As title states, Tesla is at a demand, S/R zone. Should we begin seeking long opportunities to our prior supply zone which would complete formation of a double top at resistance? With just under 100% to gain, risk to reward is most favorable now if you ask me!
Confluence of fundamentals are essential before placing any order. Standby for Elon to save the day, not...
With clear formation of a double bottom and price rejection our confirmations have been ticked.
We would want to seek entries upon retest or around R15.50 via pending order to swing to the upside.
Fundamentals are directly relate to this, essentially a positive NFP will bring in massive bulls and vice versa - Trade with caution.
All the best.
ETHUSD is currently sitting on it's demand zone or support in the region of 1444.
My perspective is that we should anticipate an impulse to the upside or at least to supply zone or resistance of 1777.
Inflation rate hikes could act as a catalyst to this bullish move!
Standby for further confirmations.
We will seek entries closer to NY session, amidst stat releases.
BUY entries upon bullish engulfing as usual, HL's etc.
I'd consider BUY stops or market execution above 12700.00 - Not sooner as precaution due to the further testing of the downside as we do have negatives on US Tech at the moment along with a major timeframe head and shoulder...
MAJOR BUY LOADING ON XAUUSD, PENDING STATISTICS OF NFP AND UP WE GO. NEXT WEEK SHOULD BE THE BEST WEEK FOR GOLD IN A LONG, LONG TIME
SEEK BUYS UPON 1650 REGION, OR BULLISH CONFIRMATIONS AS PER INVERTED H&S
ALL THE BEST
ANTICIPATION LEVELS THROUGH THE ROOF
Long term outlook on XAUUSD - Inverted H&S to the upside!
No FOMO. Let's standby for NFP as it may act as he catalyst we've been waiting for.
16XX here we come, thereafter to the moon. 2K without a doubt.
No luck needed with this one. All the best
Looks like technicals and fundamentals are working hand in hand for NFP
As with Gold, we remain buy biased, likewise with BTC we remain buy biased - However, you cannot ignore the short opportunities that have prevailed!
As per previous analysis, our overall bias is LONG on XAUUSD once our BUY zone is reached.
Today's forecast should take us to the 1700.00 price region at minimum.
NO FOMO - Patience is a virtue. Lets wait on those BUY orders between 1690 - 1650!
Keeping it simple, as you can see we've reached the top of the channel with clear signs of rejection, NFP could be the catalyst we're looking for to fuel this trade to the downside.
Entries upon LH's, thereafter on pullback's in London - NY sessions.
All the best
Good day Tradingview,
Great possibility on XAUUSD , minimal risk, major reward - However, do remember, patience is a virtue.
As we approach NFP week, it's advised to be cautious as we would want to only go long after our desired, further push down, to 1690.00 and possibly even to the greater 1650.00 region. Additionally, fundamentals are required to tally with...