Who wants to bet that RTY (Russel) is setting up for a liquidity run on those juicy equal highs? If that's the case, this could be short term bullish but then bearish.
Gbpchf has created a gartley pattern today, the point d is at 78.6% of the leg XA and so I think that there are good chances for a stong rebound of the price, in addition the price seems to break the rectangle in a bearish direction but I suppose it is a FAKEOUT because volumes are decreasing and the full leg cd has stopped right at 61.8% of the bullish leg...
We have seen the COMEX Gold Future showing some fake signals during last weeks. Signals followed by very strong volumes, but, seeing the market price running the other way around. Be careful when trading the Gold Future. All the red arrows are showing examples of fake signals. The blue line is an overall trending line being a strong support, if broken there is...
GBPAUD failed to hold above the 1.816 level. With this breakout failure, we're getting a good indicating that the trend is changing. Current entry as price re-enters below this level offers good momentum to the downside. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry,...
Silver starting to take off and looking really nice! Had a fake out of the trendline and nice wick rejection of that 100 moving average, this is more of an investment hold for me so let's see how it goes! Nice and clean.
Drop a like if this helps you out, its free! :) This is a potential idea I am looking at for bitcoin The current price action we are seeing on bitcoin is awfully similar to the price action we saw last week. 1: Bitcoin bounces between a range 2: Bitcoin breaks above the range 3: Bitcoin sits above the range 4: Bitcoin crashes straight...
This is a pair I have had my eyes on for a few days now. Waiting to see how we react around this resistance level, I expect some sort of manipulation before the real move, so something I will watch closely for on Monday.
Eth just broke from down trend and also seem to confirm the break out with a bounce from prev. resistance. The problem is that the breakout is not volume supported, the macd and rsi are all at resistance zones. If we don't get more volume soon, this will be a fake out
Support was not respected as gold broke out of the consolidation zone so this analysis is now invalid. Freaky Friday in full effect and that's the reason it was to spectate and not execute a trade.
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AUDJPY - From Sundays analysis, waiting for the price to reach this trendline, now seeing signs of a fakeout, with rejections to the downside. I am taking a risk entry, if you want to be safe, I would wait until we close back above the trendline to go long!
Drop a like if this helps you out, its free! :) Trade Idea: Bitcoin broke a 4H support but then immediately closed above this support the very next candle. This caused a fake out and a lot of trapped traders that are in shorts Reasons for trade: 1: Fake out 2: reclaiming of support 3: 200 4H EMA is under us acting as support 4: 4H Stochs...
Leave a like if this helps you :) Trade Idea: Big fake out move that usually calls for a test of the opposite side of the range where the fake out happened. Reasons for trade: 1: fake out 2: closed 12H all the way down to 1H above support 3: stocks go Brrrrrrr Trade confidence: 6/10
I was calling shorts on this pair even when we were breaking out to the upside because it’s just an obvious fake-out move, multiple entry possibilities here, we have even now broken the counter trendline which looks really nice. The downside target will be 0.675 where we could even create a swing lower low, let’s see!
I am still not 100% sure if this pair has shown signs of a fake breakout, we will need to monitor the price on Monday and wait and see whether or not price wants to continue ot respect the ascending trend line or trade outside it again. Definitely one to keep on your watchlist, lots of potential for an upside move here. COT Data - 72% Short
We are currently seeing some pound strength again after the news that EU wont seek to suspend negotiations on Brexit. So I will be waiting for the daily close to asses whats next for GJ, more price action needed for now.
Week 37: 07 to 11 September 2020 FCPOX 2020 analysis Last week the price broke the resistance level, however it was not a clean break. It means, it was not really a sign to be bullish yet. We are anticipating two possibilities: The key to observe is RM 2,740 - 2,750, we will see the behaviour of Price Action in this area. (1) If the price bounce at RM 2,745...