BTCUSD has been dropping absolutely perfectly as expected. We prepare for a potential corrective bounce. Buy above 7648. Stop loss at 7475. Take profit at 8103. Reason for the trading strategy (fundamentally): Cryptocurrency continues to take the limelight for all the wrong reasons in China as yet another cryptocurrency project has been busted by law enforcements...
GBPJPY is right on major resistance and is setting up nicely for a plunge from here. Sell below 149.86. Stop loss at 150.76. Take profit at 147.14. Reason for the trading strategy (technically): Price is seeing major resistance below 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong drop from here could push prices...
AUDJPY is testing major resistance and looks poised to drop strongly! Sell below 83.35. Stop loss at 84.02. Take profit at 82.25. Reason for the trading strategy (technically): Price is testing major resistance at 83.35 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence, descending resistance) and a strong reaction from...
BTCUSD has made a pullback to our sell entry resistance, we remain bearish expecting a drop from here. Sell below 8351. Stop loss at 8601. Take profit at 7827. Reason for the trading strategy (fundamentally): Jack Dorsey, the CEO of Square, who previously predicted bitcoin’s future dominance back in March believes that bitcoin will become the default currency of...
NZDUSD has once again reached our profit target perfectly. We now prepare for a drop. Sell below 0.6905. Stop loss at 0.6935. Take profit at 0.6855. Reason for the trading strategy (technically): Price shot up perfectly and reached our profit target. We prepare to sell below major resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal...
USDJPY bounced perfectly above our buying level as expected and looks poised to rise further in this bullish channel. Buy above 109.98. Stop loss at 109.61. Take profit at 110.86. Reason for the trading strategy (technically): Price has made a pullback to our buying level and bounced off perfectly as it continues its way towards our profit target. Our major...
BTCUSD has reacted perfectly off our resistance, remain bearish for a further drop if it breaks major support. Sell below 8351. Stop loss at 8601. Take profit at 7827. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrencies is that eToro, the social investing platform, is launching a full-fledged cryptocurrency exchange and...
NZDUSD has dropped perfectly to our profit target and is now testing channel lower limit support. Buy above 0.6855. Stop loss at 0.6829. Take profit at 0.6905. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target and we’re now seeing major support at 0.6855 (channel lower limit support, horizontal swing low support). We...
USDJPY bounced off our channel support perfectly and reached our profit target. Look to buy on weakness. Buy above 109.98. Stop loss at 109.61. Take profit at 110.86. Reason for the trading strategy (technically): Price has shot up perfectly to our profit target after bouncing above our channel support. We now look to buy on weakness to play the further channel...
Sell below 8900. Stop loss at 9340. Take profit at 8208. Reason for the trading strategy (technically): BTCUSD is testing its resistance at 8900 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect to see price reverse and fall to its support at 8208 (50% Fibonacci retracement,...
Sell below 82.85. Stop loss at 83.41. Take profit at 81.727. Reason for the trading strategy (technically): AUDJPY is approaching its resistance at 82.85 (61.8% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal swing high resistance) where we expect price to reverse, causing it to fall to its support at 81.727 (61.8% Fibonacci retracement, horizontal...
Sell below 86.06. Stop loss 87.69. Take profit at 83.36. Reason for the trading strategy (technically): CADJPY is approaching resistance at 86.06 (61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance) where we expect price to fall to its support at 83.36 (50% Fibonacci retracement, horizontal overlap support). We do have to be...
Sell below 1.1991. Stop loss 1.2066. Take profit at 1.1829. Reason for the trading strategy (technically): EURUSD reversed nicely off its resistance at 1.1991 (23.6% Fibonacci retracement, 23.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where we look to sell on strength. We expect prices to fall to its support at 1.1829...
Sell below 8699. Stop loss at 9023. Take profit at 8208. Reason for the trading strategy (technically): BTCUSD is testing its resistance at 8699 (100% Fibonacci extension, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement) where we expect to see price reverse and fall to its support at 8208 (50% Fibonacci retracement, horizontal overlap support)....
Sell below 0.7581. Stop loss 0.7623. Take profit at 0.7474. Reason for the trading strategy (technically): AUDUSD is testing its resistance area at 0.7581 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where we expect to see a drop to its support at 0.7474 (61.8% Fibonacci extension, 61.8% Fibonacci retracement,...
Sell below 0.8835. Stop loss at 0.8878. Take profit at 0.8768. Reason for the trading strategy (technically): EURGBP reversed nicely off its resistance at 0.8835 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where we expect price to fall to its support at 0.8768 (61.8% Fibonacci extension, 61.8% Fibonacci retracement,...
Sell below 0.6977. Stop loss 0.7007. Take profit at 0.6909. Reason for the trading strategy (technically): NZDUSD tested its resistance at 0.6977 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance, channel resistance) where we expect to see a further drop to its support at 0.6909 (horizontal swing low support). We do have to be...
Buy above 129.97. Stop loss at 129.31. Take profit at 131.83. Reason for the trading strategy (technically): EURJPY made a bullish exit from its descending channel where we look to buy on weakness at 129.97 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support). We expect price to rise to its resistance at 131.83 (61.8% Fibonacci...