We may have a fake breakout over here and if this daily candle closes below the red zone, then this fake breakout can be a strong reversal candle or pattern, and then we are looking for fall to targets like: A. 1.20$ B. 1.00$ DISCLAIMER: ((trade based on your own decision )) <>
The Dow Jones is near its historic resistance. If today's news is in favor of the dollar, it is likely that this resistance will be broken and it will see higher goals. Otherwise, due to the formation of a triangle pattern, the price rises to its resistance (the probability of a fake failure) and then experiences a fall.
FOREXCOM:XAUUSD There has been a strong support level since April 17, after the breakout that occurred on April 13. Also in the meantime, we can see a near resistance/ support level I confirmed these strong and near level by circling each testing that occurred on the level Also EMA 10 & 20 period tends to become the dynamic resistance Also have same view on 4hr...
OANDA:USDCAD This is a situation where I see a possible fake breakout. Price broke out of the long term blue trendline and is forming a head & shoulders . In my opinion the fundamental bias for this pair tilts to the downside. I think if we see price breaking back below the trendline there could be some violent moves down as possible buyer stop losses get...
Posted this analysis yesterday. We had the buyer induction in London session. NY session made fake out (break of high) to a Daily bearish orderblock. I will hold my shorts tonight, price will reach for the lows of monday and tuesday to hit stop losses and sell stop orders (liquidity). Already put SL on BE so now risk free.
It doesn't matter if you are Bullish or not, everybody else is after your money. So take good care of your money. Stay safe
Watch out the possible fake break outs and protect your funds, the valid break out is 42K.
While retail bagholders had a breather, Nikola managed to jump nicely in the few days. However, with rising inflation amid tech stock sell-offs NKLA may drop to 11$, before it resumes an uptrend. Anything is possible. Also lots of Articles out lately warning of NKLA's SEC and DOJ investigations. Analysts have also slashed the forecast while no hedge funds are...
Still looking for potential shorting opportunity's on this pair after NFP day once storm passes
Too me MANA looks to be a fake out. Only one bar closed above the resistance level but the rest of them didn't close to far off of the resistance which is a good sign for me only thing that has me a bit worried is the volume the volume is pretty low we want to see a high volume breakout to signify a stronger breakout. MANA isn't out of the woods yet though I think...
Hello guys The price has broken bearish channel but it could be a fake breakout. It's because the breakout candle isn't strong enough. It could go down to 51200. Don't forget money management and setting a stop loss. Follow me for more TS. Cheers :)
After a fake breakout, SOL is going to jump to the 40 level
Possible fakeout of TL on D TF: Bearish divergence on MACD as well as RSI indicating a continuation of trend, no signal of crossing on either when breakout occured. ATR of 24 at point of breakout (25< is considered consolidating) which has decreased since. SMA/EMA still show a downward trend with 4H having just crossed down. Possibility that we are ranging at...
I THINK ITS A FAKE BREAK OUT AND BULLISH TREND COMING SOON !
Hello Everyone! I recently had a successful play on ATT purchasing some calls before this past weeks uptrend on $T Unfortunately, since I didn't enter the trade with any real, calculated goal targeted, the position was exited once I saw an enticing percentage of gains. While I'm overall happy with the results, I couldn't help but notice the disappointment in...
Is it a real break out or fake? What do u think?