Wait for retest of previous resistance for it to become new support.
Entered the supply zone + resistance rejection - looking for a repeat of previous price history here to catch some pips on a short
Will be looking for shorts this week. Keep it simple.
My point of interest will be the red box I have marked. Remember guys always use strict rm when trading XAUUSD.
I am short on USDCAD - I explained in detail the idea behind the trade in my members telegram chat. Yellow zone = previous gap. 0.718 retracement complete. Wait for break of support.
I trade Forex - but have been tracking Tesla's growth and performance since its launch and I can go on and on and on as to why we will see share prices hit big levels - but for now I would certainly wait for a better buying price point before getting in and holding out for the long term.
Potential inverse head and shoulders pattern forming. I may look for buys and hold up to the neckline , take partial profits and wait for a break.
This could set up for a nice trade with a great r:r
I will attach the link to my prev analysis - price broke trendline and tested resistance as I had listed as a possible outcome. I will be looking for signs of rejection from this resistance level or a possible sell from a 0.618 fib retracement. Remember let the candle patterns form and choose your entries wisely. Happy trading everyone!