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Fakebreakout

Bitcoin Aiming to Reach the 41,873 Mark 🚀🚀🚀💡 Trade Idea 📉 BTC/USDT (Bitcoin) @ 32998.37 🎯 Target Profit 41873.23 🛑 Stop Loss 29875.73 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price is in a clear uptrend, and it managed to score all time high few days ago by marking the 41875 level. Now, the bitcoin is in a pullback where we expect a continuation of this retracement to the 61.8% level (33057.85). Around this level we could see the price stalling since we have an support trend line, and then we might expect a move upward towards the 41873.23 level.
BITSTAMP:BTCUSDLong
by CollegeofPips
4
GBP/JPY Might Reach the 138.46 Mark 🔨💡 Trade Idea 📉 Sell Limit GBP/JPY @ 139.80 🎯 Target Profit 138.46 🛑 Stop Loss 140.28 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair is ranging inside a corrective channel after it failed to move upward above the daily resistance level (140.17). We might see a higher correction to the higher end of the corrective channel and then a move to the downside towards the 138.46 level.
Short
by CollegeofPips
2
A potential Move of the NZD.CHF Pair to the 0.6240 Level 🔨💡 Trade Idea 📉 Sell Limit NZD/CHF @ 0.6319 🎯 Target Profit 0.6240 🛑 Stop Loss 0.6351 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was in an upward movement but succeeded to breakout the white trendline to the downside by showing a double top. This common pattern indicates a potential reversal from an upward movement to a downward one. The pair currently is trading around the 0.6319 level, and we expect afterwards a downward movement to the 0.6240 level.
Short
by CollegeofPips
2
Fake-out of an Ascending Triangle for ETH?Or, will the Moon Boys come back into the market & Ethereum will find some buying pressure around the blue upward sloping support of the Ascending Triangle. There have been multiple rejections on the horizontal resistance of the pattern, the more a trend line is touched the more likely it's going to be broken, in either direction. I have drawn a green pathway to represent a potential hypothetical scenario. The RSI & KST don't indicate much on this time-frame besides being oversold on boh indicators.
COINBASE:ETHUSD
by ScotianBot
2
The Yellow Meta is Heading to the 1928.96 Mark 🚀💡 Trade Idea 📈 Buy Limit XAU/USD @ 1862.26 🎯 Target Profit 1928.96 🛑 Stop Loss 1829.01 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: Gold is trading inside a wedge pattern after succeeding to break the daily resistance level (1862.26). A slight move downward might be seen to the new daily support level and then most probably an upside movement is expected to the 1928.96 level.
OANDA:XAUUSDLong
by CollegeofPips
5
GBP/USD Might Be Seen Around the 138.40 Level 🔨🔨🔨💡 Trade Idea 📉 Sell Limit GBP/JPY @ 140.11 🎯 Target Profit 138.40 🛑 Stop Loss 140.46 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair is trading within a channel formation, but it reached a daily resistance (140.24) without succeeding to close above it. Now, it moved to the downside but our expectation is a slight correction to the highlighted zone and the a move downward to the 138.40 mark.
Short
by CollegeofPips
4
EURGBP Aiming to Reach the 0.9142 Mark 💡 Trade Idea 📈 Buy Limit EUR/GBP @ 0.9037 🎯 Target Profit 0.9142 🛑 Stop Loss 0.8985 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The pair has moved to the downside but could not close below the daily support (Red Line), by showing a double bottom around this level. Now, the price is bullish, a slight retracement might be seen to the neckline of the double bottom and then a new move to the upside to reach the 0.9142 level.
Long
by CollegeofPips
2
CHF/JPY | Potential Downward Movement💡 Trade Idea 📉 Sell Limit CHF/JPY @ 117.07 🎯 Target Profit 116.12 🛑 Stop Loss 117.29 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was trading within a bullish channel and managed to breakout from the lower side. The market has posted a correction and could not surpass the 38.20% Fibonacci retracement indicating a potential reversal with an expectation of a downward movement to the 116.12 mark.
Short
by CollegeofPips
EUR/GBP | Potential Upward Movement💡 Trade Idea 📈 Buy Limit EUR/GBP @ 0.9000 🎯 Target Profit 0.9125 🛑 Stop Loss 0.8939 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price failed to close below the daily support 0.8866, and it posted a double bottom indicating a reversal from downtrend to an uptrend. Now, the price is trading around the neckline of the double bottom and we expect a lower correction before a move upward to the 0.9125 mark.
Long
by CollegeofPips
10