TSLA price has broken out from a 6-months ranging inside a descending channel.
On top of that, price has steadily climbed along SMA20 and made a bullish cross over SMA50.
This had given further confirmation on a new uptrend which started in early June.
Taking the price level at early June as the swing point low stoploss, this trade would give a decent risk...
NVDA has formed a perfect double bottom on the weekly and daily TF.
Semiconductors are performing well after truce between US-China trade wars.
Enter at current price for a nice 1:3 risk-reward ratio, or wait further retracement towards major support of 120 for a much bigger risk-reward.
Here is a chance to short the obvious for a 300 pips target.
CADJPY has been following the same wave/pattern/channel for quite some time.
Its a no brainer to short this as the odds of it going south for 300 pips is very high.
But if things go the opposite direction then its very unfortunate for us, as there is no reason for it to behave differently this time around.
EURJPY is entering a kind of ascending wedge pattern.
Target profit of around 100-120 pips for now.
Always Keep It Sweet n Simple, KISS.
Just embrace the most obvious pattern, while maintaining a good risk management.
EURJPY has been doing lower highs and lower lows for quite some time, and the next big trend will be established only after breaking either...
Straight after completing ABC correction, GBPJPY entered a triangle and broke the support afterwards.
From this level, you can see a potential 700 pips shorting opportunity towards the bottom of a longer period descending channel.
ADBE just had a positive ER for this quarter.
This stock gapped up after earning report, filled the gap a few days later as a result of profit taking.
ADBE has managed to hold above resistance-turned-support line in the mid of bloody red market after Trump's China Tariff tweet.
It will most probably bounce higher for the next few weeks.
Upper Descending channel have been broken after a few tries, and going for a return move (finding back the upper channel line as a support).
Aggressive traders can wait till it bounces back on the upper channel, and long term buyers can start accumulating from here before adding more later once the price movement is confirmed.
Stochastics shows that it is...