Hello, So here I also think Eur/Usd will go long because it made a false breakout. In the most situation of a false breakout, the pair have a bullish trend. I would like to say that I'm still learning and that I'm not an experienced trader. Thank you & good luck to everyone.
Gap up Monday Morning, A test of Resistance $2.15 A bounce off and back down to test Support $2.00 Support fails and signals continued down trend Downtrend also fails and traps those who short at break of support. Price heads long @ $1.75 Start of long term uptrend Monthly Chart time frame Entry on the D1 chart.
False breakout ??.... I will short the structure until there is a real break out....
Hi Traders! This pair has put in false breakout as well as Double right after. There is also Bearish divergence on RSI confirming bearish bias. Currently pair has broken previous structure support, turning it to a resistance. Sell @ 1.13302 ATR Based stop loss above the previous heights @ around 1.13478 First take profit target @ 1.13052 Second take profit target...
Market has been in a range from the 1.163 level to 1.207 level. Price action towards support at 1.163 is clean. Price took out the previous candle structure low on 7 Nov 2017. There was strong price rejection following this. Sellers who short the break of the support are now trapped, many would sell off their position when price goes to breakeven, fuelling the...
Never have I seen a fakeout occur of this nature where so many candles(14!)close above the rising wedge as well as a surge of bull volume to go with the initial breakout and on top of the breaking above the neckline of an inverted head and shoulders pattern at the same time and closing 5 candles above it as well only to have the price somehow eventually crash back...
About to hit the resistance...doubt that we are going to pop up into the next channel since we are at the tapering end of a false bull flag on the short charts.
Channel is getting a bit wide but it's reaching for the resistance..highly doubtful that it will break through. Pretty much the same setup as my ETH chart a few minutes ago, but left this one in log scale. Currently at the end of a false bull flag in the short charts, I call this sideways death cycle "flopping around like a fish out of water".
The yellow line shows the bull flag tops equaling out..proof is in the pudding..will it be a true bull flag or a falsey?
GC made a false break down of balance. We should buy at first trend level 1322,8 with stop1, or wait for a correction wave to the balance levell 1311,9 with stop2
It was exciting to have a 4hr candle both break above the channel wall and close above it However we always need a follow up confirmation candle to close above the resistance line as well for a confirmed breakout and as you can see that didn't happen. after 2 red candles closed It was obvious that this breakout has become at least temporarily just another false...
USDJPY sill stay in range 112.25 -113.25 since 27 september. In friday at NFP publications we have false breakout but price quick back to the range. Daily friday pinbar could suggest quick breakout lower, but today session doesn't give us conclusion. Still waiting for breakout.
H4 - Price is moving inside a range. Currently the price is at the bottom of this range and we can look for buys as long as the range holds. Two possible ways to enter this trade: Conservative (H1) - Enter after breakout of the trendline. Aggressive (H1)- Enter once a bullish candle pattern forms after the divergence completes itself, which will also complete...
i hope not to see too many peopple jumping on this false double top. I bought again on the last kijun bounce.
Would like to share a very well confirmed with a time, way to filter out false reversal points for a good entry, with a very simple approach. I have tried my best to place all the information on the chart. Please feel free to ask me questions regarding subject. Also please feek free to read an article on how to count option levels here: marenno.com Sincerely
Nice false breakout of the inside bar pattern in line with the daily, weekly and monthly bearish trend. Entered at the close of the 4/4 candle. SL is just above the high of the false break, and and looking to take a 4:1 profit on this trade.