Hello traders! 👋 How often has it happened to you that you watch a certain level and wait for its breakout, and when the price breaks this significant level, the price does not tend in the direction of the breakout? After a while, it goes back down, putting your balance at risk of heavy losses. Now let's talk about what a fake breakout is in the crypto market in...
The price perfectly fulfilled my last idea. It hit the target level. FX:NZDUSD is updating lows after breaking the range zone. The main trend is bearish. I think price may go down if price makes a fake break at resistance zone or swap zone. I expect that the price fall from swap zone and retest support. My target is support 0.59080 Traders, if you like this...
The price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD is heading towards support levels. The price is testing the support and lower border of the upward channel. That's why we may have some pullbacks. However, the price failed to close above the strong resistance. The market formed a big long-tailed bar on the daily timeframe, which is a...
The market bounced off the resistance zone. FX:GBPJPY broke the support level that was tested twice. The market is updating its swing lows on the 1H timeframe. It gained bearish momentum. On the daily timeframe, price action formed tweezer tops, which is a reversal cnadlestick pattern. Usually markets pull back on Friday after a trending week; therefore, I...
The market reached the resistance zone and then pulled back. FX:EURUSD is testing the channel boundary, and I think the price might break through it because we had big sell pressure. Price action broke Tuesday and Wednesday's lows. This suggests that the price may bounce off the support and form a retracement. I expect a potential breakout of the channel because...
The price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD surged and reached the resistance zone. I think the 2120 level will play an important role; price action may form a range zone around this level after an impulse move. On the 4h timeframe, we have lost some of the bullish momentum. It seems bulls are out of breath, which means some...
The market is pulling back to a support level after a bullish move that creates a swap zone. FX:GBPNZD broke the previous resistance and range zone, which is the support level now. On the daily timeframe, the market broke a strong level at 2.09000. I think it might reject the support level, grab liquidity below, and then move upwards. I expect the trend to...
The price perfectly fulfilled my previous idea. It hit the target level. FX:EURUSD rebounded from the support level, and it's heading towards the next resistance zone. It took out the previous week's lows and moved upside. The market, as you can see, moved into the range zone. The price usually moves sideways after the impulse moves. However, we have a big...
Last week's pullback from the 2185 resistance zone resulted in sideways movement instead of a clear pullback. The market remains within the range established on Tuesday. If OANDA:XAUUSD falls lower, a complex pullback could form. On a daily timeframe, this may resemble a fakey bar setup that involves a level rejection and support level bouncing. I expect the...
The market went lower, but it bounced off the support zone. It formed a long-tailed bar on the daily timeframe. The market tested the middle of the range zone and took the liquidity. The price broke and fixed above the 1.08500 level. I think the market may move sideways until the NY session in anticipation of the FOMC. I expect a pullback, then a move higher...
The price perfectly fulfilled my last idea. FX:AUDCAD is updating the swing highs and higher lows. The price broke and fixed above the range zone, and it formed a classic flag pattern, then made an extension upward. The price pulled back after an impulse move upward to retest the support level. The market bounced off support and channel border. It most likely...
The price is testing the resistance zone. FX:USDCAD is moving sideways on the 4H timeframe. The market has reached a strong resistance zone on the D timeframe, which suggests that we may have a pullback from the resistance zone. There is high-impact upcoming news we should be aware of that can shake the price in any direction. I expect a pullback from the...
The market tested the resistance zone twice, then pulled back to the support level. FX:EURUSD is moving sideways. If you notice that the price action formed a range, it broke it only after it formed another range zone. On the weekly timeframe, we have an inside bar. I think the market might retest the middle of the range zone, which is going to be a liquidity...
The price bounced off the border of the channel and broke through the range zone. I think the price may go down to the key support level at 110.000, then potentially move higher. The long-tailed bar at the resistance formed on the 4H timeframe suggests that the FX:CADJPY may update swing higher highs and higher lows. The price is moving sideways above the...
The psychology of chart analysis is the ability to quickly find patterns and key levels on a chart. It is the ability to quickly switch timeframes and see the main trend. But traders often fall into the other side of the equation. They turn into hypnotized people who do not take their eyes off the magic of charts. The trader hypnotizes the chart and the chart...
The price bounced off the support level. OANDA:XAUUSD is ranging by forming a traingle pattern. On the daily timeframe, it is an inside bar formation. The price might continue to range because we had a big bullish move. I think the market may keep moving sideways between 2150 and 2185; it could be the continuation of the price squeeze (triangle pattern). I...
The price perfectly fulfilled my last idea. It hit the target. The market pulled back to resistance after a breakout of the range zone. FX:GBPNZD broke the previous resistance zone, which is the support level now. I expect the market to fall from the resistance zone and the border of the upward channel. On the 4H timeframe, the price is below the key resistance...
Yesterday, news came out more positively than expected, which resulted in an increase in CAPITALCOM:DXY . Because of that, the market went lower, and bears pushed the price toward the swap zone. FX:EURUSD lost a moment at the support level. Therefore, I think the market might move up because the price bounced off the level before. Overall, I think the trend is...