GODREJ PROPERTIES will be in down side fake breakout has given .it will come back again in trend...... buying only will start from support zone as advised in graph
Fakebreakout
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.
pump after fake break out for GBPUSD 🚀As I mentioned before and based on our previous analyse here we have just fake breakout for the price 💣
we expect more gain for the price and if the price breaks our resistance and stay above the resistance zone more gain is ahead 🚀
This is not financial advice, always do your own research.
If you have any questions fell free to ask, you can write it in comments below and I will answer.
Fake Breakout or pullback? What do you think about this ?
is this a Fake Breakout or Pullback to Broken support line?
andrews pitchforkscalping opportunity in EURJPY,
local countertrendline broken,
whales have made up a fake breakout above the double top in order to hunt stoplosses,
which is good sign of going down .
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outcome of november: 1 loss, 3 win, 1-9 rrr+
BTCUSD is still bearishBTCUSD is still bearish. It's starting it's accumulation phase and after that it'll Sky Rocket to 84k
dogecoin analysedogecoin usdt
daily time frame
we are seeing a triangle pattern and exit the price from down side of triangle. and pullback.
ok. here we must have short position because of rules of triangle pattern. BUT
BUT I think it is fake and we must take long position and the first target is upper side of triangle
wonderful pump coming for eurusdbased on daily channel we expect more dump here
but
it can be just a simple fake breakout
and
if the price enters to the daily channel
again
it can sharply pump to the target that is indicated in the chart.
This is not financial advice, always do your own research.
If you have any questions fell free to ask, you can write it in comments below and I will answer.
GOLD intrady setup. Maybe 1840 first before 1760. 10/11/21GOLD price if could hold above wedge pattern support line may reach around 1840 , just breaking the long term down trend line (Red) for the "sake of " trapping" "trend line breakout " trading traders...
GBPUSD looks bullish and soon to be bearish1. The move comes from HTF support
2. Price to retrace back for buying opportunities
3. H and L of the day are marked, cross over to the H will further confirm the bullish move to the SUPPLY ZONE
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 ))
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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 ))
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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 ))
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A fake failureA fake failure is observed in the viewing chart
The market is expected to decline.
We must also pay special attention to the FOMC session. We will probably face a severe gold dump.
GBP USD Setup - 15-09-2021Hi Traders,
GU gave a fakeout of the structure and is likely to test the previous day Pivot or the trendline. Pls ensure proper risk management.
Happy Trading
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 ...
dogecoin fake breakoutI see in the daily chart an ascending triangle that was falsely broken a few days ago.doge is being compressed in the corner of this triangle.
the specified support area is very important.
note:this analysis is for educational purposes only and should not be traded based on it.
XRPUSD possible fake breakout and correction that is ahead We may have a fake breakout over here and if this daily candle closes below the red zone, then this fake breakout can be a strong reversal candle or pattern, and then we are looking for fall to targets like:
A. 1.20$
B. 1.00$
DISCLAIMER: ((trade based on your own decision ))
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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.
DowJones is waiting for the news !!!The Dow Jones is near its historic resistance. If today's news is in favor of the dollar, it is likely that this resistance will be broken and it will see higher goals.
Otherwise, due to the formation of a triangle pattern, the price rises to its resistance (the probability of a fake failure) and then experiences a fall.
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
USDCAD Analysis: Week 7/12/21 - 7/16/21OANDA:USDCAD
This is a situation where I see a possible fake breakout. Price broke out of the long term blue trendline and is forming a head & shoulders . In my opinion the fundamental bias for this pair tilts to the downside. I think if we see price breaking back below the trendline there could be some violent moves down as possible buyer stop losses get triggered. This analysis is going against the current trend, so it's a little more dangerous. Risk management is key!
News I'm watching out for. (all pairs)
Comments about the timeline of interest rate hikes.
Comments about quantitative easing (tapering or not).
Keep an eye on the opec+ spat. Watch for tapering of production cuts. Watch for oil demand projections returning to pre-pandemic levels earlier than expected.
Any news about vaccines being ineffective against new variants of the virus.
News about lockdowns due to virus variants.
GL Traders!
"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance." - Ed Seykota
