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Fakey

Strong EUR? - A EUR/USD AnalysisEUR/USD has displayed bullish characteristics over the last couple of weeks. - We have reach a high in the market @ 1.095. - This high was made after a bullish A,B,C,D pattern aka (Trend). - In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085. - We currently have made a bullish pin bar rejection candle on 3/19/2024. - Currently we have untapped orders at 1.098, this is where I believe prices want to go in the next month. - Breaking the 1.098 level, could lead to a bigger move up toward 1.11. ** as always, trade smart, trade responsible, and manage the risk as much as the reward **
Long
by ThePipAssassin
2
EURUSD: Bearish Fakey Setup | 13-2-2022 EURUSD: Bearish Fakey Setup Price Action: Price sold off from the recent Bearish Fakey Setup that had formed just under the 1.1482 – 1.1523 key resistance area, late last week (We suggested selling from this setup in the February 11th Newsletter). The recent Potential Bullish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some members on this market. We preferred to wait for a sell signal last week). Potential Trade Idea: We are now considering selling if price pulls back to the recent Bearish Fakey Setup breakdown area, whilst price remains under the 1.1482 – 1.1523 key resistance area.
Short
by UnknownUnicorn393254
1
XRPUSD : Dropping next a couple weeksI see many SELL signal in Daily and Weekly chart! 6/7: Waiting for sell signal to come --> Expect time to form signal: 8-9 (2,3 days) Maybe set a Short now TP to Target 2 so now let's have a look at this - Effect of the waiting signal: + break from zone and then go down to Target 2! (+++) Or + Fakey false break, and then go up(++) My thoughts are: - Bitcoin is believed to have a correction, then rise, maybe Ripple and other crypto will be affected due to this - USD met ATH about 4thJuly so it's gonna drop a bit before going any higher! So, XRP gonna rise, not much, but rise! Before then( which i think will happen at the end of July) my idea is that it will Drop Buy now: 0.40233 SL: 0.46249 TP: 0.3 RR: 1.7 ( not too high) but probability is at medium-high!
BITFINEX:XRPUSDShort
by minhdang3264
3