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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.
Short
by VladimirRibakov
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.
Long
by VladimirRibakov
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.
Long
by VladimirRibakov
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)..
FX:XAUUSDShort
by VladimirRibakov
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.
Short
by Sascha_Gogolin
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.
Short
by Sascha_Gogolin
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 This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews for the week - goo.gl To subscribe to the newsletters - goo.gl Follow my blog - goo.gl Subscribe to my Youtube channel - goo.gl
by themarketzone