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Short-trend

TESLA BlueSky Breakout| Structural Support| Volume ClimaxHello Traders! Today’s chart update will be on TSLA which has gone parabolic after a key technical level broke, a correction is imminent, but when? Points to consider, - Trend establishing new higher high - Structural resistance broken - Stochastics in upper regions - RSI overbought - EMA’s yet to meet price - Volume influx/climax TESLA’s higher high will come to fruition when a correction or consolidation from current level deems true. Structural resistance broken, now potential support, S/R flip, when and if Tesla comes back to re-test. Stochastics is currently in the upper regions, can stay trading there for an extended period of time, however lots of stored momentum to the downside. RSI is trading at overbought territory; a correction is imminent from such extreme levels. EMA’s yet to meet price, has been holding as support even before breakout, needs to allow Tesla to correct at some point. Volume has climaxed with evident bars signalling that a potential local top may be in at current time. Overall, in my opinion, Tesla is imminent of a correction to cool of technical indicators such as the RSI. A test of structural support, previous staunched resistance, is probable to confirm the S/R flip. What are your thoughts? Please leave a like and comment, And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee,
NASDAQ:TSLAShort
by The_Alchemist_Trader_
2
EURUSD short (Supply and Demand Anaylsis)Current State: We can see that the price already Retested the Supply Zone. Expectations: I expect the price to drop. The first possible target would be the Support Line. We could even see EURUSD moving more to the Down Side. So the Demand Zone marked on the charts could also be a nice Target. This is my Analysis on the EURUSD. I hope you enjoy it. Feel free to comment on the Analysis if you want to know something. Let me also know in the comments your view about the EURUSD .
Short
by DariusFxTrading
Phase 1 GBPAUD Short plan (1:4 risk reward ratio)Plan: looking for a long term trade after Phase 1 decision on 15th Jan. Reason: 1. GBP currently was in the cloudly direction for future growth, sideways is predicted till 31st Jan 2020. 2. AUD was currently in a hotlist, among the charts, it's risk appetite is reasonable good and appealing for long term trade. Go watch AUDNZD chart. 3. Thus, AUD was VERY dependent on export, CPI and PPI will sure be indicator for long this AUD.
Short
by UnknownUnicorn338529
GBPJPY - SellSetup: In correlation with the rest of the GBP pairs and the current political situation in the UK, the 130 resistance (area) has been tested for the past week failing to close above it.. prices are also closing in on the strong and steady D1 downtrend line boundary which can indicate more volatility and bearish entry opportunity soon. We set up a short trade around the 130.3+ area with a tight SL above the high of the week / tail of the last rejection and aiming at the low levels of the past week for TP.
Short
by mmrabea