Amazontradingsetup
AMZN (AMAZON) LONG AND SHORT SET (HUGE BREAKOUT)HUGE BREAK OUT COMING
Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.
TITLE/(DATE)- BUY AMAZON (7/28)
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3018
ENTRY 2- 2998 (pending)
STOP LOSS- 2978 ( 400 PIPS)
TAKE PROFIT 1- 3058 (400 PIPS)
TAKE PROFIT 2- 3098 (800PIPS)
TAKE PROFIT 3- 3158 (1400)
TAKE PROFIT 4- 3228 (2000 PIPS)
TAKE PROFIT 5 - 3318 (3,000 PIPS)
TAKE PROFIT 6- $3458 (4,400 PIPS)
STATUS: ACTIVE
AMZN continue its equilibriumHello everybody, the AMAZON stock price seems entering in an equilibrium range since 14 April, after passing a good uptrend since 16 March.
In the actual conditions, the AMZN stock price will continue in its equilibrium, but could at any time break it :
- above which mean another increasing trend
- or below the rectangle which means a decreasing trend.
AMAZON ($AMZN): Was it Bulls or Did the Bears Just Get Squeezed?✨ New charts every day ✨
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Amazon is the king of online sellers. Was this the bulls that brought us here on COVID-19 strength, or was this all just the bears getting squeezed? Revenue was up last quarter and they don't report again until the summer. Meanwhile, reports say shipping times are getting back to normal. Amazon might be at all time highs, but that doesn't mean it can't go higher.
Resources: www.earningswhispers.com + time.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 4 hour chart. Lets hope that was from buyers really looking for more continuation and not just COVID-19 bears getting squeezed in early April.
2. With this strategy, we we want to enter long on bullish order blocks plotted by Orderblock Mapping (Blue) and bullish S/R levels plotted by Directional Bias (Blue).
3. For the Bullish continuation, a pullback to R1 after its initial move higher would be the most ideal but not necessarily ensured as there will be large amount of momentum when we break out on the upside.
4. For the Sideways indecision, a small scalp from S1 to R1 is ideal since again we are trend traders so buying support in an uptrend is very much the path of most likely success.
5. Finally for the Bearish Correction preplanning an average entry at either of the S2/S3 ranges is looking great. Of course, this is assuming Fractal Trend is still showing an uptrend when we get to those ranges.
AMZN technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support
📌Why DepaDigitalTrading:
*Analysis based on my program and tactic readings
*Fundamental side in analysis
*Price action - FIBO - Candl pattern
*FX - STOCK - CRYPTO
*Day trader - Swing trader - Position trader - "Sniper"
*Simple ideas
💡 AMZN technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formed, technicaly picture good, expecting to see push in price till FIBO 0.7 possible and break of 0.7 FIBO
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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All best, good luck!
AMZN working hard or hardly working?AMZN has proven itself to has bullish features, but is that momentum slowing down? MA's indicate so, for now, momentum can be seen to be slower than the normal rapid bullish movements that are seen. This momentum will resume once MA's decide on a direction whether it be upwards and continuation of this very weak upward trend or breakdown to begin a new respectable move upward. I would either go long on this or short it.