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Fakeout

IT MIGHT BE A FAKEOUTNZDJPY is over the resistance of the rectangle(range trading since the end of March), we have topay attention because MACD is creating a divergence and price could come back inside the range. We need to wait before opening a position, if price comes back under 66.10 by the end of the day we could open a sell, otherwise we will buy with target 68.20. Pay attention tu fundamentals because USA-CHINA tensions are not over and riskier currencies like aud,nzd might come back strongly.
by Dragon_Investments
Bitcoin Supper Bullish Scenario!As you can see in the chart, In the last few weeks we have witnessed two very strong and Important events: 1- V-Spike Pattern: Bitcoin dropped about 60% in just 2 weeks and then recovered almost the entire previous drop in less than 2 month. This move can be considered as a strong bullish sign in the market. Because the bears used all their power to lowering the price but they couldn't break the major support and the price recovered very quickly after that. 2- Fake Break Out: Formation of this pattern is one of the strongest signs of a bullish market. As you can see in the weekly time frame, we have an important trend line (red uptrend line) that has broken a few weeks ago. But now the price is again above the trend line and I think we can't break this trend line for the second time because it's super strong now. with all that said, I see two bullish scenarios for the bitcoin price. 1- Breaking the downtrend line and keep going up. $32,000 is the target for this scenario 2- Rejection from downtrend line, correction to the uptrend line again ($7,500 range) and then continuing the upward move. I Will Update this analyse in the next few weeks.
Long
by HyperProphit
6
AUDUSD long position off of support AUDUSD has been in a range after consolidating following a sharp move higher on the daily chart. Look for price to pierce below the range then strongly revert back into the range. Take your long trade after a pullback from this sharp move back into the range. You want to trap the sellers into believing they can push the market below the range. Once they fail, their stops will be triggered and provide momentum back to the top of the range. Only buy after the market pulls back after piercing back into the range.
Long
by altavistafutures
BTC: Making sense of what's about to happen.))Hello eveyrone, I hope you're all doing well. This is tuned to long term investors or swing traders. Btc has gone up incredibly. While I'm not invested in Btc for fundamental reasons, I want to share my understand of the technical analysis. We all know Btc halving is about to happen soon. I just wanted to see where bitcoin core might continue to go up or have a bearish army waiting. Trendline 1, is from the ATH to previous big high. We need to see a few days in on how this will play out, including the halving. Trendline 2, is the bottom after the ATH, it's only fair. I put a circle on how I determined the best trendline. I put an X near the latest low because of COVID19, so I'm not going to ruin my whole analysis because of a pandemic, and if you look closely it basically removes the wick of the candle. I'm willing to take the risk with Trendline 2, cause if I buy at trendline 2, id be better off than buying the breakout at Trendline 1 or 3. Trendline 3, this is a more recent high trendline. Trendline 3 cuts through the recent $10,000 price, I think thats a good trendline, nothing in the market is perfect. This trendline breakout might be an indicator of an early fake breakout. I'm not lookng to be right or wrong, I am just trying to play out possible scenarios so I can be ready for as many scenarios as possible, insuring my investment is safe. I also placed a fibonacci, you can see I removed the bottom lower lines because I don't like a cluttered chart. Most of my analysis is looking for the trend or reversals. Entry decisions are simple, enter in the dip. The trend or reversal point is my biggest point of interest. Entry is the simple part for long term investors. Let's see what happens over the next few days, I can't wait for the halving. Please like, share and follow, I'd really appreciate it. I hope you found value in this analysis. I have also related my Bsv fakebreakout, and 'buy low, sell high' explanation. Safe investing ))
BITSTAMP:BTCUSD
by JacobTrader100
POUND DOLLAR MARKET REVIEW (POST-MORTEM)Hi Traders! Before the market close this week, we can see strong bullish bias on the price action. But that's a good news for sell opportunity due to price already touched QML level and we have a fakeout signal which we can expect the price will slightly bearish next week. However, if the price break 1.26441, might be it will break our resistance level previous high and possible to make highest high. So let's take a break for public holidays and enjoy our time with family. We battle again next week!
by traderfiz
EUR/JPY SELL SIGNALHey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation. Market Sell: 116,210 Stop-Loss: 116,415 Target 1: 116,000 Target 2: 115,900 Target 3: 115,790 Stop-Loss: 20,5 pips Risk: 1-2% Risk-Reward: 2,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
1
AUD/JPY SELL SIGNALHey tradomaniacs, welcome to another free trade-plan. Important: We are trading ahead the FOMC which begins in 1 hour! Since the market is very news-driven any statement can CHANGE everything and cause a whipsaw in the market! Technically we see a fakeout to the upside at a very strong key-resistance. PLEASE do not enter this setup if you are not willing to trade with a high risk in a volatile market. Type: Daytrade Market-Order-Sell: 67,650 Stop-Loss: 68,070 Target 1: 67,210 Target 2: 66,950 Target 3: 66,540 Stop-Loss: 42 pips Risk: 0,5-1% Risk-Reward: 3,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
Adam & Eve Double top pattern testing the neckline; Fakeout zoneThis is starting to look really ugly for bitcoin now as we are testing the neckline of what appears to be an upward slanted adam and eve double top. If we are to trigger the breakdown here we have a target of 4600-4700 which would be a horrible sign for btc as it would suggest a lower low from are most recent bottom is in store for price action. However we must remember it was this same time of year in 2018 where we were charting an adam and eve double bottom and it too went all the way to the neckline acted like it was goign to complete only to fakeout at the very last minute and destroy countless longs positions along the way....so learnign from recent history, there is still a very real possibility this pattern could be trying to accumulate as many shorts as possible here at the neckline in order to confirm a fakeout out the last minute and wreck a ton of shorts like it rekt all those longs in 2018...for this reason we must remain level headed here not buy into the FUD and wait for clear confirmation of either the breakdown or the fakeout. the eve portion of this potential double top is also an upward slanted 4hr chart inverse cup and handle so if only that portion of the double top pattern were to validate it in itself has a breakdown target of 5k. I personally think however it is either going to validate the entire double top or nothing at all if it confirms the fakeout. If it confirms breakdown target = 4.6k. For now we are still in the fakeout zone.
COINBASE:BTCUSD
by DrDovetail
5