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
Rangestrategy
XAUUSD 1H 24/04/2023On the 1-hour timeframe, we can see that we are in a bearish range that is delimited between 2011.890 and 1969.305, with the latter being the liquidity point of the range. Thus, we could look for a short operation in the gray delimited zones, with the first one being between 1998 and 1989, and the second one being the zone between 2008 and 2005. Alternatively, we can search for new ranges on a lower timeframe.
GOLD SHORT TRADEHello Traders,
Here you go for the GOLD analyst as gold has been make higher high at 1568, however the price has joined again within the range. I might be wait to see another retest at the zones in order to get the confluences for the confirmation prior to make the decision which the ideas is valid for the FAKE BREAKOUT or not.
Bear in Mind the core principles of your trading confluences would be much suggested, before taking the trade for the risk and proper trade management.
Cheers,
Ochin_FX