GBPUSD is bouncing nicely above our buying entry, we remain bullish for a further rise. Buy above 1.3923. Stop loss at 1.3864. Take profit at 1.4068. Reason for the trading strategy (technically): Price has tested our buying entry and bounced nicely off it showing there are clearly some buyers at that level. We remain bullish looking to buy above major support...
EURJPY is in a bearish channel and our goal is to sell on strength to rise the momentum down. Sell below 130.59. Stop loss at 131.02. Take profit at 129.46. Reason for the trading strategy (technically): Price is seeing major resistance at 130.59 (Fibonacci retracement, horizontal overlap resistance, bearish channel) and we expect price to drop from here...
AUDJPY has reached our profit target and is poised for a bounce. Buy above 81.47. Stop loss at 80.75. Take profit at 83.31. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above 81.47 support (Fibonacci extension, major horizontal swing low support) for a bounce...
Bitcoin dropped perfectly before bouncing up and reacting off our resistance once again. Sell below 8417. Stop loss at 8870. Take profit at 7608. Reason for the trading strategy (fundamentally): The cryptocurrency world has been hit hard once again with South Korean prosecutors raiding three cryptocurrency exchanges this week over suspicions that staff...
GBPUSD is hovering around our buying entry level presenting us with a good opportunity to buy. Buy above 1.3923. Stop loss at 1.3864. Take profit at 1.4068. Reason for the trading strategy (technically): Price continues to test our buying entry perfectly. We look to buy above major support at 1.3923 (Fibonacci retracement, horizontal overlap support, bullish...
EURJPY is presenting us with a nice opportunity to go long on. Buy above 130.62. Stop loss at 129.75. Take profit at 132.35. Reason for the trading strategy (technically): Price is testing strong support at 130.62 (Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to push prices up to 132.35 resistance (Fibonacci...
AUDUSD is lining up a nice buying opportunity for us, prepare to go long. Buy above 0.7775. Stop loss at 0.7732. Take profit at 0.7838. Reason for the trading strategy (technically): Price is approaching major support at 0.7775 (Fibonacci retracement, horizontal overlap support, pullback support) and a strong bounce could occur at this level to push prices up...
Bitcoin looks poised to drop even further after breaking major resistance. Sell below 8463. Stop loss at 8870. Take profit at 7608. Reason for the trading strategy (fundamentally): The biggest news to hit cryptocurrency hard is google announcing that they will be banning ICO and Crypto ads starting in June. This has hit bitcoin hard and the confidence of many...
GBPUSD has made a nice pullback to our buying entry presenting us a good opportunity to go long again. Buy above 1.3923. Stop loss at 1.3864. Take profit at 1.4068. Reason for the trading strategy (technically): Price has made a pullback to our buying entry and bounced off it nicely confirming that it is a strong area of interest. We look to buy above major...
USDCHF is seeing some nice support and a nice bounce could occur from here. Buy above 0.9421. Stop loss at 0.9335. Take profit at 0.9536. Reason for the trading strategy (technically): Price is testing strong support at 0.9421 (ascending support, Fibonacci retracement, horizontal overlap support) and a strong bounce could occur from here to push price up to...
AUDJPY has broke our intermediate support but still has to break a big support level to open a bearish move. Sell below 83.30. Stop loss at 84.06. Take profit at 81.58. Reason for the trading strategy (technically): Price has made a bearish exit of our ascending support-turned-resistance line and still has one major resistance to break to open a big bearish...
Bitcoin has made a bullish exit of our triangle formation, lining up nicely for a strong rally. Buy above 8838. Stop loss at 8380. Take profit at 9868. Reason for the trading strategy (fundamentally): The big upcoming news event today is the “Examining Cryptocurrencies and ICO Markets” held by a subcommittee of the U.S. House of Representatives Financial...
GBPUSD has broken major resistance and is lining up perfectly for a strong rally. Buy above 1.3923. Stop loss at 1.3864. Take profit at 1.4068. Reason for the trading strategy (technically): Price has broken major descending resistance-turned-support line and looks poised to rally from here. We look to buy above major support at 1.3923 (Fibonacci retracement,...
USDJPY has shifted momentum strongly towards being bullish and we’re at a good level to enter a long trade. Buy above 106.35. Stop loss at 105.40. Take profit at 108.45. Reason for the trading strategy (technically): Price has made a bullish exit of our long term descending resistance-turned-support line meaning our momentum is shifting from bearish to bullish....
AUDUSD has made a bullish exit and is hovering over a strong support area, great opportunity to go long. Buy above 0.7837. Stop loss at 0.7776. Take profit at 0.7983. Reason for the trading strategy (technically): Price is hovering nicely above major support at 0.7837 (Fibonacci retracement, horizontal pullback support, ichimoku cloud, ascending support) and a...
Bitcoin has made a bullish exit of our triangle formation, lining up nicely for a strong rally. Buy above 8838. Stop loss at 8380. Take profit at 9868. Reason for the trading strategy (fundamentally): The big upcoming news event today is the “Examining Cryptocurrencies and ICO Markets” held by a subcommittee of the U.S. House of Representatives Financial...
GBPUSD has broken major resistance and is lining up perfectly for a strong rally. Buy above 1.3923. Stop loss at 1.3864. Take profit at 1.4068. Reason for the trading strategy (technically): Price has broken major descending resistance-turned-support line and looks poised to rally from here. We look to buy above major support at 1.3923 (Fibonacci retracement,...
USDJPY has shifted momentum strongly towards being bullish and we’re at a good level to enter a long trade. Buy above 106.35. Stop loss at 105.40. Take profit at 108.45. Reason for the trading strategy (technically): Price has made a bullish exit of our long term descending resistance-turned-support line meaning our momentum is shifting from bearish to bullish....