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Fakeout

SHORTING GBP/JPYGJ has just broken below previous support / demand zone from which we are currently watching a retest. If we get some nice selling pressure we are looking to place a sell on GBPJPY. A word of warning, we can expect price to 'fake-out' above this zone all the way back up to our supply zone (yellow box) or even to the 61.8 Fib level before we see a continuation to out TP zone. Entry: Wait for a bearish candle pattern formation or wick rejections at either resistance or 61.8 Fib level. We ideally want a doji / shooting star or a bearish engulfing for confirmation.
Short
by TomBray1
Potential Crab Forming 🦀GER30 - Potential Daily Crab Forming, nice .886 tap on the Daily Pullback. Price has reacted the same on London open for the past 2 days I'm expecting a small fakeout of the LTF momentum line but then price to drop and continue to break the lows. (Price is currently sitting at the weekly BOS) Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only
GShort
by ProFxAI
DENT LTF CHART FRACTAL (UPDATE ITS A BEAR TRAP?)I still think we break to the upside and this move is just to shakeout weak hands. Asimilar trade i took mid august on alice and I was weak with my resolve, lost a lot of money and watched it v back up to my target. Don't sell unless its invalidated. Link below to the original chart. Consider a Donation: BTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 159F3K5sZYnAQC4qt929jkkXKfSgNmukbq ( BTC ) ETH: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) LTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) LdH9QfYsPYcjm5hAXfDQrS9Pmmr9QHu8Py (LTC) USDT: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) TH6nuZUjRakTV7bA25Uk8AVZe5pLSSxMix (TRC20) bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 (BEP2) -> MEMO: 106029441 I honestly appreciate all donations. Im really down bad. My first year and lost 90% of my capital. starting balance was $1000. learnt about leverage a month ago and got greedy with it. was going to use litecoin to make it all back but price didnt meet my entry now im stranded. The learning process has been gruesome but I've learnt the hard way. just need to figure out how to tell my mom i lost all her money. Panicking, dont normally do stuff like this but i dont know anyone so i resort to this. THANK YOU IN ADVANCE. Worth a shot.😥
Long
by RektMyMom
14
BTC/USD ABC Correction in PlayLikely BTC/USD ABC correction in play. Notice the confluence of extensions and key levels. If compared to the 4 hour downtrend line (in white), a bounce to 56k would still make a daily downtrend valid. Meanwhile the recent bounce off of $47.1K could be a potential support but the more likely scenario is a bear flag and an ABC dead cat bounce. Zooming out to the weekly we see fractal patterns resembling a bear flag with further downside in play. Volume candles on the recent capitulation dump prove notable but not convincing. The recent break below the orange trend line shows a potential bull trap fake out last week followed by a Friday night massacre on the markets. Useful is a comparison the the ETH/USD and ETH/BTC charts when compared with ETH.D dominance which recently peaked at 22%.
Short
by Shadowfigure
Technical Analysis GBPUSD FAKEOUT/SPIKE Trade.Looking at the GBPUSD monthly rejection point also known as support and resistance lines or memory. GBPUSD was currently on a weekly low and moved very rapidly to the south with a strong rejection at 1.32551. This could signify a change in trend or a continuation of previous support or resistance pattern, I'm risking 20 pips on this trade with a 2/1 R/R. 2% Per Trade. Remember this analysis is for educational purposes only and If you want to know how I draw my support and resistance lines. Just send me a message.
Long
by AffluentTraders
1
Fakeout or Breakout? The Shiba QuiverMany of us including myself were skeptical about SHIBA ever blowing up, when it overtook doge I got ready to open a short. Now that Shiba has broken out of the downward channel it's been trapped in for a while, I must ask the question: are we looking at a change in direction or is it just a false alarm? Skepticism in hand, there are a few news articles popping up about places accepting SHIB. Mac D is down and RSI has room both ways. I'm neutral on this, I'd love to know your thoughts below what you think will happen, and why. If we bounce on the green resistance and start to look up and steady, I might jump in and take a long shot, but it's not looking likely. This is most definitely not financial advice. Any input or criticism is always appreciated. Good day :)
by SaucyLettuce
2