We've struggled BIG to turn this trendline into a support since late 2021. Breaking out this trendline could attract some looks certainly. If that that happened while we see some more significant volume then it could turn into the beginning of something. In my opinion trend reversal won't happen when everybody is getting bullish. Trend reversal is most...
Hey traders! As you can see on the Daily Candles of the Total Cryptocurrency Marketcap chart, we began with a Bull Flag pattern that started during summer, I believe this is somewhat of a fractal we are experiencing now. What happened during this downtrend is that we got two touches to the upper resistance line and two touches to the lower support line. During...
Hey tradomaniacs, "Asia's share markets turned negative on Tuesday as two-year U.S. Treasury yields topped 1% for the first time in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March." Read more 👉 www.investing.com This is the reason why I`m concerned about the US-DOLLAR-drop from last week and have the suspicion...
Hello everyone, At the same time as Bitcoin and Ethereum delete investors by jumping up and down. 1inch performs its previous moves with 100% efficiency. After counting a sharp decline, it drew: - #1 bottom - correction - double top - fakeout - #1 bottom As since the last bearish market on May 23. Do we have a chance for growth now? If the cyclicality...
Hey tradomaniacs, looks like NZD/USD is forming and soon confirming a fakeout here. As soon as price closes below after a re-test we can consider to go short here! If not, yeah looks for longs! =) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
best way to trade channels is to wait for engaging price with the lines it can be trend line or channel line when it hits the lines and returns that's the best time to jump in position and make the trade p.s (number 4 was on of the good trades
CRV broke to the upside of the Diamond Pattern. Was it a fake out? I will leave that decision to you as I am not a fortune teller :-) There is normally a 69% chance of a retracement. NFA.
FX:EURAUD This is one I am keeping a close eye on for big swing longs. We have broken this ascending trend line but the overall trend still stands! Daily showing nice wick rejections so watching for potential breakouts to the upside to confirm.
AVAX broke my previous trendline, but volume is continuing to decrease so we have to reassess the pattern and adjust the upper resistance trendline. We always look for volume confirmation when looking to enter a breakout. You always need to be open to adjusting your ideas.
In 17 Juli bitcoin had a fakeout from a flag pattern when it had a big dump down. Now, litterly the same scenario. I think it will retest around 41K an shoot up. We coud get hold up at 47K and retest the suport at 41K and go for the moon.
AMZN looked great in pre-market but this is a clear idea of a fake breakout, aka fakeout.
Hi traders. Shorting this sardines trap for a TP1 ar 47700. Thanks. Have a great Day trading.☕
GJ 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...
✅EUR_GBP is again trading above the falling support With the fakeout on the daily And the pair is trading above the level again Which makes me expect bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
ALGO moving steady in middle trend line, charted from the monthly... price target $2.02
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...
the description is not going too long because I already explained it on the chart. Price always needs liquidity to move so what the banks are doing is making fake trendlines that will hold or that it will make a pullback to but in this case, it looks too good to be true so stay woke and watch out for the crybabies, I can be wrong so keep that in mind but if you...
Hello, my idea is Nasdaq will test 78,6 fibo than we will se a pullback to strong support level. Touching 78,6 can be see as a fakeout with lower high on RSI so after this this price will fall. Lets see if im right or not. Remember this is only idea i can be wrong.