as mentioned earlier, gold formed a giant inverted head and shoulds a complex traingle pullback is building today, it's likely to close with a pinbar, false breaking the bottom of the triangle then we may long immediately
30 Apr 2020 recap - yesterday Dow had an increase of supply together with bearish price action, with the close above the support level 24270. Yet the futures during the London session now has broken the support level and currently testing 23880 level. A break below swing high at 24270 presents a false breakout scenario. If 23880 was broken, we should see a...
S&P 500 futures ( CME_MINI:ES1! ) continued yesterday's selling and plunged more than 2% below 2850 as of the London session now. The price action today before the US session revealed a false breakout on S&P 500. 30 Apr 2020 recap - Yesterday session had seen an increase of supply in synchronization with the bearish price action dropping 1.3% off the top for S&P...
wedge pattern indicates upward force was limited price action suppressed by a major downward trendline false breakout at major resistance level evening star candle stick pattern suggests reversal
a trap of bullish breakout buyers may fuse a new downward price action
false breakout at resistance waiting to confirm try to scalp the pullback to previous level
Stock price still in consolidation, Price crossed over the 50emv and should be consolidation in the current support and resistance. For confirm position the price should rally the current resistance, 50emv crossover 200emm all together with the price for a confirmation for the execution. mentioned false breakout due to the consolidation period but it may not end...
false breakout - the fatal reversal which could kill a breakout method... so beware of these kind of false breakouts if u are trading a breakout.... or else mix your strategy with something else..
HAWKISH FOR BITCOIN. CASH IS TRASH
False breakout occurred at demand zone at level 49.39 and confirmed by strong bullish movement MACD shows bullish momentum RSI is above neckline of double bottom pattern It's expected to target first key level at 52.19 then target supply zone at level 54.36 after covering price gap at level 53.28
False breakout occurred in GBPUSD below 1.288, so joining bulls between 1.288-1.2915 price zone with 1.3005 T/P provides decent R:R. // Feel free to share your opinion/position via comment and follow me to stay updated.
EURAUD rebounded from supply zone at level 1.6448 False breakout occurred and confirmed by bearish engulfing candlestick MACD shows bearish momentum RSI is in downtrend It's expected for coming correction to target first key level at 1.6228 then target demand zone at level 1.6094
Cable strengthened last week even though Sajid Javid, the Chancellor of the Exchequer, resigned... ..since the beginning of this year GBPUSD was moving sideways with the highest price around 1.321 and lowest around 1.287. Last week it broke above 1.30 again and it seems like it was a false breakdown below 1.2945. I will wait for a pullback to 1.299-1.2945...
This idea is based on that the market is already pricing rate cut in GBP, so it is possible that we are going to see a strong pull back in price and then buy out from the level around 1.2957.. it provides decent R:R for joining bulls with stops below 1.29 and take profit around 1.312. (R:R=2.86) If the rate remains unchanged it will be a positive scenario for GBP...
Facebook dropped sharply on Thursday after quarterly results raised questions about its longer-term growth story. Sure, the backward looking numbers weren't bad. But looking forward, newer offerings like Instagram don't seem to be catching fire. The "big blue app," with its slow-growing and ageing user base, isn't really thrilling investors. This stands in...
In sideway trend. There was a breakdown failure. SL and 1st TP on chart. 2nd TP - to trail. Trade management style - active management.