Day_Trade_Ideas
DayTradeIdeas Rep
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Gold makes a breakout above the March high at 1353/56 but topped exactly here the high for 2018, in January at 1365/66.
Silver tests strong resistance at 1665/75 but tops exactly at the March high of 1686.
Both remain in a sideways trend for now after rejecting the upper boundaries of the 3 month ranges.
AUDUSD unfortunately just hovering around strong resistance at 7755/60 as we reach 7773 but sink back to 7736. Key to direction is now the 100 & 200 day moving averages at 7786/89 & 7811/15 but we have stronger resistance at 7827/30.
NZDUSD beat 61.8% Fibonacci resistance at 7325/30 to top 2 pips from the next target & important resistance from the 8 month trend line at 7380/7390. We pause again in the sideways trend! OMG!
EURUSD we wrote: holding what is now first support at 1.2310/20 re-targets 1.2375/80, perhaps as far as minor resistance at 1.2400/05.
From a low at 1.2323 we topped 5 pips from minor resistance at 1.2400/05.
USDCAD we wrote: collapsed through strong support at 1.2670 with longs stopped. This is an important longer term sell signal.
We traded lower as expected.
GBPUSD bulls got the green light on the break above 1.4105 reaching 1.4135/40, 1.4180/85 & trend line resistance at 1.4205/15. We topped only 7 pips above.
GBPJPY break above 150.60/80 was a buy signal targeting 151.40 & only minor resistance at 152.10/20 for some profit taking on longs. Target hit & we topped just 4 pips above.
WTI Crude bottomed exactly at support at 6523/18.
We wrote: A break above 6586 targets 6600/6610 6630 & the January/March double top high at 6655/6666. A break higher not out of the question targeting 8 month trend line resistance at 6725/35.
We topped just 10 ticks above here.
Bitcoin interest has died now the bubble has burst! However we remain in a bear trend with no signal to expect a recovery at this stage.
Watch trend line resistance at 6980/7000 & trend line support at 6620/6600. A breakout of either of these could trigger a decent move in either direction.
Dax topped exactly at our selling opportunity at 12420/440 on Tuesday. Shorts worked as we dipped to just 8 ticks above 12320/330 & then on Wednesday we dipped as predicted to the next target of 12265/255.
We bottomed exactly here.
FTSE we wrote: Although I see no strong reason for a top at 7199, we are overbought on the daily chart, in a bear trend, so there are risks to the downside.
We drifted a little lower but bottomed exactly at first support at 7163/60.
It's a scalpers market with few swing trade opportunities on the spread sheet. Trade the levels in your favourite markets & be quick to take a profit. Keep stops tight.
Silver tests strong resistance at 1665/75 but tops exactly at the March high of 1686.
Both remain in a sideways trend for now after rejecting the upper boundaries of the 3 month ranges.
AUDUSD unfortunately just hovering around strong resistance at 7755/60 as we reach 7773 but sink back to 7736. Key to direction is now the 100 & 200 day moving averages at 7786/89 & 7811/15 but we have stronger resistance at 7827/30.
NZDUSD beat 61.8% Fibonacci resistance at 7325/30 to top 2 pips from the next target & important resistance from the 8 month trend line at 7380/7390. We pause again in the sideways trend! OMG!
EURUSD we wrote: holding what is now first support at 1.2310/20 re-targets 1.2375/80, perhaps as far as minor resistance at 1.2400/05.
From a low at 1.2323 we topped 5 pips from minor resistance at 1.2400/05.
USDCAD we wrote: collapsed through strong support at 1.2670 with longs stopped. This is an important longer term sell signal.
We traded lower as expected.
GBPUSD bulls got the green light on the break above 1.4105 reaching 1.4135/40, 1.4180/85 & trend line resistance at 1.4205/15. We topped only 7 pips above.
GBPJPY break above 150.60/80 was a buy signal targeting 151.40 & only minor resistance at 152.10/20 for some profit taking on longs. Target hit & we topped just 4 pips above.
WTI Crude bottomed exactly at support at 6523/18.
We wrote: A break above 6586 targets 6600/6610 6630 & the January/March double top high at 6655/6666. A break higher not out of the question targeting 8 month trend line resistance at 6725/35.
We topped just 10 ticks above here.
Bitcoin interest has died now the bubble has burst! However we remain in a bear trend with no signal to expect a recovery at this stage.
Watch trend line resistance at 6980/7000 & trend line support at 6620/6600. A breakout of either of these could trigger a decent move in either direction.
Dax topped exactly at our selling opportunity at 12420/440 on Tuesday. Shorts worked as we dipped to just 8 ticks above 12320/330 & then on Wednesday we dipped as predicted to the next target of 12265/255.
We bottomed exactly here.
FTSE we wrote: Although I see no strong reason for a top at 7199, we are overbought on the daily chart, in a bear trend, so there are risks to the downside.
We drifted a little lower but bottomed exactly at first support at 7163/60.
It's a scalpers market with few swing trade opportunities on the spread sheet. Trade the levels in your favourite markets & be quick to take a profit. Keep stops tight.