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TSLA Ready To Reverse?! Here we are looking TSLA on the Daily TF… In today’s analysis we are going to be comparing TESLA’s two most recent legs up in its current move, to look at the similarities and figure out where this current leg up may run out of steam. In TSLAs first move up, it moved up $115 which was approximately 112% up from its lows. From there, it received a pullback before beginning its current move up. When looking at the current move up, it has moved up exactly $115, just as the first move. Additionally, you can see that the price has gravitated right to a major gap fill on the chart. This isn’t enough to say that TSLA will reverse, but the similarities and the confluence is very strong. I will begin to look for TSLA to pull back from its current levels, and will update you as I see fit! Cheers!
NASDAQ:TSLA
by GarethSolowayOfficial
9
USD/JPY long ideaHello Traders We have detected a triangle correction for USD/JPY. so we stay bullish on this pair and expect some upward moves in the next few days. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
EURGBP I Headed to retest demand zone and will possibly break itWelcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
8
30/05/23 Weekly outlookLast weeks high: $28225.6 Last weeks low: $27040.8 Midpoint: $25856.0 A little late due to bank holiday. BTC did go on a weekend rally to close strong near 28K. We've seen this happen before and usually the following week most of the gains get roundtripped back down, in this case targeting around 26K. Tomorrow is the end of the month, currently we have our first red month in 2023. Could this be a correction from from a rally since the start of this year around the 16K mark, BTC's value has doubled since then so a correction makes sense even though we have been chopping for what seems like a long time.
by ProR35
USDCAD Waiting the convalidation!On USDCAD, we have a critical setup, which means that the price is at a point of demand and supply at the same time. By analyzing the chart, I can infer that the price could drop to 1.3530, creating a short setup, and then bounce back to the supply level before descending further with a target at 1.34. Alternatively, the price could retrace directly to 1.3540, creating a long setup with a target at 1.3590. Both of these views are supported by spike validations on the order blocks. Let me know what you think. Happy trading to everyone.
by EdgeTradingJourney
15/05/23 Weekly outlookLast weeks high: $28610.2 Last weeks low: $25768.1 Midpoint: $27189.1 BTC dropping from weekly high at the start of the week to the lows in an almost linear diagonal decline, baring the anomaly of the CPI news Wednesday. Followed by a retracement back to the midpoint of the week after a weekend pump. The week has started positively by flipping the midpoint of the previous week, with a retest and acceptance above could be bullish and I would expect a run up to 29K, where we go from there is anyone's guess as we have been ranging for a little while now. A retest of the 25.2k level before a continue in rallying price makes the most sense to me.
by ProR35
BTCUSD: Revisiting Key Support at 21500BTCUSD (Bitcoin) I expect BTCUSD to revisit the key support level at 21500 in the near future. A rebound from this level would signal a potential uptrend, with a target of 26k after breaking through the key resistance at 25200. If the support level at 21500 fails to hold, we could see a deeper correction, with a potential drop to 19k or lower. Therefore, it's important to closely monitor the price action around this support level. In summary, my trading idea is as follows: Entry: Buy at the sub-21500 level with a stop loss below 19500 Target: 26k Invalidation: A sustained break below 19500 Please note that this is just my opinion and not financial advice. Always do your own research before making any trading decisions.
INDEX:BTCUSD
by Bitsleader
2
XAUUSD Ready for the big news tomorrow! On gold, we have a complicated setup, with the sudden strengthening of the dollar despite the negative scenario, while gold tries to push towards 2100. Currently, we have a price around 2015 within a strong demand zone. The objective will be to wait for a long or short setup within this zone, with a target of 2050 in case of a long trade and a scenario of 1976 in case of a short trade. Let me know what you think. Happy trading to everyone.
OANDA:XAUUSD
by EdgeTradingJourney
P2P | US30 Mark UpWelcome ladies and gents to another great mark up from P2P! I know you’ve all been well and I’m here for it all lol. So quickly stated, this mark up is intended for educational purposes. The strategy we have been working with has begun to show improvement! Let’s break things down: 1) TOT : the execution time of the trade came Monday May 1st @ 10am, creating a high which would then be ran out and breaking structure to the downside. * Once the liquidity has been ran out and price has broken structure in the opposite direction, Fib the range of the high to the low, and would look to enter a sell position at 62% Fib level. 2) Once price has moved in our direction, the Fib levels will determine how long the trade can be held. A safe level for placing your TP is the 0% level (it’s a bit over 1:1 trade with a slightly adjusted SL). * price action around key levels are good, but price action around key levels toward the same direction are even better! Once price starts to reject on the pullback it allows you to A) move my SL to profit, B) take partials, or C) enter another position. 3) MTT) manage the trade by aligning price action around key Fib levels. As long as your trade aligns with time x direction x technicals (you will also add your fundamentals if there has been substantial news in the markets prior to the move). And that’s about it folks. Working on pressing this into my mind permanently! See it, allow the trade to develop, the execute. Anyways let’s keep getting better and securing our future. Trade well family, stay healthy on all aspects, and continue to rule 2023… year of the rabbit!
UShort
by Pips2Porsches