FADE THE POP on news. Tesla to the ground!NASDAQ:TSLA pops after hour on news, running up to as high as $246: "General Motors will follow crosstown rival Ford Motor in partnering with Tesla to use the electric vehicle leader’s North American charging network and technologies."
We often see stocks pop on news, which gives us a chance to fade the selloff. Beware, just as you should not try to catch a falling knife, you should not try to hold down a rocket ship. That's why I give a short time to declare itself.
NASDAQ:TSLA is pushing into the daily supply between $227-$237 from back in 11/2022. If buyers cannot hold, we have a long way down for the rest of the year with good risk to reward.
Buy time. An early entry is below $233.44 which is proven support/resistance and a sure confirmation of seller strength is a daily hold below $228.36
Swingsetup
FMGOETZE Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Swing Trade.
FMGOETZE Broke almost 2 and half year resistance with good volume support and marubozu like candle (with very little wicks) on weekly time frame.
CMP: 368.45
Nearby Resistance is at 410.
Nearby Support is at 315 (Stop loss) also.
Targets will be:
1st Resistance Level where i will book half. (410)
2nd Resistance level 462.
GBPUSD: Important Breakout 🇬🇧🇺🇸
GBPUSD formed a high momentum bullish candle on a daily time frame yesterday.
That candle closed above a key horizontal resistance.
The broken structure and a major rising trend line now compose a contracting demand zone
- the area from where the next bullish movement will initiate.
Next resistance - 1.263
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EURUSD I Weekly forecast and swing trade opportunityWelcome back! Let me know your thoughts in the comments!
** EURUSD 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.
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EURAUD: Swing Long Setup Explained 🇪🇺 🇦🇺
EURAUD is trading in a long-term bullish trend on a daily.
After a correctional movement, the price formed a double bottom pattern with a higher low.
Its neckline went broken yesterday.
I expect a bullish trend continuation.
Goals: 1.66 / 1.671
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EURAUD I 100 pip swing coming soon I Watch and prepare 🎯Welcome back! Let me know your thoughts in the comments!
** EURAUD 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.
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CADJPY: Classic Bullish Accumulation 🇨🇦🇯🇵
CADJPY is trading in a bullish trend on a daily.
The price has formed an ascending triangle formation respecting 101.8 resistance.
I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area.
Daily candle close above will confirm a violation.
A bullish continuation will be expected to 103.0 level then.
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GBPJPY May Keep Growing! Here is Why: 🇬🇧🇯🇵
GBPJPY is trading in a bullish trend on a daily, perfectly respecting the boundaries of a rising parallel channel.
For some time, the price was respecting a wide horizontal supply area within the channel.
It was finally broken this week.
I believe that it may trigger a bullish continuation on the pair.
Next goal for buyers will be 168.7
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AUDNZD: Classic Breakout & Bullish Outlook 🇦🇺🇳🇿
AUDNZD broke and closed above a key horizontal supply area on a daily.
1.077 - 1.081 resistance turned into a demand zone now.
It looks like we see its retest soon.
A bullish impulse will be expected to 1.087 level then.
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CHFJPY: Bullish Continuation Pattern 🇨🇭🇯🇵
CHFJPY is trading in a minor bullish trend on a daily.
The price was accumulating for 3 weeks within an ascending triangle formation.
Its resistance was broken on Friday, we see its retest now.
I expect a bullish continuation to 148.3
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CADJPY: Classic Trend-Following Setup 🇨🇦🇯🇵
CADJPY broke and closed below a support line of a bearish flag pattern.
Taking into consideration, that the pair is trading in a bearish trend,
that violation may trigger a sell off.
I expect a bearish continuation to 97.05 / 96.1
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EUR/USD possible deep dig before reversal.My belief for this pair is that price will continue down into the stops of long consolidation periods in January and December. When I see long consolidations, I see very impatient participants. So far buyers been in heat from a down move that lasted 3 weeks. Price is reaching my levels. Truth is that the market may not care about my levels. And that's fine. Maybe it's not meant to be. All I know is that the closer it gets, the higher the probability of it hitting them. So I'm only interested if they are reached. When they are reached and worked down thru, I know that panic is ramping up and I'm paying attention to the large timeframe pattern. My drawing is an overall idea of how I think it will play out so
don't take it as a 1:1 ration prediction. I also approach this as a long and steady outlook. Price could easily collapse down but I think it's more likely that the low will be worked long and steadily. I'm not into what's going on with the news, what indicators are showing, whether price action looks weak or strong, and I don't do support/resistance lines. My predictions are based on what I perceive to be more financially adventitious for institutions and right now I see a ton of money below. When everyone is calling a bottom right at or near already established ''support'' my comfortability is much more deeper. FX:EURUSD
EURCAD: Important Breakout 🇪🇺🇨🇦
EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday.
1.441 - 1.446 is now turned into a demand zone.
I will expect a bullish wave from that area to 1.455 / 1.46 levels.
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CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY broke and closed above a solid horizontal supply zone on a daily.
The broken structure turned into a demand zone.
Probabilities are high that a bullish wave will initiate from that.
Goal for buyers - 101.0
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ASX 200 close to a swing low?The ASX 200 had a great start to the year, but has since seen prices pull back from tis YTD highs. Yet is we zoom out, the daily trend remains bullish overall, and prices during the recent decline appear to be corrective.
It's pullback has also found support around a cluster of support levels including the 38.2% Fibonacci retracement, 50-dy EMA, monthly pivot point and 7300 round number. And as RSI recently reached oversold and has since formed a bullish divergence with price, we see the potential for a rally towards 7500.
As US traders are set to return to their desks after the 3-day weekend, there is a reasonable chance of an 'up day' which could spill over to a positive start for the ASX tomorrow. Therefore, we're happy to enter the ASX long ahead of the close with a stop beneath this week's low, and initially target 7500.
EURJPY: Breakout & Bullish Outlook Explained 🇪🇺🇯🇵
So, this week, EURJPY broke a key daily structure resistance and closed above that.
We saw a positive bullish reaction from that on Friday.
Probabilities will be high that the market will keep growing next week.
Goals: 145.0 / 146.37
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EURUSD: Waiting For a Breakout🇪🇺🇺🇸
On a today's live stream, we discussed EURUSD.
The pair is currently consolidating within a narrow horizontal trading range after a strong bearish movement.
1.065 - 1.068 is its support.
I am waiting for its breakout (daily candle close below) to short.
The pair will most likely drop then.
Goal will be 1.053
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