Ethereum - 24h expiry - We look to Sell at 1829 (stop at 1879) We look to trade the current range. Bespoke resistance is located at 1830. 1830 continues to hold back the bulls. The preferred trade is to sell into rallies. Our short-term bias remains negative. Our profit targets will be 1709 and 1689 Resistance: 1810 / 1830 / 1850 Support: 1790 / 1770 /...
Historically equilibrium model works for markets. Bulls spended more time above green line (picture). Market needs to equalize it because volatiliy is high. More time is needed for bears to navigate under green average lines
Enter when price clears 59.53 With daily volume greater than 4.42M Target: 70.00 area Depending on your risk tolerance: 56.05 gets you 3/1 Risk/Reward but it's almost 8% This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. Not due diligence or fundamental analysis was performed while evaluating this trade idea. ...
When price clears: 114.00 With daily volume greater than 158M Target: 139.50 area Depending on your risk tolerance: 105.50 gets you 3/1 Risk/Reward. Resistance: 121 area & 136 area 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...
OKTA - 30d - We look to Buy a break of 88.08 (stop at 80.89) The sequence for trading is higher highs and lows. Daily signals are bullish. A break of the recent high at 87.88 should result in a further move higher. Our outlook is bullish. This stock has seen good sales growth. Our profit targets will be 105.48 and 108.48 Resistance: 82.50 / 86.50 /...
ASX200 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today. The hourly chart...
CME_MINI:NQ1! - Busy week ahead! We've got a busy calendar ahead of us and remember it's first day of the month - May a Lot of US Data! 1. ISM 2. JOLTS 3. ADP 4. FOMC 5. NFP Now that's a busy week and I know for some, they will be stepping back and not trading during a hectic week ahead, but I do feel there will be plenty of opportunities. Now, banking...
EURNZD - 24h expiry Our short-term bias remains negative. The lack of interest is a concern for bulls. Previous resistance is located at 1.7440. We look for a temporary move higher. 50 4-hour EMA is at 1.7420. We look to Sell at 1.7447 (stop at 1.7517) Our profit targets will be 1.7267 and 1.7227 Resistance: 1.7350 / 1.7400 / 1.7440 Support: 1.7305 /...
AUDUSD - 24h expiry There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.6629. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Indecisive price...
Hey, traders! This is an intra-day short idea on EURUSD. Technicals: (read chart) - Double top on pivot area - 62% retracement - Break and retest of internal structure - Intra-day re-target lows Fundamentals: Key Themes - USD: No progress last Tuesday on debt-ceiling negotiations - USD: Market fears > Risk Aversion > USD appreciation - EUR: Lack of catalysts...
United Airlines Holdings - 30d expiry - We look to Sell a break of 40.38 (stop at 43.15) Daily signals are mildly bearish. Trading has been mixed and volatile. 40.43 has been pivotal. The bias is to break to the downside. A break of the recent low at 40.43 should result in a further move lower. The medium term bias is neutral. Our profit targets will be...
CHN50 - 24h expiry - We look to Buy at 12845 (stop at 12755) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous support located at 12830. The hourly chart technicals suggests further downside before the uptrend returns. Indecisive price action has resulted in sideways congestion on the intraday...
GBPAUD - 24h expiry Previous support located at 1.8740. Previous resistance located at 1.8800. Broken out of the triangle formation to the upside. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.8715 (stop at 1.8650) Our profit targets will be 1.8825 and 1.8850 Resistance: 1.8800 / 1.8850 /...
XRP - 24h expiry - We look to Sell a break of 0.4388 (stop at 0.4508) We are trading at overbought extremes. A higher correction is expected. A sequence of daily lower lows and highs has been posted. The bearish engulfing candle on the 4 hour chart is negative for sentiment. The bias is to break to the downside. Previous support located at 0.4100. Our...
EURUSD - 24h expiry Price action continues to be mixed and volatile for 2 days in succession resulting in spikes in both directions. Price action has formed an intraday bullish Bat pattern. Selling posted in Asia. The previous swing low is located at 1.0831. Bespoke support is located at 1.0827. There is scope for mild selling at the open but losses should...
This is trade idea for AUDUSD Day Trade -Buy around 0.66642- 0.66516 (fib golden ratio with high volume + support) according to the confirmation that will occur. -Possible bullish price movement towards the resistance. -Risk Reward 1:3
Ethereum - 24h expiry - We look to Sell at 1876 (stop at 1926) A sequence of daily lower lows and highs has been posted. Previous resistance located at 1880. The previous swing high is located at 1885. 1886 has been pivotal. Preferred trade is to sell into rallies. Our profit targets will be 1756 and 1736 Resistance: 1835 / 1860 / 1880 Support: 1800 /...
Alcoa Corporation - 30d expiry - We look to Sell at 38.98 (stop at 40.98) Daily signals are mildly bearish. Previous support at 39 now becomes resistance. This stock has seen poor sales growth. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. Our profit targets will be 33.98 and 32.98...