Confluences: -enter on the retest of the break of consolidation -broke out of the downward channel -weak DXY -strong bullish momentum to break the box
Confluences: -Price broke and is consolidating on a zone -Tried to break once but went back in the consolidation range -Dollar (DXY) is bearish and is breaking through a zone so more weakness from the dollar is expected. -Now Ill be waiting on a break, retest and continuation before entering
Confluences: -Price broke previous ATH with strong momentum from the Tesla news -Price broke countertrend line -Bullish price strucutre -I will wait for the 38.2 fib retracement above the 40k support line Take profit: -61.8 extension (aligns with 60k) Stop loss: under the 61.8 extension Overall good risk-reward
Confluences: -Downward channel -Price will be near a zone -Will look for continuation and a lower high being formed before entering on the 30 min or 1 hour candle -the dollar will still be strong for at least a week or two (as seen from the dxy) so my bias will be short for swing trades like this. I will keep this updated if and when ill take a trade
EUR/USD has formed an inverse head and shoulder, broke through a major level, consolidated, rejected off the 38.2 fib level. What i am waiting now is for a retest and then I will hope on this trade. My bias for the dollar is short and for the euro is long as of now. Ill keep you guys updated!
-Consolidated in the 20-30 range -Broke out of it with a STRONG momentum, -Retraced to the 30 (major support now) -Stop loss under 30 and 71 extension -Take profit respecting the fib, can take partials along the way. Fundamental news, Q4 earnings coming out soon.
Disclamer: I am extremely bullish on tesla, I have been a shareholder of tesla since 800 dollars pre split and I am planning on adding more due to the Q4 conference call and all the bullish catalysts that will occur in the near future (2021). Considering that the stock is in a consolidation after a big push, I'll scale in at 840, 810 and 750. Short term I don't...
Confluences: -Broke all time high with a lot of momentum -Retraced to the 78.6 line of the fibonacci -Shows signs of continuation and now it created a bullish momentum candle (in the daily time frame) -Great Earnings -Staying above the 135 support level and rn it's near the golden zone Stop loss: under the 78.6 level Take Profit: 61.8 extension level at 156
3-4 weeks range, low risk high reward. Italy right now is closing again from a rise in covid cases. With the economy at the crisp of closing, the index will take a hit.