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Sidewaysmovement

GBP/AUD🇬🇧🇦🇺 to test the Resistance!GBP/AUD🇬🇧🇦🇺 has formed the Symmetrical Wedge pattern. Recently , the price has moving within the sideway channel and we just can see that the bounce from support was followed by the bounce from the bottom trendline. The midline is crossed and the ROT is indicating - to + swing , so we can expect the rise up to the resistance area. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section
Long
by Alexander_Harford
2
NIO: Complete Multiple Time Frame Analysis!Hello traders and investors! Let’s do a complete Multiple Time Frame Analysis (MTFA) on NIO today, looking at 3 different time frames. First, NIO is trading under the resistance at the green line $ 49.36, and above the 21 ema, this means that NIO is inside a Trap Zone . It could breakout to any direction, but since the trend is bullish, the odds favor the bulls here. If it loses the 21 ema, then a retest of the red line around $ 42.51 is the most likely scenario. Now, some of you are concerned about a pullback here, so let’s see the daily chart now: Ok, NIO is doing what seems to be a time correction , meaning that is moving sideways, waiting for the 21 ema to reach the price, instead of dropping to the 21 ema. This shows a lot of resilience, and we have no reason to worry. The volume is decreasing during this correction, which is natural. As we discussed in my Tesla analysis, according to the 5th tenet of the Dow Theory , the volume must confirm the trend. A correction with low volume is a harmless and acceptable movement, according to the technical analysis. In fact, this movement is quite similar to what Tesla did a few months ago. Maybe we'll have the same behaviour here. Either way, the 21 ema is here to hold the price if it drops more and would be a perfect buy opportunity. Now, the weekly chart: The trend is very bullish, and very strong here. Again, pullbacks would just offer opportunities to buy, but so far, we have no pullback sign here. Maybe if NIO loses the previous week’s low, we would see a decent pullback, but this is just a theory. Now is time to manage positions here, and keep in mind the points mentioned in this analysis. And if this idea helped you, please, support it ! And follow me to keep updated about my ideas on NIO, TSLA and other stocks. Thank you very much. Have a great weekend.
NYSE:NIO
by Nathan_The_Finance_Hydra
13
TSLA: What's next for it?Hello traders and investors! Let’s see how Tesla is doing today! Let's do a Multi Time Frame Analysis (MTFA) and study some scenarios to work with from now on. We have a bull trend in the hourly chart, as it is doing higher highs / higher lows , but it just hit an important resistance level, the pink line at $ 442.50. As evidenced by the pink arrows, it worked as support and resistance in the past. It seems Tesla will fail in defeating this resistance, so a retest of the 21 ema or the black line at $ 430 is something we can expect in the short-term. This pullback would be considered normal and healthy, but we may see a sharper pullback if Tesla loses the black line. In fact, although the stock is bullish in the hourly chart, the daily chart is still in a congestion: We see that Tesla is moving sideways since the beginning of September, but it seems we have a clear resistance at $ 461, which is a target for us right now. The 21 ema is flat, and Tesla needs more volume to defeat the $ 461 for good. I still see the $ 406 as an important support zone, despite the fact we had a false breakout from it in the beginning of this month. The yellow area is an interesting buy zone , and we must look at the weekly chart to understand why: The yellow zone is a triple support area in the weekly chart, made by the 21 ema, the previous support (pink line) and the purple line, which was support and resistance for the price in the past. We can’t be sure if Tesla will ever hit the yellow zone again, but if it loses the $ 406, then we can focus on this area. But for now, let’s keep our eyes open in the hourly chart, as I believe it’ll offer us a better view of the situation on Tesla. And if this idea helped you, please, support it ! And follow me to keep in touch with my daily analyses. I wish you all a great Monday!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
11
USDJPY levels I am currently watchingLooking for breakout setups out this funk we are in for this pair. Bears are looking for a break below 104.00 but we may be seeing the start of another bull leg in this unending USDJPY trading range. Let's see if market could forge out a break in either direction. For the bullish scenario, I'm watching levels marked by green boxes which are confluence resistance levels. I am not holding my breath. This pair haven't been very interesting for a while now (unless you're a trading the LTFs) but let's see what the market reveals in the coming weeks.
