Fakebreakout
Support and resistance fakeouts EURUSD is at major resistance zone most importantly we had a *fakeouts*
SL @ 1.11620
Tp1 @ 1.09445
Tp2 @ 1.08307
But we have to let price commit first to the downside give you an entry (depending on your trading strategy)
It's a long way down be patient 💯
#bitcoin in a important level🔥 hi guys I hope you all have a great spring season👋.
if you look closely you can notice that we are in a important level which is 44700-45700 and if price break it and stay above it we might have a new ATH but be carful with that because price might form a fake breakout and just hunt the stops in any cases bee carful and stay risk free.
cheers 🥂.
Impulsive Upthrust in TechBreakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion.
Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay).
Moving up from oversold on RSI, wave trends indicating buy signal.
BNT returned in sideways trendBNT is ranging since May 2021. Support that built at $2.66 on June was tested again one month later in the form of a fakeout. In January 2022, price passed through $2.66 and found strong resistance in the high demand zone between $2.30 – 2.08.
In the 4H LTF, BNT was accumulated between 22 Jan. and 05 Feb. That in conjunction with the long tail candlesticks - in the same period – indicates that large traders absorbed all the coins that sold below $2.30.
Yesterday BNT returned in sideways trend in relatively low volume. That’s not necessary a bad sign. Besides, changes in price are relatively small. Today, $2.60 level retested again.
If you want to go long, a position below $2.8, take profit near psychological resistance at $5.00 and stop loss below $2.30 or $2.08, gives you a R/R >3 - 3.75.
A conservative target if we gain psycho resistance is between $10.00 – 8.00.
I’ll keep my report updated to any significant changes.
What Does a Fake Breakout Tell You?Breakouts occur at resistance and support areas. These areas could be based on trendlines—horizontal or diagonal—prior highs or lows in the price, or chart patterns drawn on the chart.
A breakout is when the price moves through a support or resistance level and keeps moving in that direction. A failed breakout is when the price moves through a support resistance level, but then fails to continue moving in that direction and instead reverses course.
EURUSD the Morning Star candlestick pattern And soon can pumpBased on our educational post:
Now we can expect local pump here for EURUSD based on two factors:
1. reversal and bullish candlestick pattern named Morning star.
2. so many stop losses hit when the price broke the daily support and it is a good sign too. (fake breakouts are a good reversal sign too)
DISCLAIMER: ((trade based on your own decision )) This post is actually a review of candlestick patterns that we had by example and is not financial advice on EURUSD so do your own research for your trades.
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MATICUSDT Possible paths ahead and major supports & resistancesAs we can see price is near strong resistance zones and we can expect correction and fall here like red arrows on the chart.
only if the last resistance that is 3$ resistance zone break we can expect more pump and continuation of the pump here else as we said we are looking for a local dump.
strong supports and resistances are mentioned on the chart too.
DISCLAIMER: ((trade based on your own decision ))
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GODREJ PROPERTIES will be in down side fake breakout has given .it will come back again in trend...... buying only will start from support zone as advised in graph
BTC is near critical support, Can this downtrend be continued?#BTC Short term Analysis
Bitcoin rejected from 52k-53k area rapidly, The only support that we can bet on that is 45500$.
Breakout of this major descending trend line made me happy BUT it looks like it was just a fake breakout.(Bears have full control)
If the 45500$ support is lost, the price will drop emotionally up to 42000$ and 40000$ support areas.
I hope price can hold 45500$ support area, In this case we will move in this big trading range like past.
pump after fake break out for GBPUSD 🚀As I mentioned before and based on our previous analyse here we have just fake breakout for the price 💣
we expect more gain for the price and if the price breaks our resistance and stay above the resistance zone more gain is ahead 🚀
This is not financial advice, always do your own research.
If you have any questions fell free to ask, you can write it in comments below and I will answer.
Fake Breakout or pullback? What do you think about this ?
is this a Fake Breakout or Pullback to Broken support line?
andrews pitchforkscalping opportunity in EURJPY,
local countertrendline broken,
whales have made up a fake breakout above the double top in order to hunt stoplosses,
which is good sign of going down .
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outcome of november: 1 loss, 3 win, 1-9 rrr+
BTCUSD is still bearishBTCUSD is still bearish. It's starting it's accumulation phase and after that it'll Sky Rocket to 84k
dogecoin analysedogecoin usdt
daily time frame
we are seeing a triangle pattern and exit the price from down side of triangle. and pullback.
ok. here we must have short position because of rules of triangle pattern. BUT
BUT I think it is fake and we must take long position and the first target is upper side of triangle
wonderful pump coming for eurusdbased on daily channel we expect more dump here
but
it can be just a simple fake breakout
and
if the price enters to the daily channel
again
it can sharply pump to the target that is indicated in the chart.
This is not financial advice, always do your own research.
If you have any questions fell free to ask, you can write it in comments below and I will answer.
GOLD intrady setup. Maybe 1840 first before 1760. 10/11/21GOLD price if could hold above wedge pattern support line may reach around 1840 , just breaking the long term down trend line (Red) for the "sake of " trapping" "trend line breakout " trading traders...
GBPUSD looks bullish and soon to be bearish1. The move comes from HTF support
2. Price to retrace back for buying opportunities
3. H and L of the day are marked, cross over to the H will further confirm the bullish move to the SUPPLY ZONE
BTCUSDT Strong supports and Resistance ahead after new ATHAs we mentioned in previous analysis bitcoin had a fake breakout and started a new correction phase after a new all-time at 67K:
Strong supports ahead:
A. 56000$(0.38% Of Fib)----also there is local support on 60K at 1H charts----
B. 50000$(0.61% Of Fib)
C. 40000$(Daily support)
Strong Resistances ahead:
A. 64500$
B. 67000$
Notice: after breaking each support or resistance that here mentioned we can expect pump|dump so if ATH resistance breaks then a huge pump is also expected and ...
DISCLAIMER: ((trade based on your own decision ))
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BTCUSD is in 60K resistance zone and also ATH is ahead At this 4H update, we are looking at the previous trendline that broke and it seems that it was just a fake breakout and hitting stop loss of bears that were looking for a price like 60000$ to sell.
But we should also consider that BTC is really bullish and also it can look for new ATH here if the price retest this broken trendline and start to pump hard like a green path.
DISCLAIMER: ((trade based on your own decision ))
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BTCUSD is breaking all resistances here 70K is ahead or fakeout?As we can see a previous daily candle close above the red trendline and the market is pumping and soon price can touch ATH(all-time high) and only after breaking that red resistance zone more pump is ahead and this time we can look for targets like:
A.70K
B.85K
C.99K
Notice: if and only if prie once again dump below this resistance trendline then we had a fake breakout and the price can easily fall to supports like 50K.
DISCLAIMER: ((trade based on your own decision ))
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A fake failureA fake failure is observed in the viewing chart
The market is expected to decline.
We must also pay special attention to the FOMC session. We will probably face a severe gold dump.
GBP USD Setup - 15-09-2021Hi Traders,
GU gave a fakeout of the structure and is likely to test the previous day Pivot or the trendline. Pls ensure proper risk management.
Happy Trading
