Long breakout fail without confirm changing downtrend to uptrend. Waiting for changing change signal on 5m
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Reversal trades are inherently low probability but they offer the best risk-rewards so we always hunt for them. That said, the VETETH pair is looking better in this regard: 1. Market has rejected the low for at least 4 days in a row now. 2. Today's candle opened at a higher low 3. Today's candle is now a big bull candle with price back inside the descending...
GOLD on the 4h chart after the break of the trendline attempts to break below the support. The market so far market rejected the break.. According to Plancton's strategy, If the price will break below, we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
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I had previously published on EHTH while it was in a symmetrical triangle formation. There was a brief false breakout at the end of January with the price going as high as 93. This was short lived however as it fell back below the initial resistance line and then rapidly dropped all the way down to $48 following a downgraded price target from RBC Capital. Despite...
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Test of a very strong support on daily chart (false breakout?) If the support will be tested again, there will be a strong buy opportunity RSI divergence on lower swing low
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False breakout of the resistance USD currency index reached a good support and it's ready to raise up Stochastic oversold and crossing Entry @ 0.8860 stop TP = 30 pips SL = 20 pips
Some good chance that this is a false break. Waiting for market to trade back into the descending channel. It then should target the resistance trend line.
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If you understand the idea,🎯 press a thumb up! 👍👍👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
If you understand the idea,🎯 press a thumb up! 👍👍👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!