by thedailychartist
FKLI TRADING : 188) imminent breakout frm tight rangethis is trade 188 frm haidojo trading... as I have anticipated earlier, fkli-oct has broken abv the tight range level and now retesting 1515 resistance... if price is rejected at 1515, then short...if it goes higher then long and target at 1540... higher-resistance : 1557-1570 ( bearish bat and gartley patterns) resistance : 1540 immediate resistance : 1500-1515 support : 1477-1484 lower support : 1446-1413 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!
by HAIDOJO_trading
2
FCPO TRADING : 172) sideway or slowly upthis is haidojo and the number is 172... after some bearish-engulfing pattern in candlesticks yesterday dan a fall close to 70pts. Today, fcpo-dec resumes its fall to close to 2900... however, it is still indecisive whether the market has reversed its trend or juz a mere correction after hitting a major resistance region of 3100-3130...the support of 2800 must be watched closely...it is the main-marker to decide whether the market is bullish or bearish... higher resistance : 3100-3130 immediate resistance : 3030 support : 2900 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!
by HAIDOJO_trading
FCPO TRADING : 128) bearish gartley pattern has been invalidatedthis is 128 frm haidojo trading...as the price-action presented, leg A has been violated and now the bearish gartley pattern is no longer valid... according to my thumb-of-rule, reversal is not confirmed yet...however, as 10th of the month has past(exactly today), the real trend/movement should begin soon... resistance : 2790-2810 current support : 2720-2725 support : 2670 -2630 lower support : 2560 (now the critical indicator for bull/bear) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!
by HAIDOJO_trading
FCPO TRADING : 123) sideway market persists this is 123 frm haidojo trading...FCPO-OCT is showing a sign of sideway market...with new support level formed at 2720... we need to wait for breakout abv 2810 or the immediate support at 2720 to have a confirmation... resistance : 2790-2806 current support : 2720 support : 2670 -2630 lower support : 2560 (now the critical indicator for bull/bear) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!
by HAIDOJO_trading
FKLI TRADING : 110) ANTICIPATING A NEW STRUCTURE HIGH? 110 is the number and this is haidojo trading. Fkli-july has surprised everyone by showing a reversal to the upside today...it is hard to tell whether the uptrend persists or it is just another sideway movement...onli by waiting for a breakout abv the previous high at 1620 and abv should it confirm the continuation of the current uptrend...critical support to watch out is 1587 support levels which were tested multiple times in the past... overhead resistance : 1616 1-620 higher resistance : 1640 crtitial and strong support : 1587 lower support : 1560 -1564 PS : if a breakout abv the 1620 happens, then the advanced pattern becomes invalid... WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!
by HAIDOJO_trading
FKLI TRADING :106) sideway market for the past 9-10 dayshi, this is trade 106 frm haidojo trading...fkli has presented a pretty boring sideway market for +- 10days...if you trade a "box" tunnel, so this is the time when your winners are going to flourish...but if you trade a breakout pattern like I do...haiz, B...O...R...I...N...G... so awaiting either of the support level side 1587 or the resistance level 1616-1620 to be broken...according to what has happened recently, it is likely that klci will slip down slowly...but...who knows...??? WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!
by HAIDOJO_trading
EITA RSC BHD- top 20 jewel series of malaysia stockstop 20 jewels frm a very popular local bank... fundamental : I don't know... technical : let's look at some price action... EITA has been uptrend since 2012, its inception till May 2017...now, it is standing at a crossroad, RM1.23...lower support at RM1.00-1.10...and resistance at RM1.50-1.57, higher resistance at RM2.10... current support : RM1.00-1.10 resistance : RM1.50-1.57... higher resistance : RM2.10.. in overall, EITA is trading in a sideway, and possibly forming a huge “head-and-shoulder” pattern...the neckline is formed at RM1.10, if broken below this support, it shall retest its beginning price at RM0.68-0.70... WARNING : this is juz a trading idea...trade at your own risk! plz like and share...
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by HAIDOJO_trading