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Tehchnical

GBP/JPY Short positionThe GBP JPY is experiencing a breakdown. What is certain is that this currency pair has room up to 149 to fall. As we see the last candle quickly nullified all the others in a negative sense, which we can conclude that the need for the yen is growing. My idea is that this pair will test and try to reach 149, which in this period can cause additional stress on the market and bring this pair below 149. Maybe up to 145. Keep in mind that this currency pair has a large volume of movement, so we must take into account the SL point. 1-3% of capital should always be risked. Any higher risk of 3 percent can seriously damage your account.
Short
by DM2365
TESLA BULLISH 1600BOLLINGER BANDS-Indicate that we are in the lower spectrum if the osciillation which leads to the price usually heading upward. Price is also hitting and hoovering around a famous 1433-1448 price range. If it breaks the 1448, we can expect a strong upward movement.Usually this is the region where institutional investors get involved. For more accuracy, add volume session to see if it makes sense Force index indicates that bearish movement had very low volume despite a 100 usd price drop. This means that the drop is not supported by many participants and therefore we should expect the price to head upward. RSI- was changed to 8 in order to reflect a short term movement. Despite that, we should also pay attention to the fan lines indicated in green. If the price does end breaking through all three lines, we will be in a strong close to 2000 price up trend.
NASDAQ:TSLALong
by AND_CAPITAL_LLC
2
USDCAD- Market structure. Last week USDCAD was in a counter trend pullback on a decline in oil prices. Price was in an ascending channel making higher highs and higher lows. A weak NFP report for USD caused the end of the rally closing the week at support and the bottom of the channel around 1.35. Start of this week price has already moved below the support making a new low at 1.34500 and bounced. A few scenarios to take place over the week are as follows and are related to the fundamentals of USD & CAD dollars and correlated mainly to the price of US Oil: Technical Analysis: There are 3 possible scenarios: 1) Oil up > USDCAD down. 2) Oil falls to support @ $46 then rises > UCAD rises to resistance at 1.35500 and falls (double top reversal pattern). 3) Oil continues to slide below $46 to $45 > UCAD tests the major supply zone (not yet tested), if Oil breaks these zones UCAD will start another uptrend making HH and HL. Fundamental Analysis: 1) Weaker dollar (Weak NFP, Weak Data, Lower chance of FED rate hike, geopolitical issues (terrorism), etc). 2) CAD news (news this week for CAD, should be better than previous news releases, waiting on pending data to be released.) 3) Oil prices (OPEC continuing to slash production for another 9 months, if oil inventories are continuing to fall Oil should rise). Trying to get oil back to $50/barrel.
by nick.trader4
Will EUR/AUD ever find a bottomEvery trader is d/f, some like to pick the turns, some play the meat of the trends, some a little of both. I tend to fall in the first camp. It is a painful camp to be in, you must be comfortable taking small losses before you get the turn right, if you ever do. The close today looks awful for the bulls. Though I know things usually look worse at turns. I am still looking for signs of a bottom, as I think the R/R favors the upside. I currently have no position.
by CalebDismuke