Waoh, today I see that Bitcoin make invalided this analysis for long position from the #31,000 USD that in the past days, we earn profit until we see the same day a strong rejection and now, BItcoin it's drop!!! This it's the bullish rising wedge and as we noted, we make a fake break out of this pattern and well, now, Bitcoin it;s leading again the $31,000...
in this time frame we have a great ascending channel as you see in the chart, and key levels of support and resistance .for now price follows the bearish trend line and one unsuccessful break out and a triangle pattern as well. if the price could break out successfully and stabilize above the resistance we can see bullish movement to the top of channel 48 or...
EURNZD on the 4h chart after a double bottom attempt to break below in a false breakout. The price from there took the liquidity and starts a new impulse to the upside. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. -––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red...
Fake breakout is when the price temporarily moves above or below a key level of support or resistance, but then later retreats back to the same country as it started. This is the worst case scenario for a breakout trader who enters a trade immediately after a price breakout.
💡 Trade Idea 📈 Buy Limit XLM/USDT @ 0.2810 🎯 Target Profit 0.3947 🛑 Stop Loss 0.2511 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was trading within a descending wedge formation before reaching the daily support @ 0.2285. We have a 61.8% Fibonacci pullback which indicates a potential reversal to the upside...
💡 Trade Idea 📉 Sell Limit GBP/AUD @ 1.7634 🎯 Target Profit 1.7422 🛑 Stop Loss 1.7736 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was in a clear downtrend, but it posted a double bottom near the daily support (1.7423) which indicates a potential reversal. As per our analysis, this reversal might be a slight...
💡 Trade Idea 📈 Buy Limit GBP/USD @ 1.3546 🎯 Target Profit 1.3704 🛑 Stop Loss 1.3504 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price is trading within a corrective channel where it reached a daily support (1.3487). Our expectation is to see the price making a potential correction towards the 38.20% Fibonacci...
💡 Trade Idea 📉 Sell Limit AUD/USD @ 0.7733 🎯 Target Profit 0.7645 🛑 Stop Loss 0.7777 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price has been trading inside a bullish channel and succeeded to break it to the downside. A double top has been noticed near the daily resistance (0.7760) which indicates a potential...
💡 Trade Idea 📉 BTC/USDT (Bitcoin) @ 32998.37 🎯 Target Profit 41873.23 🛑 Stop Loss 29875.73 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price is in a clear uptrend, and it managed to score all time high few days ago by marking the 41875 level. Now, the bitcoin is in a pullback where we expect a continuation of...
💡 Trade Idea 📉 Buy Limit ETH/USDT @ 1183.14 🎯 Target Profit 1278.53 🛑 Stop Loss 1153.29 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price has moved to the upside, now it is forming a range, a small correction might be posted, then we expect buyers to come back and push the price to the upside, and we might seeing...
💡 Trade Idea 📉 Buy Limit IOTA/USDT @ 0.2781 🎯 Target Profit 0.3677 🛑 Stop Loss 0.2498 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price managed to break and close above the white trendline by posting a bullish engulfing candlestick. A pullback has been noticed to the 61.8% level (0.2775) indicating a potential...
💡 Trade Idea 📉 Sell Limit GBP/JPY @ 139.80 🎯 Target Profit 138.46 🛑 Stop Loss 140.28 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair is ranging inside a corrective channel after it failed to move upward above the daily resistance level (140.17). We might see a higher correction to the higher end of the...
💡 Trade Idea 📉 Sell Limit NZD/CHF @ 0.6319 🎯 Target Profit 0.6240 🛑 Stop Loss 0.6351 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was in an upward movement but succeeded to breakout the white trendline to the downside by showing a double top. This common pattern indicates a potential reversal from an upward...
Or, will the Moon Boys come back into the market & Ethereum will find some buying pressure around the blue upward sloping support of the Ascending Triangle. There have been multiple rejections on the horizontal resistance of the pattern, the more a trend line is touched the more likely it's going to be broken, in either direction. I have drawn a green pathway...
💡 Trade Idea 📈 Buy Limit XAU/USD @ 1862.26 🎯 Target Profit 1928.96 🛑 Stop Loss 1829.01 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: Gold is trading inside a wedge pattern after succeeding to break the daily resistance level (1862.26). A slight move downward might be seen to the new daily support level and then most...
💡 Trade Idea 📉 Sell Limit NZD/CAD @ 0.9088 🎯 Target Profit 0.8989 🛑 Stop Loss 0.9110 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair is trading within a corrective channel, and it faced a daily resistance by rejecting it. We have a 61.8% Fibonacci pullback @ 0.9094 which might lead to a reversal and a move to...
💡 Trade Idea 📉 Sell Limit GBP/JPY @ 140.11 🎯 Target Profit 138.40 🛑 Stop Loss 140.46 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair is trading within a channel formation, but it reached a daily resistance (140.24) without succeeding to close above it. Now, it moved to the downside but our expectation is a...
💡 Trade Idea 📈 Buy Limit EUR/GBP @ 0.9037 🎯 Target Profit 0.9142 🛑 Stop Loss 0.8985 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair has moved to the downside but could not close below the daily support (Red Line), by showing a double bottom around this level. Now, the price is bullish, a slight retracement might...