Now that the Tesla bears have successfully taken down the stock’s 1-year old external low/support, price can go sideways in days to come.

To end my Finlogix analysis this Wednesday, I’m updating a new one for the Tesla stock.

My short swing trade has finally exited in profit targeting April 2023 lows as I have foreseen!

https://www.finlogix.com/analysis/20240314/tesla-intraday-analysis-and-trading-plan-for-march-14-2024

The stock market is subject to moderate to heavy volatility with 4 remaining American major economic data to be released on Thursday and Friday respectively.

Re-assessing Tesla’s high timeframe candles:

Yearly Candle: Last check is an Imperfect Red Marubozu now a Red Body with a Longer Tail Wick

Monthly Candle: Previous close is a Red Body with a Longer Tail Wick current is also a Red Body with a Slightly Longer Tail Wick

Weekly Candle: Previous close is a Red Body current is a Green Body with a Longer Head Wick

Daily Candle: Both the previous close and current are Green Spinning Top

The total bearishness from yearly down to the daily candles’ analysis in my previous article might temporarily ease down as the stock's price is trading below its 1 year old support!

Who knows we might see some consolidation in this new lower range soon.

Tesla as a stock company continues to weaken fundamentally but new investors can be attracted to buy in.

I like the current swing low structure, the fall since July 2023 looks complete!

However if the current weekly candle closes above the 150 next week, it can be a good sign for a price recovery.

Still not out of the bear woods just yet.

However, if price has found bottom already from the stock’s 1 year support, then the next resistance levels should be 150-160 range.

I’m going to set a long position at the current 4H candle’s pullback with a stop loss below intraweek’s low while targeting the 160 level.

There can be further price falling but I have already set a safe stop loss.

If bottom is in for the Tesla this year, then this buy position can be rewarding in the long run!

May is fast approaching and a confirmed double monthly bottom can commence a price recovery.

All trade ideas I share are my own views and for my own trades only.

Copy trading and trading directly involve risks.

Tesla Intraday Analysis and Trading Plan For April 24, 2024

The recent and massive sell side liquidity sweeps under February lows have temporarily sent the NAS100’s price higher back to its key level of FVG.

As a result, my April 16 long trade plan has exited in a loss:

https://www.finlogix.com/analysis/20240416/nas100-intraday-analysis-and-trading-plan-for-april-16-2024

Still awaiting the 4 remaining American major economic data out this week.

Markets’ volatility remains elevated this mid week.

Re-assessing NAS100’s high timeframe candles:

Yearly Candle: Still a Green Spinning Top since last check

Monthly Candle: Still a Red Body since last check but with a Longer Tail Wick

Weekly Candle: Previous close is a Red Body with a Longer Head Wick current is a Green Body with a Slightly Longer Tail Wick

Daily Candle: Previous close is a Green Body with a Longer Tail Wick current is developing a Green Body

The sell side liquidity levels that are residing under February 22nd and 1st  external lows were taken out or got swept back to the FVG's range!

The NAS100 index is clearly trading in a down wave where selling setups are more favorable.

Now that the price is trading back to the recently fully retraced FVG mentioned in my previous analysis, I think there is a possibility to re-test the Lower Low trendline’s channel first before another big drop.

I might be wrong here but we’ll see as the current weekly candle is trying to make a bullish engulfing!

I should have shorted the index in my last trade plan but what’s done is done.

Now that we can see NAS100’s down trend channel clearly, I will short the index at current levels if the FVG where the price is right now becomes a sell order block.

I set the stop loss at the LL channel’s territory just in case a breakout occurs back to the lost channel.

Meanwhile, I set the take profit level at the potential pullback soon.

Good luck on this new trade plan and analysis.

I will keep you posted on the next price development.

NAS100 Intraday Analysis and Trading Plan For April 24, 2024

The 1.15 level remains a strong resistance after a twice rejection in April sending GBPCHF to a new price correction.

To start today’s Finlogix analyses, I am including the GBPCHF in my growing cross pairs list.

There are 2 British major impact data releases that have been released yesterday while there is none for Switzerland.

Assessing GBPCHF’s high timeframe candles:

Yearly Candle: Current is a Green Body with a Longer Head Wick

Monthly Candle: Previous close is a Green Body with a Longer Head Wick current is a Red Semi Doji

Weekly Candle: Previous close is a Red Body with a Longer Tail Wick current is a Green Body with a Longer Tail Wick

Daily Candle: Yesterday close is a Green Body current is Developing a Small Green Doji

The GBPCHF has rebounded strongly after a 2 year slump.

After 3 consecutive green month candles, the cross pair has finally hit its new summit and come up short below the 1.15 level resistance.

