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Fakebreakout

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
US Indices Are Creating Possible Fake Breakouts!!Traders, Please be aware of the market conditions. We know that everybody is waiting for Santa's rally. But due to Corona as most things were different this year, Santa may not come for his rally. At the moment the price action is suggesting a possible fake breakouts on all 3 major US Indices i.e. SNP500 (SPX500), NASDAQ (NAS100) and US30 (Down Jones). Do not trust that the rally of 2020 will last forever. Nothing does. So be careful. A sudden shift can come by end of this year or the next. Few hedge fund managers have also bet against the markets for a bad ending to 2020 rally. So beware of this. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:NAS100USDShort
by vikinsa
12