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Lastkiss

USDHUF breakout after retrace to resistance zone - am I correct?Hey guys, I'm new here, but just wanted to confirm some of my recently learned knowledge. Based on the first kiss (Naked Forex) principle, I went back on the charts and found this pattern on US dollar v Hungarian Forint. I noticed that between the 28th of April and the 18th of May, this pair was consolidating. A very strong support and resistance zone was created with a few touches at the top and bottom of the zone. When it finally broke out, you could see it touched (last kissed) the top of the zone, and then continued the uptrend, like the first fakeout made it seem to be. Don't know how deep the last kiss can be in the zone, but I think this is kinda the right signal for a long. (Which I didn't take, because I retraced it in the past) Do you guys agree? And if not, what could I have missed that could be of importance in my next trades? Thanks! Jasper
Long
by JBod03
1
GBPUSD ShortBroken trendline Emas crossed Retesting the area Just entered on this one, had a previous Sell limit on 1.3275 but didn't get triggered, now we broke the trendline and just retested the sup turn res. on the previous days we where compressing the price, at first i thought of some sort of an M formation instead of a continuation triangle, because the level that the price is at had some struggles getting further in the past and it hasn't passed it in a while now, so i think is safe to say that I'm bearish in the short term. A good TP, might be green trendline, but since it can take a time, a better one could be 1.31 , and to take small profits on the way down there in the marked areas if you want to. PS: the price moved a bit since I entered and finish writing this
Short
by J_layseca
AudUsd Double Top neckline retest/TL Break ZONE TO ZONE BABYNice double top here, NY choppy wick time, then shows sweet doji on 15m tf signaling the drop after the retest of neckline/last kiss on the double top while the overall trend is bearish pretty awesome RR for scalper to next zone, small pips to W or L but consistency is what matters most another great confluence is the 15ema 200ema cross we see right as the entry doji we get right as NY markets are firing up of course you could have held to double+ profits but you never really know what will happen.. hindsight 2020 side note thoughts/talking to myself: i seemingly like to short and watch it fall rather going long as i tend to find myself shorting at least 65% of times, not sure why
Short
by beank1
AudUsd SHORT BreakOut / Last KissRisk Reward 3.21 Coming off a Triple Top (Blue) on higher tf (as seen on 4h), Smaller tf (look 1h) a double top (orange), Daily candle FTR pattern, 4h Inside bar Bull fake out pattern Momentum is down, accelerating faster pushing to break the zone, wait for clean break, retest of resistance which used to be support, candle stick signal like an engulfing for example and shorts away Each top of triple top is moolah type, lower high simultaneously indicating downtrend confirming momentum bias like we get from candle stick analysis another confluence is the large increase of momentum on the 4h bearish engulfing bar
Short
by beank1
LAST KISS or FAILURE TO HOLD - BTC LONG TERM WEDGEBitcoin has broken it's longer term wedge and has been moving above it for the last several days. There is a very clear divergence on the OBV RSI on the 4hr, OBV RSI & Twiggs MFI on the 8hr and Twiggs MFI on the 12 hr. Failed higher highs all over the place when comparing indicators to price. Breaking this wedge back to the downside would provide large players an opportunity to accumulate more at lower levels and shake out weak hands that have been buying on this last rally. Conversely there could be support at the trend line and a push higher after correcting to the 1/1 Gan Fan line. The new of a BTC ETF could create a sustained rally into the 1/1 channel which would move us up to higher resistance levels, at which point we would have to analyze the market at that point based on ETF news and other factors.
BITSTAMP:BTCUSD
by blakester1111
USDJPY older trade still activeI predicted a breakout A while back I will link to. I thought after the trade had hit my sell stop that it had come up and tapped my stop loss as well but I wasnt paying close enough attention and as this wasnt a real trade live or demo I was just judging it by sight. So good news is I didnt get stopped out. It has made a slight retrace and is still positive and I believe it is ready for further downward movement as it is at a resistance level right now. Daily stochastic also pointing to continuation. Price seems to have finally come out of the channel and looks to be breaking downwards. Although technical analysis is never an exact science no matter how good you are so I wont rule out a possible last kiss formation where price comes back higher and touches the bottom of the channel one last time.
Short
by nicktarver144