The current monthly candle is already forming a red semi doji which suggests that both price correction and sideways action can happen.

During the first 2 weeks in April, price has been halted from continuing going higher giving the sellers some selling opportunity creating a new local low on Friday.

This new swing low in return has offered new buy positions sending the cross pair higher again.

Intraday candle threatens to expand thus giving a possibility for a new bullish FVG creation that might re-test the April highs.

Buyers seem able to regain the 1.1320 to 1.1360 range after last week’s drop.

Even if there's a 4H FVG supporting a bullish instance for the cross pair, I will still short it since it’s in a correction down wave now after the 1.15 rejection.

Here’s my simple sell orders entering at the current reclaimed range with a stop loss at April 15 swing high order block and a quick take profit target at the new 4H FVG’s retracement:

This will be a quick short trade if it gets triggered!

GBPCHF Intraday Analysis and Trading Plan For April 24, 2024

The EURJPY’s intraday swing high move has broken its local lower high trendline.

To end my Finlogix analysis today, I’m sharing a new one for the EURJPY pair.

Yesterday’s short trade plan has triggered a stop loss:

https://www.finlogix.com/analysis/20240422/eurjpy-intraday-analysis-and-trading-plan-for-april-22-2024

An updated 1 win and 5 losses overall record.

More than an hour ago, both the French and German Flash Manufacturing and Services PMIs were in mixed results but sent the Euro higher against the Japanese Yen.

Meanwhile, there are 4 major Japanese economic reports due on Friday.

Re-assessing EURJPY’s high timeframe candles:

Yearly Candle: Still a Green Body since last check but a Diminished Head Wick

Monthly Candle: Still a Green Body with a Longer Tail Wick since last check

Weekly Candle: Previous Close is a Green Body with a Longer Head Wick current is a Small Green Body with a Longer Tail Wick

Daily Candle: : Friday close is a Green Long-Legged Long Lower Shadow current is a Green Body with a Longer Tail Wick

The Euro keeps on scoring new highs extending its 16-year surge against the weaker Yen. The currency markets are eyeing the upcoming BoJ policy rates and let’s see how the Yen performs till then.

The latest lower high trendline breakout has given the EURJPY more chances to extend its on-going up trend.

The cross pair has triggered volatility after the mixed French and German PMIs came out resulting in an intraday swing high move 2 hours ago!

To further validate an up trend extension, the EURJPY bulls should flip the LH trendline 1st swing high order block from March 20 to 21 into an immediate internal support.

This area is the first local high of the said trendline and strong buy order blocks should be seen here to help send the cross pair higher.

Price must also stay above 165 in tomorrow’s daily closing.

It was another good attempt for me to short the cross pair yesterday with minimal loss.

Based on the recent price action, I’m going to change my trade instance to a buyer.

My plan is to set a limit buy order on the possible pullback towards the 1st swing high of the broken LH trendline as an order block.

I’m targeting for a 2.33 RRR score with a minimal stop loss below the 4H candle that has started the breakout.

For now the 165 level is a key price level that must be flipped into an immediate internal support.

This is one of the reasons why I long for EURJPY now.

EURJPY Intraday Analysis and Trading Plan For April 23, 2024

The 0.56-0.57 order block has been re-tested and rejected in yesterday’s rally continuation. Now acting as XRP’s new internal resistance.

After a strong and resilient buying presence last Friday, I have scored a new win for my April 15 long trade:

https://www.finlogix.com/analysis/20240415/xrp-intraday-analysis-and-trading-plan-for-april-15-2024

A new overall record of 7 wins and 8 losses.

Another heavy data week in the US with 7 major economic reports scheduled this week starting on Flash Manufacturing and Services PMIs tonight.

Last week, the US Dollar printed a new 62-day high extending its up trend to 45 days.

The crypto markets in general are expected to consolidate their gains as we head to the mid week.

Moderate to high volatility is still observed throughout the week.

Re-assessing XRPUSD’s high timeframe candles:

Yearly Candle: Still Red Spinning Top since last check but with a Diminished Body

Monthly Candle: Last check is a Red Body with a Longer Tail Wick now a Red Long Lower Shadow

Weekly Candle: Previous close is a Green Semi Hammer current is a Green Shaven Bottom with a Very Short Tail

Daily Candle: Previous close is a Green Body with a Longer Head Wick current is developing a Red Body

The 0.75 resistance is still out of the picture for now.

Weekend’s price action has successfully broken out from the bearish 0.42-0.52 range!

However, the previous supporting 0.56-0.57 order block is now acting as the immediate internal resistance and it seems buyers are cooling down for the day.

