We expect further downside on this pair, signalled by the false breakout of the descending channel pattern. We can also see the testing and closing below of price the key level which further supports our directional basis.
D1 - Price respected a key support zone and is bouncing higher. False break with bullish divergence. Expecting the price to continue higher further in the short term. H4 - Most recent downtrend line breakout. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
D1 - Price has reached a key resistance zone. Bearish hidden divergence followed by continuing bearish divergence. H4 - False break with bearish divergence. If the price breaks below the last low at 1.09283 with momentum I may then expect short term bearish moves to happen here. Alternatively if the price moves higher breaks and holds above the key resistance...
SMRA . Weekly TF. Falling wedge pattern. TP1 830, TP2 935, SL 585.
if you look closely the stock, yes the stock broke the trend line on 29th of aug, but its recovering and coming back to its support, theres a green candle too, lets see what happens on Monday. check out the volume too. plus have look on MACD indicator, its strategy telling to go up.
Hey guys, last week i pinned trade, where i was in short to audcad. This trade is lost, because market don't break EMA20. And for me it's new rule for trades false break corrective structure. Jindrich
Hello guys, entry to trade now pair audcad, false break with daily downtrend. Jindrich
FX:USDCAD False Break Short Idea on 1H Chart with Liquidity RUN
The price is creating a pennant below the daily resistance and the price had a false breakout. On the daily timeframe, the price tested the 0.618 Fibonacci level with a nice candle. As you can see on the left the price created a W pattern and now the price is trying to have a breakout from the neckline. How to approach? The price needs to have a breakout from...
As I told you on the previous analysis the price wanted to retest the supply zone. At the moment the price is creating a long wick candle on that level, and it could be a false breakout of 43k. As I told you before, the price needs to create a clear higher high with volume and momentum. So if the price is going to create a clear breakout of 43k, and retest the...
The price had a false breakout from the daily area on 38400 and now the price is trying to come back into the daily structure. the false breakout could confirm if the price will have a daily close above the 39200$ Otherwise, if the price is going to have a rejection from the daily structure and confirm the 4h breakout above the new lows (37600) we can apply our...
Hey everyone, i pinned trade from friday. This idea was about pa, where support was break and after i didn't seen retest support, but just false break. So i waiting for break to the back zone and retest support. For normal trade 1:2, when the risk is 2%. Jindrich.
ALGOUSDT just moved back in after a false breakout of support line(yellow). This is one of my favourite strategy in trading, the falsebreakout trading strategy. good luck...
Though we expect gold to hit 1790-1800 resistance zone and then pull back to 1750-1760 level, it seems like the upswing momentum is so strong that gold will just strike through the resistance zone 1790-1800. A few things to note on the daily chart: - A false break of the 2018-2019 uptrend line - Three river morning star candlestick pattern at major yearly...
I think the index failed to break down as you can see on the chart. As long as 4 hour candles keep closing above 27500 then I believe we will see higher prices. Expectations: 1. Price will rise to the middle of the channel 2. price will rise to 30,000 zone 3. price will stall between 30,000 zone and the middle of the channel, then continue up best of luck :-)
notice how the price quickly reverses just after the breakdown