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Tesla is in tight range; bracketingInteresting setup on NASDAQ:TSLA Price was bracketing for the last four days. The high level context is certainly bullish (daily uptrend, strong market) but bulls met strong resistance as they tried to close gap from January 24th. Two possible ways to play it LONG: either from range bottom with profit target at range high and above; or wait for bullish break out and go with it if it holds. Regardless of what you do always wait for confirming signals before commencing trade Disclaimer I don't give trading or investing advices, just sharing my thoughts
NASDAQ:TSLALong
by hermes_trisme
EURCAD: Strong Bullish Confirmation 🇪🇺🇨🇦 Update for EURCAD. Earlier we spotted a confirmed bullish reversal on a daily time frame. After a violation of a daily horizontal resistance, the price started to consolidate with a bullish flag pattern on a 4H time frame. The resistance of the flag was broken today with a high momentum bullish candle. It is a strong bullish confirmation and it indicates that more growth is coming. Next resistance - 1.4699 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
GBPJPY: Important Decision Ahead 🇬🇧🇯🇵 GBPJPY is currently consolidating on a key horizontal resistance. I see a tiny horizontal range on a 4H time frame. It feels like the price may drop from that structure. Our confirmation will be a breakout of the support of the range. 4H candle close below 188.24 will be your bearish signal. A bearish continuation will be anticipated then at least to 187.75. Alternatively, remember that a bullish breakout of the underlined blue resistance can be a strong bullish signal. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
Reversal Parallel Channel Pattern in BANKNIFTYBANKNIFTY Index Key highlights: 💡⚡ 📈 On 15 Min Time Frame Banknifty Index Showing Reversal of Parallel Channel Pattern. 📈 It can give movement upto the Reversal Final target of Below 45590-. 📈 There have chances of breakdown of Support level too. 📈 After breakdown of Support level this Banknifty index can gives strong downside rally upto below 45150-. 📈 Can Go short in this Banknifty index by placing a stop loss Above 46240+.
NSE:BANKNIFTY
by TradZoo
Bullish Outlook for USOILHi Traders! USOIL is in an ascending price channel as it looks to break back above the 75.00 level. Here are the details: The price action looks currently bullish; the market swings are getting higher, and the price is about to break back above the 20 EMA. Our idea here is to buy market dips leading up to the 20 EMA break. Short-term targets are levels around the 75.00 area, and long-term targets are levels near the resistance at 79.72. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:USOILLong
by BluetonaFX
AUDUSD Bear Flag PatternHi Traders! There is a bear flag pattern developing on the AUDUSD 3H chart. Here are the details: The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still below the 20 EMA, which is a bearish signal. As long as the market remains below the EMA and flag channel resistance, we will remain bearish on this pair. Preferred Direction: Sell Resistance (FLAG CHANNEL): 0.65435 Support (FLAG CHANNEL): 0.64856 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Dollar Index (DXY): Trading Plan Ahead of Payrolls 💵 Dollar Index is testing a support of a horizontal range on a daily now. Ahead of the non-farm payrolls report, watch carefully the intraday price action. The price is currently consolidating within a narrow range on an hourly time frame. Its resistance breakout can give us a strong bullish confirmation. Hourly candle close above 103.1 will confirm a violation, a bullish continuation will be expected at least to 103.25 Remember that a bearish violation of a support of the range on a daily will invalidate the setup. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
2
GBPUSD: Analysis Pre BOE Rate decision. Today's focus: GBPUSD Pattern – Consolidation Watch Support – 1.2665, 1.2610 Resistance – 1.2751 Hi, and thanks for checking out today's video update. We are looking at the GBPUSD today as the price continues to consolidate in a rough ending diagonal pattern. We have also chosen the cable as we have the UK rates decision to come out later today. Depending on what we see from the BOE, this could be a catalyst to break the price out of its current deadlock. Yes, we do have a consolidation in an uptrend but its not a traditional continuation pattern so we are waiting to see if, and where price breaks ou before we start thinking about directional calls. Rates are expected to remain on hold, so we will be looking for policy clues in the statement. Will we see a breakout today? We have run over scenarios for price and points we will look at for potential confirmation. UK Interest Rate decision is due today at 11:00 pm. Good trading.
by Eightcap
1
GBPUSD Possible Triangle BreakHi Traders! A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bearish; we have had multiple tests at the trendline support and have broken below the 20 EMA. The market is currently trading on the trendline support, and we are looking for a break and a close below the trendline. As long as the market stays below the 20 EMA, our view will remain bearish. We expect some more consolidation before a possible attempt at the trendline break. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.26947 Support: 1.27674 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly.
Short
by BluetonaFX
1
GBPCAD: Your Trading Plan Explained 🇬🇧🇨🇦 GBPCAD is testing a solid rising trend line on a daily. Probabilities are high that we will see a bullish reaction to that. Your bullish confirmation will be a bullish breakout of a neckline of a horizontal range on an hourly time frame. Hourly candle close above 1.7105 will confirm a violation. A bullish continuation will be anticipated to 1.713. If the price sets a new lower low lower close, a setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
USDCAD Triangle PatternHi Traders! There is a triangle pattern on the USDCAD 4H chart ahead of the Bank of Canada (BoC) Monetary Policy Report, Rate Decision, and press conference. Here are the details: The price action looks bullish due to US dollar strength, and the market is currently in a consolidation phase in the triangle. Depending on what we get later from the Bank of Canada, we may get a re-test of the monthly high at 1.35420 if the triangle resistance breaks. It is expected that the BoC will hold rates at 5%. Preferred Direction: Buy Resistance: 1.34797 (TRENDLINE RESISTANCE) Resistance: 1.35420 (MONTHLY HIGH) Support: 1.34401 (TRENDLINE SUPPORT) Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2