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Fakeout

GBPUSD - How to trade with Supply Demand - Fake Outs, TrendHello Traders! In this post I am going to show you how to trade Supply Demand. What is Supply Demand: Supply Demand is a strategy that works with the footprints of the banks, financial institutions, hedgefonds, ... The big players in forex. We simply follow their moves. Supply Demand Zones are zones where these institution may have their orders located. Example: I got a perfect example here on GBPUSD. We can see some nice Supply Demand Zones. Also we got Swap Zones which are Supply Demand Zones where the quantity was not given in order for the banks to drive the price up or down. Below the Zones we have Resistance Lines. They are often used for Fake Outs like we can see on the charts. Afterwards the price is pushing back down. The same steps again and again. This is how you can easily trade Supply Demand in a Down Trend by following the price from zone to zone. That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions. Thank you and we will see next time - Darius.
Education
by DariusFxTrading
6
Trade Idea for AUDJPYWhen we look at the chart we can see that there was a breakout out of the wedge. What I think is that it is a fake out and that the price will drop one more time before it goes up. If this is a breakout and it can brake above the resistance zone than I will also be looking to go long on it. What we also need to keep an eye out for is that if the price is going to drop. That it does not brake the lower wedge that you see on the chart. Please let me know in the comments what you think of it.
Long
by MaBaCapital2
BTCUSD: Inverse Head & Shoulders Fracta - Deadcat to $9.4K?Bitcoin is starting to form the previous inverse head & shoulders pattern on a smaller scale, potentially creating the continuation pattern of a bear trap followed by dead cat bounce to $9,400 support turned resistance, before moving back below $9K for lower lows after the monthly (as well as quarterly and bi-annual candle) closes. Based on larger time-frames, $8.8-$8.95K should act as strong volume support. RSI & CMF are diverging with the similar setup. RSI oversold double bottom currently testing neutral zone within right shoulder, CMF bearish selling pressure divergence from left shoulder to head flips to buying pressure and re-tests the neutral zone in the right shoulder. Below $8,637 (50 Week MA), price could fall fast if bears follow through with sufficient volume. It's the perfect setup for a bear trap, followed by the obvious bull trap into strong resistance. Candle closing metrics based on current price: Monthly gain/loss: -4.28% (bearish) Quarterly gain/loss: +40.95% (bullish) Bi-annual gain/loss: +23.23% (bullish) 4hr view continued: A few possible scenarios Daily view: Hash Ribbons Buy Signals 2016-2020 Extrapolation Weekly view: Logarithmic Curve & Network Growth : $100K in 2021?
BITSTAMP:BTCUSD
by dragononcrypto
Possible drop in S&p500When we look at the chart we can see that there was a wedge breakout on the 1H chart. I think that this will be a wedge fake out and that we will see real wedge breakout when it will retest the wedge. We can see that it closed very close to the wedge. We will have to see what it does when the market will open but i personally think that there is a good chance of another drop. Please let me know in the comments what you think. Disclaimer: This is just only for educational purpose. I am not telling you to Buy/Sell anything.
TVC:SPXShort
by MaBaCapital2
2
Aussie might retrace to the highsAUDUSD has broken a small trendline in H4 and during the morning it has formed a long shadow with a close over the support and the 100 EMA, I think that the shadow was a stop hunting caused by big banks in order to create liquidity for an upside movement. The trade has a risk reward ratio equals to 1: 3.13 so it is excellent! If you want to avoid to be stopped out do NOT place a phisical stop loss, you'd better to close manually if an h4 candle closes under 0.6790. Pay attention at the RBA meeting tonight, remember that fundamentals of australian economy are quite weak so this trade is against fundamentals (I think that the fair price for this pair is around 0.665/0.67), this long trade is pretty risky and against the big picture (daily and weekly charts) so use a small size in order to mimimize the losses. Enjoy your trading
Long
by Dragon_Investments
1
EURUSD Wave AnalysisEURUSD had some strong moves the last days. The wave count could either be ABC or an impulse. Last impulsive move could be wave 3 or wave c. We got nice price action at the turning points. For the low of wave 2 we got a perfect fake breakout from the outside/mother bar. It is even clearer on the 4H timeframe: 4H Chart Pinbar was formed and price began to rally for wave 3. Now another fake breakout was formed. I expect EURUSD to move to the last major high, which would finish the 5-waved impulse. (golden area) We should look for some nice price action on 1H/4H chart with would probably come with divergence as usual between wave 3 and 5.
Long
by Phils_Ocean
rising wedge The aussie has formed a huge rising wedge during last months, there was a fakeout las week and I think price could drop during next weeks of June. One of the first target is the 200EMA at 0.665 and the second target is (as you can see in the chart) is the 50% fibonacci retracement of the leg started in March. Australia-China tensions are becoming stronger and could have an impact on global markets, Westpac announced that Australia GDP will probably shrink by 4% during the 2020 and global slowdown might still have effects on indices and riskier currencies such as aud,nzd. I hope you enjoy my analysis, follow me to get more signals. Audusd short has almost a risk/reward ratio of 3 , which is very good for this kind trade anyway remeber to risk 1% of your capital. Have a nice trading!!!
Short
by Dragon_Investments
A shark is formingAUSSIE has broken the resistance 0.6570 strongly yesterday, but the price is still capped under 200 ema in daily timeframe. I personally think that this move over the resistance is fake because there is an overbought condition in Sthocastic in H4 and this kind of signal worked quite well previously. Then fundamenally USA-CHINA tensions are still dangerous for the pair and we might see a retracement of australian dollar. Use a good money management. signal: sell audusd with target 0.6410 and stop loss at 0.6635
Short
by Dragon_Investments
NZD/USD - Sell Off Incoming?!What Is The Market Telling Us? We have seen price range between the resistance and support of the channel Market decived bears with a fakeout of channel on downside, triggering many BUY order for price to re-enter the channel Previous evel @0.61460 has been broken with over-extended bullish candle, bringing more momentum for price to reach resistance for sell off Strong bullish rejection has been shown from long upper wicks rejecting horizontal & trendline resistance
Short
by forexwithfred