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DROP

Could we see a drop soon?As we saw $695 on the TSLA chart a few days ago, a S&P 500 inclusion has helped develop a new uptrend channel for TSLA. While we have seen this channel hold so far, we have a couple catalysts on the horizon specifically Q4 delivery numbers and stimulus boost. For this channel to hold TSLA must remain above $630. A drop below and we could see as low as $540. Considering the current price action to be weak, TSLA also has a history of consolidation and breakout patterns over the last couple months. That being said TSLA just broke out to new highs last week and could see a drop before more consolidation. Keep an eye out for the near term support and look out for more news. TSLA is a stock that has defied technical analysis before and could do it again. But if looked at closely, both sides can be played very well. Trade responsibly!
NASDAQ:TSLA
by UnknownUnicorn10016235
XAUUSD DropGold is still moving in a downtrend channel overall, new lower highs are being created, but what's interesting is this last touch. On the 4H chart we can see clearly that a H&S pattern has formed and if we scale down to the smaller time frame we can see that more lower highs are being made in the right shoulder, the moment price breaks structure, pullbacks and creates a nice entry signal we can enter. The drop could see some pressure on the untested demand zone and if it breaks it we can see a lot of liquidity there and a possible drop to for a new lower low.
OANDA:XAUUSDShort
by AvramovFX
Let's short the AUDNZD - Naked intraday trade idea---> THIS IS A NAKED TRADING - NO INDICATORS <--- High probability Sell trade idea, for the downtrending general movement. The stop loss cover the previous low and the take profit is at 1:2.5, which is an easy target but you can easily extend if it breaks the support. PROFIT MANAGEMENT/TRADING PLAN: At 1:1 - Take 50% Parochial Profits & move to Break Even At 1:2 - Take 25% Parochial & move Stop Loss to 1:1 At 1:2.5 - Take 25% Parochial OR extend your profit target & move the Stop Loss to 1:2 HAVE A NICE WEEK & HAPPY PROFITS
Short
by MONEYMAKER00
1
It's time to short the EURUSDHere as you can see the market hit the top ( supply zone ) for the third time & it got rejected by the sellers pressure. It's the best time to SELL the EURUSD, so DON'T MISS THE OPPORTUNITY ! ! CONFIRMATIONS: 1. --> STRONG REJECTION ( Sellers react when the price goes to the top). 2. --> DXY CORELLATION ( DXY-USD currency index it shows signs for a bullish move, that means the opposite for the EURUSD ) 3. --> CORRECTIVE MOVE ( As you can see the market hit the top with a corrective move, which means no big bullish volume . 4. --> PRICE ACTION ( Multiple indecision candlesticks at lower timeframes). ---> Watch if the market goes closer to the top for a better entry but with this stop loss it covers the top plus 5 pips. WHERE SHOULD I PUT MY STOP LOSS? You need to put your stop loss 5 pips above the supply area/top. WHERE DO I TAKE MY PROFITS? You need to have a trading plan the moment you enter the trade. In my opinion at 1:1 move on Break Even and at 1:2 take 50% parochial profits & at 1:3 the rest 50% OR extend your target ( IF price actions is in your favor)
Short
by MONEYMAKER00
2
analysis NAS100hello here are the update on Nas100 to the downside, woah that was quick now lets wait for it to go down to the targets. Give it patience to make a pattern. There are multiple entries for you guys. Don't forget you only need 20 pips to 50pips to be profitable. Also always give your trade stop loss some space to breathe so it would not tap and shot to the direction you have predict. A tip is a put your SL above your LH (aka my fib of 100%%) or below your HL. Thank you for reading!
OANDA:NAS100USDShort
by MonaySess
NZDUSD: Wait for the touch to supply area for SHORT positionMAIN IDEA: The main idea is to SHORT the rallies, SELL the top. Here we have 2 possible scenarios on NZDUSD after the ASCENDING CHANNEL pattern: Scenario 1: The market will go to re-test the supply zone at (0.6945-0.6975) and it will immediately drop down because of the strong sellers pressure caused of the resistance at old highs ( 2018 - 2019). Scenario 2: After the drop of the touch on the supply area (0.6945-0.6975) the market is trying to form a HEAD & SHOULDERS pattern for a further drop to re-test the support, which was resistance. --> To conclude you have 2 possible options: Either you see a Head & Shoulders pattern, which if you don't know how it looks like go to my profile and see, I have a very analytical explanation for H&S pattern OR wait for the corrective move to the supply area and SHORT the position from the highs and put your STOP LOSS at around 0.6985. --> This trade will offer you a very nice opportunity with a very good risk to reward. --> Watch lower timeframes (1H & 4H) for the price actions signals, so you know when you can extend your take profit target or when you should close your position.
Short
by MONEYMAKER00
XAUUSD Droped Nicely From 1895Hello Traders! Congrats on the profit In my previous post, I told you to sell from 1894.40 and it dropped from there perfectly. I hope you caught the trade at the correct time. The 1894.40 figure that I gave is derived from another strategy. Like My J pattern strategy, I will reveal it soon. These are the real money-making strategies. Our first Target is 1800/1810 after that we will aim for 1700 and after 1700 it's a perfect buy. All the trades are already ready we will just buy and sell at the correct time. Good Luck traders. If you want me to keep posting good trades then hit the like button. Previous post
FOREXCOM:XAUUSDShort
by Aadil1000x
4