Sell below 109.27. Stop loss at 109.88. Take profit at 107.94. Reason for the trading strategy (technically): USDJPY is testing its resistance at 109.27 (Long term 61.8% Fibonacci extension, 50% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance) where we expect to see a drop to its support at 107.94 (100% Fibonacci extension,...
Buy above 1.2086. Stop loss 1.2024. Take profit at 1.2237. Reason for the trading strategy (technically): EURUSD is approaching its support area at 1.2086 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where we expect prices to bounce off and rise to its resistance at 1.2237 (38.2% Fibonacci retracement, horizontal overlap...
Buy above 8937. Stop loss at 8454. Take profit at 9946. Reason for the trading strategy (technically): We see BTCUSD being held up by its ascending channel where we expect it to rise further. We look to buy above 8937 (38.2% Fibonacci retracement, horizontal overlap support) where price is expected to rise to its resistance at 9946 (61.8% Fibonacci extension, long...
Sell below 83.07. Stop loss at 83.39. Take profit at 82.48. Reason for the trading strategy (technically): AUDJPY is approaching its resistance where we look to sell on strength at 83.07 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance). We expect prices to react off it, pushing it all the way down to its support at 82.48...
Sell below 0.7662. Stop loss at 0.7681. Take profit at 0.7609. Reason for the trading strategy (technically): CADCHF is approaching its resistance area where we look to sell below 0.7662 (100% Fibonacci extension, 100% Fibonacci extension, 61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance). We expect price to fall to its...
Buy above 8467. Stop loss at 7708. Take profit at 9719. Reason for the trading strategy (technically): We see BTCUSD being held up by its ascending channel where we expect it to rise further. We look to buy above 8467 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal pullback support) where price is expected to rise to its resistance at 9719...
Sell below 152.67. Stop loss 153.85. Take profit at 150.58. Reason for the trading strategy (technically): GBPJPY is approaching its resistance at 1525.67 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reaction, causing price to fall to its support at 150.58 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal...
Buy above 9129. Stop loss at 8503. Take profit at 10222. Reason for the trading strategy (technically): We see BTCUSD being held up by its ascending channel where we expect it to rise further. We look to buy above 9129 (horizontal pullback support) where price is expected to rise to its resistance at 10222 (100% Fibonacci extension, 61.8% Fibonacci extension,...
Buy above 1.3930. Stop loss at 1.3848. Take profit at 1.4176. Reason for the trading strategy (technically): GBPUSD bounced nicely off its support at 1.3930 (100% Fibonacci extension) where we expect it to rise further if it breaks out of its immediate resistance at 1.3992 (horizontal overlap resistance, descending channel). Once this level is broke, a bullish...
Sell below 1.6121. Stop loss 1.6185. Take profit at 1.5980. Reason for the trading strategy (technically): EURAUD is approaching its resistance at 1.6121 (100% Fibonacci extension, 61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where we expect to see a reversal, causing price to fall to its support at 1.5980 (50%...
Sell below 1.0706. Stop loss at 1.0752. Take profit at 1.0616. Reason for the trading strategy (technically): AUDNZD is approaching its resistance at 1.0706 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reaction, causing price to fall to its support at 1.0616 (38.2% Fibonacci retracement,...
Seems like we're finally breaking that key support level! RSI (55) is starting to see the break of our horizontal support too. Hopefully we can see a strong drop from here :) Forgot to add in bearish divergence in my previous idea. So here's the updated one!
Seems like we're finally breaking that key support level! RSI (55) is starting to see the break of our horizontal support too. Hopefully we can see a strong drop from here :)
Buy above 0.7423. Stop loss at 0.7397. Take profit at 0.7510. Reason for the trading strategy (technically): Price has started to bounce up really nicely. We remain bullish above 0.7423 support (Fibonacci retracement, horizontal swing low support, bullish divergence) for a push up to at least 0.7510 resistance (Fibonacci retracement, Fibonacci extension,...
Sell below 1.4810. Stop loss at 1.4881. Take profit at 1.4693. Reason for the trading strategy (technically): Price is testing major resistance at 1.4810 (Fibonacci retracement, Fibonacci extension, bearish channel resistance) and we expect a drop from this level to at least 1.4693 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3)...
Buy above 1.0000. Stop loss at 0.9946. Take profit at 1.0100. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target as expected. We prepare to buy above 1.0000 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 1.0100 resistance (Fibonacci extension, horizontal...
Sell below 1.0948. Stop loss at 1.1002. Take profit at 1.0853. Reason for the trading strategy (technically): Price has bounced off our buying area perfectly and reached our profit target as expected. We prepare to sell below 1.0948 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down towards 1.0853 support (Fibonacci retracement,...
Sell below 83.83. Stop loss at 84.23. Take profit at 83.21. Reason for the trading strategy (technically): Price has continued to drop towards our profit target really nicely. We remain bearish below 83.83 resistance (Fibonacci retracement, pullback resistance, horizontal overlap resistance) for a further drop towards 83.21 support (Fibonacci retracement,...