Although XRP is expected to find bid orders from the missing long buyers, yesterday’s rejection at the OB might not be re-tested as price is going lower as I write this analysis.

The bearish daily FVG formed last April 11 to 13 is threatening to spoil new long positions.

Latest developments between the Ripple and SEC on-going legal battles suggest the former must file its opposition brief by April 22 and a redacted version by April 24 while the latter must file its reply brief by May 6.

The bigger resistances beside 0.75 will be the 0.60-0.62 levels.

But the XRP bulls are already facing problems with the flipped S/R 0.56-0.57 OB through the 4H pin bar candle!

With the bearish daily FVG still in play, I have already missed the optimal short entry so I will open a new long position towards XRP’s discount arrays assuming a new price correction has already started.

The entire cryptocurrencies including XRP have just enjoyed a Bitcoin post-halving rally.

Still not out of the woods yet from the angry and mad bears waiting anxiously.

XRP Intraday Analysis and Trading Plan For April 23, 2024

The EURGBP has successfully breached its 17-week old bearish FVG. Latest swing high is formed but bearish engulfing threatens a correction.

To start today’s Finlogix analyses, I am updating a new one for the EURGBP cross pair.

After holding for 6 hours only, yesterday’s short trade has exited quickly in a loss:

https://www.finlogix.com/analysis/20240422/eurgbp-intraday-analysis-and-trading-plan-for-april-22-2024

This lands my loss this year. A 1-1 win-loss record overall.

There are 4 European and 2 British major impact data releases this afternoon. All Flash Manufacturing and Services PMIs.

Expect the markets to be in moderate to heavy volatility.

Re-assessing EURGBP’s high timeframe candles:

Yearly Candle: Last check is a Red Hammer now a Red Long Lower Shadow

Monthly Candle: Still a Green Body since last check but with almost Equal Head and Tail Wicks

Weekly Candle: Still a Green Shaven Bottom since last check but with a Longer Head Wick

Daily Candle: Yesterday close is a Green Shaven Bottom current is Developing a Green Doji

Yesterday’s rally has printed a new 15-week high and breached EURGBP’s 17-week old FVG but a pullback has occurred.

My call yesterday for a potential weekly double top pattern has been invalidated.

The cross pair is expecting to re-test previous day’s high but in the 4H view, I have spotted bearish engulfing candles through the latest swing high.

This pattern can limit EURGBP’s intraday upside potential that can lead to a minor to moderate price correction.

So my minimal stop loss inside the 17-week FVG has been caught in yesterday’s rally.

However, with the presence of the bearish engulfing candle, I maintain my selling instance for EURGBP.

If proven that the EURGBP has reached its maximum high this week, then the current narrow consolidation range can further print more bearish candles in the 4H chart.

For now, the cross pair is still sitting in shortable premium areas.

This time, I’m aiming for a 50-60pip move down with the following new sell orders:

Entering again through the current narrow consolidation range with a minimal stop loss and a handsome take profit setup.

Hoping that the 17-week old FVG is still a strong supply area to start a correction for EURGBP.

Let’s see how this trade plan goes and good luck!

EURGBP Intraday Analysis and Trading Plan For April 23, 2024

EURNZD’s strong 4H 200-SMA support has negated a bear crossing move last week.

As a result, my April 10 short trade plan’s stop loss level got hit with just 9 hours holding time:

https://www.finlogix.com/analysis/20240410/eurnzd-intraday-analysis-and-trading-plan-for-april-10-2024

There is no major economic release in New Zealand this week.

Meanwhile, there are 4 European high impact reports tomorrow, the French and German flash manufacturing and services PMIs.

The Shared currency is still strengthening against the Flightless Bird.

Re-assessing the EURNZD’s high timeframe candles:

Yearly Candle: Still a Green Body since last check but with a Longer Head Wick

Monthly Candle: Previous close is a Green Body with a Longer Tail Wick current is a Red Body with a Longer Head Wick

Weekly Candle: Previous close is a Red Semi-Doji current is a Red Body with a Slightly Longer Head Wick

Daily Candle: Previous close is a Red Body with a Longer Head Wick current is a Red Spinning Top

Yearly candle structure remains bullish with the intentions of testing 2023 highs.

Last week’s swing high on Friday has further extends EURNZD’s April gains invalidating a monthly double top pattern!

This latest swing high will be a new reference point to where the pair is heading next.

Earlier’s intraday dips were recollected by the strong 4H 50-SMA and hinting for a silver crossing move.

On the contrary, if weaker Euro PMIs come out on Tuesday, a sell-off for the Euro commences.

I am betting in favor of weaker Euro PMIs tomorrow therefore I am shorting the rally attempts today.

