Silver Sell IdeaIdeally I want to see silver pushing slightly higher to the down trend line creating a false break. I'm following the bullish trend line. Once broken down, after a re-test I will be looking to sell.
Falsebreak
EURAUD Sell IdeaWe have already seen a bearish false break on the H1 chart. Price has also broken down the last low, just now. We are now in the final step, where we want to see a pullback and sell from there.
On the M15 chart ideally we will see a double wave up and then we can sell if bearish divergence forms. I have marked for you a sell zone where i expect the pair to stop the correction and continue lower. There is also a bearish trend line from the highs which acts as dynamic resistance and perfect level to use for our stop loss.
USDCHF - Possible false breakPossible false break below the support zone. Buyers came in with force and if they can manage to keep the sellers at bay we will most likely see a retracement into the support zone where fresh buyers might enter and push prices up to 0.9800.
USDCAD Buy and Sell ScenariosBUY SCENARIO
Pair is currently breaking above a short term trend line and I expect a duplication of the last wave up. If we get a small correction in order to improve the risk reward ratio we can jump into a buy Aiming the duplication zone where we can switch to a sell.
SELL SCENARIO
If the pair reached the sell zone as marked on the chart, look for a false break + bearish divergence as an entry, or alternatively sell with the break of the most recent up trend line to form.
Sell USDJPY D1 chart has made a false break of the down trend line and has also formed bearish hidden divergence.
You can either sell now market price protecting 107.00 level at least OR you can wait for the breakout of the range that the price is trading in right now.
Targets as shown in the chart.
intraday AUDUSD Buy Setup[There are two possible scenarios to buy the AUDUSD pair.
Scenario 1:
Wait for the price to enter the BUY ZONE on the H1 chart, wait for the divergence to complete itself (MACD tick up) and a bullish candle pattern to appear - then buy.
Scenario 2:
Drop to the M15 chart, wait for the price to enter the buy zone, let the price create a false break, then break above the most recent high, and only then buy during the correction.
Protection in both scenarios should be below last low created.
AUDNZD Buy IdeaI'm looking for the pair to create a false break on the H4 chart. Next step is to see a break above the most recent high and once that happens i will focus on buying corrections as shown in the chart.
USDCAD Sell Towards The Trend Line After Another False BreakThere is a triple cycle completing itself on the H1 chart. If we get another false break as shown in the image below, we can look for a convergence principle - pair to gain bearish momentum by breaking the last low after the false break - and then sell the correction in order to improve the risk:reward ratio.
Gold Sell SetupThere is a great potential sell setup forming in Gold on the H4 chart. Commodity has been trading higher for the past few weeks and it is not approaching good reversal levels, even if only for the short term. The bearish divergence is another confirmation for the bearish outlook
Once the false breaks are there, next step is to look for a correction. Ideally we will get a double wave on the intraday charts M15/H1 and we can sell. The sell could be triggered either from a false break at the end of the double wave correction or when the short term up trend line (connecting the lows of the double wave) is broken down. First method is a bit more aggressive but the risk:reward is usually better compared to the second method which is more conservative.
Protection in both cases should be above the last high and the target is near the H4 up trend line (image above)..
False break of rangeFalse break of corrective structure. Looking to buy at a retest of the range low with a target at the range high.
Better image for my anterior short position 2.5/1 ratio for Asia
Good aceleration, good trap in the flip.
Silver Sell Idea Double false break on the top followed by break below last low on the H1 chart would be ideal setup to look for sell opportunities.
If that happens try to catch the correction and sell.
Double False Break And SellI want to see a double false break on the H1 chart, followed by break below last low created to confirm the bearish momentum. Once that happens I will be looking for pullbacks near the trend line to sell.
Sell Oil After a break below 50.70There is a possibility for oil to create a false break on daily chart and we already see divergence on daily chart MACD histrogram.
On the H1 chart if we get a break below 50.70 it will be a good idea to sell rallies.
Trend strength increasing, False break/ABCDPotential false break above 127.000. Sellers quickly managed to push price back below the level.
The bearish trend seems to increase in strength and looking at the measured move objective we could get a substancial bearish move if the false break manifests.
I would only look to short around 127.000 if we see a weak pullback into the level. If the move into the level is strong and impulsive the buyers may be making a new attempt to break through the level.
False break above key resistance in major downtrendWe might be seing a transition from the bearish into a new bull trend long term. Buyers managed to push through resistance around 0,68800 but the selling back below the level was pretty strong so this might be a false break.
If the buyers really were in control they should have managed to keep price above this level.
IF and only if we get a weak pullback into the level I would be open for a potential false break setup and short trade. Since the structure is indicating a transition, first target should be kept fairly close (0.65000) in case we see new buying strength coming in around that area if there really is a transition. If the sellers are able to maintain control and 0,65000 folds, the logical second target would be around 0,62500.
Only a new forceful push and close beyond 0,68800 would negate this bearish/false break scenario in my opinion.
Dax can't cope with the round 10000 levelGerman Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...
DAX false break out, nose diveGerman Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...
Gold Sell SignalSpike or false break above the last high together with divergence and we have a sell signal.
For a more conservative entry wait for the trend line break
Target 1: $1100
Target 2: $1090
Stop Loss: Above $1135
Holidays Season Trading - Increased volatility and riskI've been asked a lot about trading during Holidays Season.
There are several things you need to be aware of if you intend to trade during Holidays Season that starts this week:
1. Low liquidity - Market is thin as banks, funds, institutions and pro traders take time off
2. Unexpected moves and increased intra-day volatility. Aggressive price reaction to minor events.
3. Frequent False Breaks - Especially in volatile pairs like $GBPNZD
This $GBPNZD chart is a great example of how 300-400 pips range with 3 major structure zones held for more than 2 weeks. Notice the multiple False Breaks to all structure zones.
In order to manage through the Holidays period here are 3 tips:
1. Use smaller positions size.
2. Use wider stop loss - Focus on Major structures and trend lines
3. Take profits on short term targets and move stop loss to BE.
Tomer, The MarketZone
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Major weekly false break - What's next$FAS is testing the bottom of a weekly channel. Critical support zone to watch but on the longer term, I'm bearish
GBPAUDReferring to my earlier analysis on the daily chart for this pair in the link below, this market has gone deep into the identified support zone and pushed beyond the lower end of the zone before rallying back up into the zone at the point of writing this post.
The candle in H4 chart is not closed yet. Will wait and see if this is the false break I have been waiting for to send the price up.
USDJPYLast week, market tested and broke resistance zone around 102.75 three times but failed to close above it. From the chart, we can see the three candles with long upper wicks showing rejection of resistance zone. Will be looking for short opportunities from any retracement back to 102.75 level.
