GBPUSD- Intraday - We look to Buy at 1.2490 (stop at 1.2450)
Bespoke resistance is located at 1.2574. In line with resistance, selling has been posted from 1.2572. A 5 wave bullish count has been completed at 1.2572. Expect trading to remain mixed and volatile. The medium term bias remains bullish....
EURUSD - Intraday - We look to Buy at 1.1228 (stop at 1.1198)
A 5 wave bearish count has been completed at 1286. Expect trading to remain mixed and volatile. Bespoke support is located at 1.1228. We have a 61.8% Fibonacci pullback level of 1.1288 from 1.1193 to 1.1286. Ichimoku cloud support comes in at...
US500 - Intraday - We look to Sell at 3020 (stop at 3030)
Our profit targets will be 2910 and 2900
Resistance: 3022 / 3040 / 3050
Support: 2970 / 2910 / 2900
Weekly – Close to an exhaustion count (trend line resistance at 3032)
Daily chart – Overbought
Intraday chart – Ending wedge. 261.8% lines up with the trend of
higher highs. A break...
Good morning traders,
After last nights confirmatory words from US central bank chair Powell that they will be looking to cut interest rates (as the market expected) we had a bout of USD weakness which we were able to take advantage of for our team in longs on GBPUSD, EURUSD and short USDJPY clocking up over 200 pips on those three trades alone. We are now...
USDCHF - Intraday - We look to Sell at 0.9886 (stop at 0.9916)
Continued downward momentum from 0.9851 resulted in the pair posting net daily losses yesterday. Selling posted in Asia. Intraday, and we are between bespoke support and resistance 0.9854-0.9886. The selloff is close to an exhaustion count on...
GBPUSD - Intraday - We look to Buy at 1.2490 (stop at 1.2450)
A 5 wave bearish count has been completed at 1.2439. Buying posted in Asia. Bespoke resistance is located at 1.2575. The 261.8% Fibonacci extension is located at 1.2539 from 1.2439 to 1.2477. Risk/reward is ample to call a buy trade. Bespoke...
EURUSD - Intraday - We look to Buy at 1.1230 (stop at 1.1200)
A 5 wave bearish count has been completed at 1.1193. Selling posted in Asia. The rally has posted an exhaustion count on the intraday chart. The medium term bias remains bullish. Trading between support at 101230 and resistance at 1.1300. We...
USDJPY - Intraday - We look to Buy at 108.35 (stop at 108.05)
3 positive daily performances in succession. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. The AB=CD formation target is located at 109.27. Bespoke resistance is located at...
EURGBP - Intraday - We look to Buy at 0.8955 (stop at 0.8925)
Price action has formed an expanding wedge formation. The trend of higher highs is located at 0.9092. The trend of higher lows is located at 0.8939. Dips continue to attract buyers. Our medium term bias is bearish below 0.8939...
USDCAD - Intraday - We look to Sell at 1.3144 (stop at 1.3179)
3 positive daily performances in succession. The move higher is mixed and volatile, common in corrective sequences. The 161.8% Fibonacci extension is located at 1.3035 from 1.3565 to 1.3238. The previous swing high is located at 1.3145....