Get started

Failedbreakout

BTC to 4k - SHORT (Hypothetical failure of multiple supports)I'd be fully prepared for a jump back to 5k8 but I dare say that rally will fail. If it happens and does fail, we're most likely gonna be going back to looking for support around 4k8. If that support fails, it's back to the 4k range. If that fails.. Welll.... I'd expect a 2k8 BITTREX:BTCUSD within months. Support Levels I believe that would need to successively fail in order for Bitcoin to reach true bottom. T.$4k8 T.$4k T.$3k4 T.$2k8 An attempt at $6k then finding support @ 5k8 will invalidate this trade.
BITSTAMP:BTCUSDShort
by Crypt0zTrading
EURAUD Possible Short Opportunity !!!!EURAUD recently broke out of trend line Resistance last week, but if you check out the daily chart you can see the last 3 days have all had rejections form Aprils high @ 0.618 , swinging above yet failing to close above on all 3 days, seems weak from the bulls. Stoch 55,5,3 is at resistance of 93 and RSI has big divergence on the 4 hour. The concerning aspect of a short in this spot is the high bullish volume bounce trying to turn the trend line resistance into support, apart from that everything else points to bulls tiring. Makes sense to observe Mondays action on whether EURAUD fails to turn this trend line into support !!!
Short
by Zaklowe1
NZDJPY 1D/1H ASCENDING TRIANGLE TRADESPrice is in an ascending triangle chart pattern There were 4 failed Bullish breakout attempts of the triangle top Price is falling to triangle bottom trendline 1H Short trade Sell Stop @ 76.20 Sell TP at bottom triangle trendline There will be a decision point at the bottom triangle trendline Long trade Price will rise up to the top triangle trendline Bullish breakout of top trendline Enter on a 15m break-hook-go chart pattern 1st Buy TP @ 77.42 2nd Buy TP @ 78.17 3rd Buy TP @ 78.68 Short trade Price will have a Bearish breakout of the bottom triangle trendline Enter on a 15m break-hook-go chart pattern 1st Sell TP @ 73.53 2nd Sell TP @ 72.04 Find your SL
by Tradingstrategyguides
Gold's medium term scoop - A Failed breakout and bear resumptionHi! Here are my thoughts for gold XAUUSD . - Gold is bullish since November 18th, 2018. Afterwards a solid pullback with a 38.2% rotation on the weekly and monthly chart. In fact, there was a failed breakout of the 1300.000 psychological level which was not more than a test of the downward trend on the daily chart since the high price 1348.000. Thus a lower high was formed at 1311.000. Analysis : - The resistance zone @1300.000 - 1305.000 appeared to be a high pressuring area for sellers. - Prices are likely to dip back at the support levels of the weekly and monthly chart (38.2% retracement of the Fibonacci levels). - The mid-term target is around 1275.000. - The volume decreased of 50%, showing a temporary interest loss. Feel free to comment or give ideas. Succesful trading!
OANDA:XAUUSDShort
by Theperfectionist
AUDUSD 4H SHORT TRADEWHY BEARISH BIAS TRADE Price had two failed breakout attempts of the 800 sma A 3rd failed breakout attempt of the 800 sma was a news related event Macd is below zero and Red signal lines Short Trades News related spike bullish candle low is support level to breakout @ .71725 Price should close below 50 sma 1st Sell Entry @ .71725 2nd Sell Entry is bearish breakout of 4h trendline 2nd Entry is made from a 15m chart with a break-hook-go candle pattern Sell Take Profit is the 100 sma so possible exit area is .7110 Watch Macd for direction
Short
by Tradingstrategyguides
2
[BTC] 3 Wicks Down: Bulls Too Eager, Bearish OpeningBTC was looking for a nice wedge consolidation and breakout to the upside, but bulls overextended the price up out of the wedge a little too soon, cancelling the high tension accumulating within it. Without enough buyer confidence to follow through on the early breakout, a 3-wick rejection has occurred so far. Since the consolidation tension was released too early, and without any pullback to retest the mid-range of the vast pump last week, buyer confidence has waned. Continuing to press for higher prices at this point could prove to be an uphill battle with fewer and fewer buyers to step in. Pulling back to lower levels will give the market more confidence to enter and slingshot prices higher. Bulls should let the technicals work in their favor to achieve the higher prices they are pushing for now with far more ease.
BITFINEX:BTCUSD
by serekamina
3
LTC goes to the North Pole to meet SantaDatetime : 23 Feb, 22:00 Berlin Time Since LTC seems to follow big daddy XBTEUR, I went bullish on LTC since I was bullish on XBTEUR. See my thought process on XBTEUR on 24 Feb in the related ideas section to find out why I was bullish on XBT. Also, note that that LTC clearly shows massive upward momentum following the downtrend with significant high on the MACD. This is a clearer sign of an upcoming uptrend. What trade did I execute? Time of entry : 22:09 Berlin Time Trade type : Limit Buy Direction : Long Trading pattern : Anti Entry : 164.8 Stop Loss : 132 (Last time I traded LTC, I got washed out by volatility caused by a failed breakout, so this time I made sure my stop is far away from the last low of the downtrend and even below the next support level at 137.9) Take Profit : 25 % at 182 (estimated end of next trend leg) and 75% at 192 (estimated end of the third trend leg). This last Take Profit level is subject to change later depending on market action. Results will be posted when the trade concludes. Disclaimer: If you trade based on this idea, you are solely responsible for any profit or losses that result.
Long
by IHasACrystalBall