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USDJPY - After the calm comes the storm - Breakout ideaHi Traders! As you can see the market is in a downtrend. The market is respecting the trendline which is coming from above. The second area the price gives value is the support at 107.300. The third thing you should consider is the 200 EMA, which is also above the market. In addition, the market is in a consolidation - ranging in the 1H timeframe. The support is getting weaker and weaker. Why? Because: The more the price tests a level, the weaker the level gets! How do we know there is calm in the market? If you look to the volume indicator at the bottom of the chart, you'll find out that it is decreasing. If you weigh out all these information together, you'll get the result, that the market is shortly before the breakout. We recommend to sell the breakout with a confirmation (retest). Thanks and successful Trading :)!
Short
by swissmoneymakers
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!---------------------------------- Support and Resistance explanation: Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof. The market then moves lower, having reversed, back to the floor, where it consolidates. The concept of Support and resistance is important for a number of reasons. --> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s. It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
NSE:EICHERMOTEducation
by Trade-Technique
71
Will Market Weakness hold back $TSLA?Ticker: $TSLA Date: 2/23/2020 $TSLA is holding on extremely well amid market weakness on Thursday and Friday. Potential cup and handle pattern that could play out in these upcoming days. We closed with an inside bar on Friday, with the HOD of 913.03 and LOD of 880.45. Those price will be crucial in making my entries for long or short, depending on how we break. If we break bull, we need to break $944.78 to start this cup and handle pattern. If we break bear, I would just wait. I would also watch the correlation between Tesla and the market closely. This CoronaVirus (COVID-19) is all over the headlines and is driving the market down. If that is the case in these upcoming days or even weeks, I would think that the overall market has underestimated the effect of the virus and the impact it has on businesses.
NASDAQ:TSLA
by DerekTradeEZ
XAUUD short Big Drop (Trend Line, Supply Demand)Hello Traders ! Nice Gold Setup. We have seen Gold broken the Trend Line. Now it is at the Retest and there is also a Supply Zone. I expect the price to drop till the next Demand/Support Level. Keep in mind to watch Price Action as always. Confirmations: 1) Trend Line break and retest 2) Supply Zone Let me now in the comment section below your view on XAUUSD and what you think about my Analysis. Please leave a Like Thank you and we will see next time - Darius.
OANDA:XAUUSDShort
by DariusFxTrading
6