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Fakebreakout

EURUSD the Morning Star candlestick pattern And soon can pumpBased on our educational post: Now we can expect local pump here for EURUSD based on two factors: 1. reversal and bullish candlestick pattern named Morning star. 2. so many stop losses hit when the price broke the daily support and it is a good sign too. (fake breakouts are a good reversal sign too) DISCLAIMER: ((trade based on your own decision )) This post is actually a review of candlestick patterns that we had by example and is not financial advice on EURUSD so do your own research for your trades. <>
Long
by MMBTtrader
34
BTC is near critical support, Can this downtrend be continued?#BTC Short term Analysis Bitcoin rejected from 52k-53k area rapidly, The only support that we can bet on that is 45500$. Breakout of this major descending trend line made me happy BUT it looks like it was just a fake breakout.(Bears have full control) If the 45500$ support is lost, the price will drop emotionally up to 42000$ and 40000$ support areas. I hope price can hold 45500$ support area, In this case we will move in this big trading range like past.
by TahaZargar
1
BTCUSDT Strong supports and Resistance ahead after new ATHAs we mentioned in previous analysis bitcoin had a fake breakout and started a new correction phase after a new all-time at 67K: Strong supports ahead: A. 56000$(0.38% Of Fib)----also there is local support on 60K at 1H charts---- B. 50000$(0.61% Of Fib) C. 40000$(Daily support) Strong Resistances ahead: A. 64500$ B. 67000$ Notice: after breaking each support or resistance that here mentioned we can expect pump|dump so if ATH resistance breaks then a huge pump is also expected and ... DISCLAIMER: ((trade based on your own decision )) <>
by MMBTtrader
23
BTCUSD is in 60K resistance zone and also ATH is ahead At this 4H update, we are looking at the previous trendline that broke and it seems that it was just a fake breakout and hitting stop loss of bears that were looking for a price like 60000$ to sell. But we should also consider that BTC is really bullish and also it can look for new ATH here if the price retest this broken trendline and start to pump hard like a green path. DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
30
BTCUSD is breaking all resistances here 70K is ahead or fakeout?As we can see a previous daily candle close above the red trendline and the market is pumping and soon price can touch ATH(all-time high) and only after breaking that red resistance zone more pump is ahead and this time we can look for targets like: A.70K B.85K C.99K Notice: if and only if prie once again dump below this resistance trendline then we had a fake breakout and the price can easily fall to supports like 50K. DISCLAIMER: ((trade based on your own decision )) <>
Short
by MMBTtrader
20
SMART Money or Bull Trap? 🐃 💣Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 BTC/USDT DAILY CHART 📌 PRICE ACTION - E-WAVE ANALYSIS - FIBO 📍 Bitcoin has had a fake breakout at the 52k price zone which shocked so many and cheered some up. 📍 I personally, thought the price could actually touch the 53k-54k price zone and after that we would see a dump to these levels or even deeper. 🧐 Looking at the chart from the E-wave point of view I give 1 (new cycle) and "B" (corrective cycle) both same possibility. ✍🏼 If the latest wave is considered the "B" wave we can clearly state that the the 0.618 Fib has been reached then we had a slightly sharp down-trend to 44-45k price zone ✍🏼 And if we take the latest wave as 1 (new cycle), we can still claim that; the price has not even retracted 0.382% of the first wave; which is typical for the corrective "2" wave... ... to be continued ...
Short
by C_EWAVE13
4
What Is a Failed Break?A failed break (false breakout) occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction. Failed breaks may also signal traders to enter a trade in the opposite direction of the attempted breakout. Since the breakout attempt failed, the price could head the other direction. A throwback is when the price retraces back toward the resistance or support level just broken. A throwback is not a failed breakout. How to detect failed breaks? A failed breakout reveals that there was not enough buying interest to keep pushing the price above resistance or below support. If a security does not see strong volume and substantial price moves supporting the breakout direction, the chance of a false breakout increases. Take a look at the chart and see how the uptrend line is broken with unexpected low trading volume. If there is significantly increased volume on a breakout, the likelihood of a false breakout developing decreases (but is not eliminated). However, a throwback may still occur.
Education
by BobRivera990
61
GOLD SPOT (daily time frame) - ShortFOREXCOM:XAUUSD There has been a strong support level since April 17, after the breakout that occurred on April 13. Also in the meantime, we can see a near resistance/ support level I confirmed these strong and near level by circling each testing that occurred on the level Also EMA 10 & 20 period tends to become the dynamic resistance Also have same view on 4hr timeframe, check it below After the turn around on the near support, the market went bullish till the near resistance. And from there, we can see a fake bullish breakout there which i alighted with rectangle , and afterward, the market movement turn downward, towards the near support level ... c Conclusively, I am having a sell signal on XAUUSD Trade Setup Call Type: Short (Sell) Entry: 1810.00 T.p: 1750.00 (on the near-support) S.l: 1825.00 (just above the near-resistance) profit in pips: 60 pips loss in pips: 15 pips Risk-reward-ratio: 1:4 Like and drop your thoughts as comment if you agree with me, or otherwise.. lets trade and win together Please, follow me..i will follow back as well
FOREXCOM:XAUUSDShort
by Skuchies_CryptoKing