Sell below 1259. Stop loss at 1267. Take profit at 1238. Reason for the trading strategy (technically): XAUUSD is testing its resistance at 1259 (61.8% & 23.6% Fibonacci retracement, horizontal swing high resistance) where we expect to see a reversal, causing price to fall to its support at 1238 (horizontal swing low support). Stochastic (55, 5, 3) is approaching...
Buy above 1.3124. Stop loss 1.3018. Take profit at 1.3345. Reason for the trading strategy (technically): USDCAD is testing its support at 1.3124 (61.8% & 23.6% Fibonacci retracement, horizontal overlap support) where we expect price to bounce up to its resistance at 1.3345 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at...
Sell below 6760. Stop loss at 7038. Take profit at 6294. Reason for the trading strategy (technically): BTCUSD reversed nicely off its resistance at 6760 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where we expect price to fall to its support at 6294 (50% Fibonacci retracement, horizontal overlap support). Stochastic...
Sell below 6666. Stop loss at 7014. Take profit at 6160. Reason for the trading strategy (technically): BTCUSD reversed off its resistance at 6666 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect price to fall further to its support at 6160 (61.8% Fibonacci retracement, horizontal overlap support)....
Sell below 0.7551. Stop loss 0.7597. Take profit at 0.7476. Reason for the trading strategy (technically): CADCHF is approaching its resistance at 1.0954 (38.2%, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to react, causing it to reverse and fall to its support at 0.7476 (61.8% & 50% Fibonacci retracement, horizontal...
Buy above 1.3065. Stop loss at 1.2949. Take profit at 1.3262. Reason for the trading strategy (technically): USDCAD is approaching its support at 1.3065 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where a bounce is expected, causing price to rise to its resistance at 1.3262 (61.8% Fibonacci retracement, horizontal pullback...
Sell below 6666. Stop loss at 7014. Take profit at 6160. Reason for the trading strategy (technically): BTCUSD is testing its resistance at 6666 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect price to reverse, causing price to fall to its support at 6160 (61.8% Fibonacci retracement, horizontal overlap...
Sell below 1.7966. Stop loss at 1.8113. Take profit at 1.7732. Reason for the trading strategy (technically): GBPAUD has reversed off its resistance at 1.7966 (78.6%, 61.8%, 50% Fibonacci retracement, multiple swing high resistance) where we expect to see a further drop to its support at 1.7732 (horizontal overlap support). Stochastic (55, 5, 3) has reversed off...
Sell below 1.0954. Stop loss 1.1078. Take profit at 1.0789. Reason for the trading strategy (technically): AUDNZD is approaching its resistance at 1.0954 (100% & 61.8% Fibonacci extension, 78.6% & 61.8% Fibonacci retracement, horizontal swing high resistance) where we expect price to react, causing it to reverse and fall to its support at 1.0789 (61.8% Fibonacci...
Sell below 6416. Stop loss at 6613. Take profit at 6047. Reason for the trading strategy (technically): BTCUSD is testing its resistance at 6416 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to reverse, causing price to fall to its support at 6047 (100% Fibonacci extension, 61.8% Fibonacci retracement,...
Buy above 0.9900. Stop loss at 0.9854. Take profit at 0.9985. Reason for the trading strategy (technically): USDCHF has bounced off its support at 0.9900 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where we expect price to rise to its resistance at 0.9985 (horizontal swing high resistance). Stochastic (55, 5, 3) is...
Sell below 1.1733. Stop loss 1.1660. Take profit at 1.1518. Reason for the trading strategy (technically): EURUSD is approaching its resistance at 1.1733 (100% & 61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal, causing price to fall to its support at 1.1518 (horizontal swing low...
Sell below 6021. Stop loss at 6145. Take profit at 5745. Reason for the trading strategy (fundamentally): The latest news surrounding cryptocurrency involves the Bank of England’s deputy governor for prudential regulation, Sam Woods, warning banks, insurance companies and investment firms to protect themselves against market volatility and potentially risky...
Buy above 0.9737. Stop loss at 0.9698. Take profit at 0.9809. Reason for the trading strategy (technically): AUDCAD is testing major support at 0.9737 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.9809 (Fibonacci retracement, horizontal...
Sell below 0.9987. Stop loss at 1.0020. Take profit at 0.9920. Reason for the trading strategy (technically): USDCHF is testing major resistance at 0.9987 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong reaction could occur from here pushing prices all the way down to major support at 0.9920 (Fibonacci retracement,...
Buy above 1.7803. Stop loss 1.7685. Take profit at 1.8032. Reason for the trading strategy (technically): GBPAUD is in a bullish channel where it is approaching its support at 1.7803 (100% Fibonacci extension, 76.4% Fibonacci retracement, 38.2% Fibonacci retracement, channel support) where a bounce up to its resistance at 1.8032 (61.8% Fibonacci extension) is...
Buy above 6033. Stop loss at 5881. Take profit at 6323. Reason for the trading strategy (technically): BTCUSD bounced nicely off its support at 6033 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where we expect to see price rise further to its resistance at 6323 (50% Fibonacci retracement, horizontal overlap resistance)....
Sell below 0.9987. Stop loss at 1.0031. Take profit at 0.9919. Reason for the trading strategy (technically): USDCHF is approaching its resistance at 0.9987 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance) where we expect to see a reversal, causing price to fall to its support at 0.9919 (50% Fibonacci retracement,...