Tesla is hitting weekly high, and formed a bearish bar. It's fundamental news is still good, but technically speaking, it's facing a very strong resistance. So need to wait for more information.
If scared of it getting back to weekly support, we can take the profit off the table and waiting to buy back at weekly support, or when it breaks weekly high.
APPL had formed a triangle and successfully broke it recently. According to it's previous records after triangle breaking, there is a high chance of it going north again. Looking to long it.
WTI found support previously at 66.42, and now it's coming down to test it again.
We have the confluence of trend line and horizontal line in that area, so we will be waiting for signal there to long. If no signal, then we remain neutral.
GBPUSD Daily chart found support previously and bounce back up after that. Last week, though all the other pairs like EURUSD, AUDUSD were dropping heavily, GBPUSD had a slight retrace, showing that there are many buyers in the line.
Looking for a chance to long GBPUSD next week.
Bitcoin has found support at H4 or H4 timeframe and formed a very nice rejection candle. Currently not much bear momentum to push the price downwords but correcting the previous push. We could see higher price in the coming hours.
On Daily chart, GBPUSD has just broken the decending wedge and also formed a very bullish candle on Weekly chart. For this coming week, we can see more highs of the price after a slight retracement. Watching closely for opportunity to buy.
The EURUSD had just broken a very important resistance on Daily chart and is still very bullish. Now it starts to retrace back to 50MA or prvious support. We can wait for buy signal near the support area in this coming week.
After the dramatic fall last week, XAUUSD is forming a potential Head and shoulders patterns a the buttom. If it breaks, it will rally to previous H1 support. Then we can watch carefully for opportunity to short again.
On daily chart, Gold is in a channel climbing up. It recently adjusted with a channel down. Now Gold is at the conjunction area of those two channels, which is very crictical area. Once it can hold, we will be able to see a leg higher soon.
