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Fakey

Gold's getting close to a hot spot!HEY TRADERS!! Well well well on a weekly chart we can see inside bars so fakey may be coming next. We have only one session to produce that weekly fakey tomorrow. So in short we have 2 options: Either we bounce from gold fibo(618) tomorrow or we will drop lower to 1172 area to hit a hot spot (786 fibo +monthly TL). If we bounce again from that monthly TL we could also see possible Double Bottom to be created. What are your thoughts traders? LIKE & Follow US HAPPY TRADING!
OANDA:XAUUSDLong
by Markets_Made_Easy
USD/JPY false break reversal setupTextbook false break reversal setup forming on USD/JPY. Daily inside bar at the upper bollinger band followed by a false break to the upside. Going to enter this trade on the close of the 7/19 candle, placing my stop a little above the high of that day, and my take profit down at the lower band. These setups are slightly rare, but extremely powerful; they often result profits of between 7-10 times your risk. For reference, see the long setup on 7/8. Ended with a R:R of 7.35. Happy trading.
Short
by michaelfehser
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