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Apr 24, 2025

Trade ideas

TSMC: Bearish trend

TSMC, Daily

#TSMDaily.png

In the Daily timeframe, #TSM formed a descending channel pattern. Price bounced off the upper trendline, and -DI crossed +DI on ADX. Also, MA50 crossed down MA200 to form a Dead Cross, which makes for a great selling opportunity!

  • We are considering selling #TSM on a further decline with a target to 140.00;

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Egor Schmidt

Author: Egor Schmidt

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