We can see strong downtrend here, but price then started to form higher highs and higher lows. Bulls gained control, but I expect to see bearish pullback and new higher low formation. Keep your eyes on 140.300 zone.
Bitcoin - 24h expiry - We look to Sell at 28495 (stop at 29105)
Trend line resistance is located at 28600.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
Prices expected to stall near trend line resistance.
We look for a temporary move higher.
A sequence of daily lower lows and highs has been posted.
Our profit targets will be...
US500 - Intraday - We look to Buy at 3907 (stop at 3859)
A Fibonacci confluence area is located at 4038.
Bespoke support is located at 3905.
The previous swing low is located at 3904.
Dips continue to attract buyers.
Our profit targets will be 4038 and 4055
Resistance: 4038 / 4042 / 4055
Support: 3905 / 3902 / 3487
Disclaimer – Saxo Bank Group.
Please...
$JPY - What can we do?
As mentioned in previous posts, data ISM will impact the market today. However, I am looking at key levels as long as we dont break the lows in the yen - this could be a little bit of a pull back trade we as traders could take advantage of.
Don't forget to trade your own plan.
Trade Journal
Aegon - Intraday - We look to Sell at 4.898 (stop at 5.021)
4.900 continues to hold back the bulls.
The previous swing high is located at 4.878.
Bespoke resistance is located at 4.900.
4.916 has been pivotal.
Preferred trade is to sell into rallies.
Resistance could prove difficult to breakdown.
Our profit targets will be 4.604 and 4.544
Resistance:...
The gold break to Fibonacci 0.23 and then it will go down at price 1862 is tp.
Let's sell gold 1972 and put SL 1880 and take TP...
Please look at the support 1861 when u take profit more.
The gold pull back to fibonanci at 0.78.
It's time to sell at price 1900 and put sl 1920 and take profit ....
If the gold break to 1920, it will go to 2000 soon.
Hello Traders
A follow on from my last post, as i said before we have seen an extended accumulation period where we normally see a lot of false price action where the market maker will take orders short and long.
As you can see where we have seen a major Double Top almost looking like we was going to go short, the market maker will take loads of orders going...
