profit targets will be...
GBPJPY - Intraday The primary trend remains bullish. The selloff has posted a correction count on the daily chart. Buying continued from the 50% pullback level of 188.30. We look to buy dips. Bespoke support is located at 188.70. We look to Buy at 188.70 (stop at 188.20) Our profit targets will be 189.90 and 190.20 Resistance: 189.70 / 190.20 /...
GBPNZD - 24h expiry Price action looks to be forming a top. A bearish Head and Shoulders is forming. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. The 50% Fibonacci retracement is located at 2.0790 from 2.0915 to 2.0666. The hourly chart technicals suggests further upside before the downtrend returns....