Based on the latest price movements in the 4H chart, the 1.81 level is still a strong supply area that bulls are trying so hard to break.

I said in my previous EURNZD analysis that we can see a strong moving down with conviction from 1.8045 level.

Yes it did after the shorts’ liquidation above the 1.81!

Price is facing with difficulty on the 78.60% fib retracement therefore I’m shorting through the following new orders:

Even though there’s a strong buying reaction above the 4H 50-SMA and an impending silver crossing move, the latest ChoC candle is my hint.

EURNZD Intraday Analysis and Trading Plan For April 22, 2024

The EURJPY continues to trade above its 4H 50 and 200 SMAs respectively after a strong rebound last week.

Second analysis today goes to the EURJPY pair.

I finally scored my first win on my April 8 short trade plan:

https://www.finlogix.com/analysis/20240408/eurjpy-intraday-analysis-and-trading-plan-for-april-8-2024

This win has ended my 4 straight losses. An updated 1-4 W-L (win-loss) record.

There are 4 European and 4 Japanese major economic reports this week.

With Euro scoring a new 16-year high against the Japanese Yen, markets are eyeing the upcoming BoJ policy rates.

The EURJPY has further increased its yearly gains. It has been a weak Yen in the past 4 months after bottoming out at 153 level last December 2023.

On Friday, we saw a remarkable and volatile 200-pip swing move from 163-165!

From this move, it only proves the 162 support level strong buying reaction and looks ready to challenge March swing highs.

For now, an upward move is expected after price has rebounded on the pair’s 4H 50 and 200 SMAs.

Price is hovering in a new lower high that started to form during EURJPY’s March highs.

With both French and German Flash Manufacturing PMIs out tomorrow, a buy position is highly favored.

I was lucky enough to exit my previous trade plan in profit before the strong rebound last week.

Even though the odds are slim, I am going to short the EURJPY again with the following new sell orders:

Price is hovering above the 78.60% fib range of the pair’s premium array and shorts are rewarded better in terms of risk:reward setups.

I would also like to take advantage of the fact that the EURJPY has just printed out a new lower high.

EURJPY Intraday Analysis and Trading Plan For April 22, 2024

The EURGBP is still respecting its 17-week old bearish FVG.

To start this week’s Finlogix analyses, I am updating the EURGBP cross pair.

After holding for 18 days and 18 hours, my March 14 long trade has finally hit the take profit level:

https://www.finlogix.com/analysis/20240314/eurgbp-intraday-analysis-and-trading-plan-for-march-14-2024

There are 4 in Europe while 2 major economic reports in the United Kingdom to keep an eye on this week.

Yearly Candle: Last check is a Small Red Candle with a Longer Tail Wick now a Red Hammer

Monthly Candle: Previous close is a Red Spinning Top with a Small Body current is a Green Body with a Longer Tail Wick

Weekly Candle: Previous close is a Green Body with a Longer Tail Wick current is Developing a Green Shaven Bottom

Daily Candle: Friday close is a Green Body current is Developing a Green Shaven Bottom

Although the cross pair’s yearly low almost re-tested 2023’s low, it is still generally bearish.

For 4 consecutive months since January this year, EURGBP’s price has been trading in 2023’s lower territory.

On the weekly, the 17-week old FVG formed last December 25, 2023 to January 8, 2024 is still respected in the last 2 weeks’ upsurge move.

The weekly open is strong during the intraday highs earlier but immediately stopped out through last week’s high forming a double top pattern.

Both the weekly and candles in green shaven bottom patterns, however, a failure to create a new highs today can validate a double top structure that can start off price retracement to the down side.

Based on the latest price developments, I change my instance to a seller for the EURGBP pair.

I am aiming for a 100-pip move short trade with the following entries:

Entering through the current swing high consolidation with a minimal stop loss and a handsome take profit.

In case there’s a further breakout above the 17-week old bearish FVG, then we adjust the next trade setup.

EURGBP Intraday Analysis and Trading Plan For April 22, 2024

Friday’s volatility has swiftly sent EURCHF to new lows but bulls retaliate sending the price back above the crucial 0.96 range.

I have minimized another loss from yesterday’s long call:

Rafael Ken Aguilar

Rafael Ken Aguilar

Apr 24 2024

Tesla Intraday Analysis and Trading Plan For April 24, 2024

1

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Apr 24 2024

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Apr 24 2024

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Apr 23 2024

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Apr 23 2024

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Apr 22 2024

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Apr 22 2024

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EURGBP Intraday Analysis and Trading Plan For April 22, 2024

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Apr 19 2024

EURCHF Intraday Analysis and Trading Plan For April 19, 2024

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Apr 18 2024

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