Tesla - This Is Still Not Bearish!Tesla ( NASDAQ:TSLA ) is stuck between structure:
Click chart above to see the detailed analysis👆🏻
Tesla continues to consolidate in the long term descending triangle pattern. Following previous price action, a bullish breakout is much more likely but Tesla is still trading below the trendline resistance. A potential bullish breakout will be followed by an incredible rally and new highs.
Levels to watch: $160, $230
Keep your long term vision,
Philip (BasicTrading)
Trianglebreak
Microsoft - Correction Is Not Over Yet!Microsoft ( NASDAQ:MSFT ) can still drop a little lower:
Click chart above to see the detailed analysis👆🏻
It seems like the correction on Microsoft is not over yet and following previous price action and market structure, a move back to the previous triangle breakout level seems to be quite likely. However Microsoft still remains in an overall bullish market so looking for long setups is best.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9086
Target Levels:
1st Support – 0.9045
2nd Support – 0.9025
Stop-Loss: To manage risk, place a stop-loss order above 0.9115. This helps limit potential losses if the price falls back unexpectedly.
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Buy GBP/CAD Triangle PatternThe GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.7740
Target Levels:
1st Resistance – 1.7794
2nd Resistance – 1.7820
Stop-Loss: To manage risk, place a stop-loss order below 1.7705. This helps limit potential losses if the price falls back unexpectedly.
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Buy GBP/NZD Descending TriangleThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2.1057, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2.1167
2nd Support – 2.1231
Stop-Loss: To manage risk, place a stop-loss order below 2.0973. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Sell Gold (Xau/Usd) Ascending Triangle in H1The XAU/USD pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Ascending Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2513.
Target Levels:
1st Support – 2485
2nd Support – 2461.50
Stop-Loss: To manage risk, place a stop-loss order above 2530. This helps limit potential losses if the price falls back unexpectedly.
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Best Regards, KABHI FOREX TRADING
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XrpUsd - Please trade this triangle!BITSTAMP:XRPUSD is again rejecting the triangle formation - time for a bullish breakout!
Just one month ago, I told you that XrpUsd is preparing a bullish rejection and a triangle breakout followed by an insane bull-market. So far this is playing out exactly as predicted and XrpUsd is outperforming 95% of all other cryptocurrencies. Please just listen to me and take a look at the triangle pattern. If it breaks then we can see a similar rally as we saw back in 2013.
Levels to watch: $1.00
Keep your long term vision,
Philip - BasicTrading
Buy Gbp/Usd Bullish FlagThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.3100, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3171
2nd Support – 1.3207
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Best Regards, KABHI FOREX TRADING
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Buy GBP/CAD Bullish Pennant The GBP/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Pennant pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.7705, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.7763
2nd Support – 1.7796
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Best Regards, KABHI FOREX TRADING
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Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon:
Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs.
Levels to watch: $230, $400
Click chart above to see the detailed analysis👆🏻
Keep your long term vision,
Philip (BasicTrading)
Sell USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8640
Target Levels:
1st Support – 0.8602
2nd Support – 0.8570
Stop-Loss: To manage risk, place a stop-loss order above 0.8686. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
ORCHPHARMA Giving a Strong BreakOutOrchid Pharma Ltd. engages in the development, manufacture, and marketing of diverse bulk actives, formulations, and nutraceuticals. Its products include cardiovascular, anti-diabetic, neuropsychiatry, nutritional supplements, cephalosporins-orals, cephalosporins-injectables, veterinary products, and non-antibiotics. The company was founded by Kailasam Raghavendra Rao on July 1, 1992, and is headquartered in Chennai, India.
Can Keep
Stop_Loss - 1,400
Target_1 - 1,625
Target_2 - Trail With 20-EMA
SERVOTECH Giving a good Break-OutServotech Power Systems Ltd. engages in the manufacture of LED lights and solar products. Its products include solar home lighting systems, integrated solar street lights, and PV ports. The company was founded by Raman Bhatia on September 24, 2004 and is headquartered in New Delhi, India.
Stop_Loss - 120
1st_Target - 145
2nd_Target - Trail with 20EMA
Tesla - It was a clear fakeout!NASDAQ:TSLA just confirmed a false breakout and is now reversing towards the downside.
Being able to only read price action properly can already make you a profitable trader. Tesla was attempting a triangle breakout last month but closed with a significant bearish wick. Therefore this is considered a false breakout and Tesla will head lower over the next couple of weeks since it is still trading below the resistance trendline. This was just pure price action.
Levels to watch: $160, $120
Keep your long term vision,
Philip - BasicTrading