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Breakandretest

GBPJPY Upside PotentialHey Traders! 👋 For Day 20/100 of our challenge, we will look at GBPJPY upside potential this week. Technicals - Expecting a simple break and retest of 172.5 pivot zone - Aligns with support zone + 62% fib - Target is at 175 Fundamentals - Expecting GBP to gain some strength on the back of positive UK data and optimistic pricing in of BoE hikes - JPY to remain on pressure as BoJ remains dovish policy stance and a few more ways to go before considering shifting
Long
by rob_WRLD_
Gold Downside Potential👋 Hey Traders! For Day 11 of our 100-day challenge, we're looking at XAUUSD/Gold downside risks. - Major support at 1980 was broken last week - Made a low at demand/support zone - And now we're retesting 1980 area as resistance We're looking to go short around this area if LTF gives clear sell signals. We're looking to re-target 1955 recent low. SL could be above 1995 (conservative). Purely technical analysis, fundamentals have not been considered on this trade idea. See you guys tomorrow! 👋🥂
OANDA:XAUUSDShort
by rob_WRLD_
Possible BUY on AUDNZDbreak & retest on a higher time frame. I've looking at this trade since Friday & it may play out in our favor. We're looking for a strong bullish rejection candle off of the golden zones. via 50,61 fib. Once it gives the right confirmations, I will enter for a buy & take this trade up to my extensions. If we get that confirmation candle, enter from the 50 & place SL right below 61 on fib. if it rejects from 61, we place a SL right below it as well, probably 20,30 pips.
Long
by YDILLC
Gold -> Time For New All-Time-HighsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold is about to retest its previous all-time-highs exactly at the TADAWUL:2080 from which we already had two previous bearish rejections away towards the downside. You can also see that weekly market structure is still massively bullish, so I am now just waiting for another weekly retest of the previous all-time-high before I then do expect another short term rejection away towards the downside. On the daily timeframe you can see that Gold just retested the previous daily resistance area, now turned support so I just do expect more continuation towards the upside to retest the TADAWUL:2080 area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
51
Ethereum -> Finally The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum just recently perfectly retested and already rejected the previous all-time-high of the 2018 crypto cycle. You can also see that we are approaching a massive HKEX:2000 area resistance, however I do expect Ethereum to break above the resistance and then just create more continuation towards the upside. On the daily timeframe you can see that Ethereum already broke above a previous daily resistance area exactly at $1700 so I am now just waiting for a deep retest and some confirmation before I then do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
37
Tesla -> Preparing The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Tesla just recently had a rally of about 100% towards the upside followed by a healthy short term correction. As we are speaking, Tesla stock is starting the next impulse towards the upside, you can also see that we have the potential to create an inverted weekly head and shoulders so I just do expect more continuation towards the upside from here. On the daily timeframe you can see that Tesla stock is over and over again retesting the daily resistance area at $200 so I am now just waiting for a break above the resistance and a retest before I then do expect the next rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
46