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Fakeout

GBPJPY Retest of broken trend line.GBPJPY Retested broken trend line. 200EMA Acting as dynamic resistance 0.382 On fib acting as resistance? Enter IF Maybe enter if there is candle stick pattern. If there is bearish 8EMA21SMA crossover. If there is nice big bearish candlestick formation. There is a lot of bearish volume. Or on my other trade you can see a nice support zone on this pair. If it break that maybe that is a good place to enter? More analysis on this pair soon.. Good luck ! Please only enter if there is enough confluences.
Short
by JoeMatkinFX
4h bounce at Butterfly + WW 5 or AB=CD + WW 5'Dax has been acting rather harmonic lately and now we've got another Butterfly completed on the 4h, while a beautiful bullish Wolfe Wave is in play. I'm still expecting a much larger correction in the long term, but I think we could see a nice run from around here or the bigger daily AB=CB at the fake out in daily + weekly demand, before bears eventually takes control again. Take notice of the upsloping lines hidden in the background. They've really been doing a great job lately! Have a nice weekend :)
FX:GER30Long
by BaliShag
EURUSD 4h Still BearishNo doubt that fake out caught many traders unawares, but price fell back below the resistance trendline in the next candle. This slightly complicates my EU chart as I cannot really on that trendline as much now. Price was very overbought in that breakout candle, and began to drop as USD started gaining more strength - bad timing as the markets closed 4 hours later, but such is life. Anyway, EU's overbought condition will still continue into next week, probably during Tokyo, but definitely by London and Berlin. Unfortunately, there will be high impact designated USD news: Trump's speech, and the GDP report - both of which send price whipsawing back and forth. However, I still think EU will reach 1.0373, the question is whether price will spike up to the 1.07s before making its way down there.
Short
by MtxTrader