here is a nice example of a break and retest (last kiss) as well as a fibo retracement lining up right with the support & new resistance double top and neckline retest taking it from zone to zone, from .5 fib retracement resistance zone to the support zone and extension area of -272 another confluence is 14 and 50 ema are under 200ema 32pip profit here if u tp'd at -272
With the DXY showing some weakness during the NY Session it can be said that a pair like GBPUSD will push back to retest the 0.681 Fibo zone making the last kiss and from there proceeding with the downtrend to complete the double top pattern.
Bitcoin has broken it's longer term wedge and has been moving above it for the last several days. There is a very clear divergence on the OBV RSI on the 4hr, OBV RSI & Twiggs MFI on the 8hr and Twiggs MFI on the 12 hr. Failed higher highs all over the place when comparing indicators to price. Breaking this wedge back to the downside would provide large players an...
USDJPY has recently broken out of its channel and has reapproached the trend/channel line. Could break through and consolidate or it could be a Last kiss forming for a nasty breakout to the short side. We shall see. As always, Stay diligent my friends.
I predicted a breakout A while back I will link to. I thought after the trade had hit my sell stop that it had come up and tapped my stop loss as well but I wasnt paying close enough attention and as this wasnt a real trade live or demo I was just judging it by sight. So good news is I didnt get stopped out. It has made a slight retrace and is still positive and I...
USDJPY seems to be finally breaking out of the channel it has been in. A possible last kiss could ensue confirming the large breakout if price retraces and touches the channel to then head back downwards. Price could also simply continue downwards. The bollinger bands are pointing to the latter. And finally price could also bounce back up to remain in the channel...
hello guys so this is my point of view on Ripple Let Me Know What You Think And Tell Us Your Idea About That When The Next Break Out Will Happen? KRAKEN:XRPUSD
Blue arrow points to bearish candle that breaks channel (Green Lines) Orange arrow shows candle that retouches channel zone and falls to close bearish *Must close in favor of candle that broke channel (Bearish in this case). A sell stop would be placed under bearish confirming candle Pink Line & Pink Arrow show this entry. ...
GJ has broken out of its channel and could very possibly drop back down and touch the channel one last time for a huge breakout. The top of the channel also correlates with a 38.2 fib level or 50 depending how you draw it.
USDJPY closed over the trendline here on the 4hr for the first time this week. This is worth a tight buy.
NZDJPY has broken the trendline and successfully retested the trendline. A.K.A Last Kiss Trade. Look for buying opportunities. Volume is validated.
For this setup, It is best seen on the daily and 4h charts, but for the sake of this analysis, I am looking at a last kiss (retest of broken zone) setup. On the daily chart, price broke through a significant support level, and is now going up to retest it. In my opinion, when the current 4h candle closes then that will be a much stronger signal to short than...
This week when markets opened, the first candle closed bearish, just above the support zone. Today's candle, when it closes, will indicate bullish momentum as price bounced up from the support at around 118.41 My position is as follows above. Euro has been showing significant strength across all pairs.