Falsebreak
HSI futures - false breakout setup a high risk-reward tradeHSI future forms a wedge making me bias to bearish.
Today, it breakouts the previous swing high, EMA50, and a mid-term downward trendline, and immediately drops below, expecting to close as a pinbar.
A classic false breakout setting with 5 conflence factors (also considering the fib retracement, and the long-term resistance).
A 2.5 risk-reward trade will be enter around the close.
SP500 Short Term ForecastH4 - Triple cycle to the downside completed, price is holding above a strong support zone, false breaks with bullish divergence.
Downtrend line breakout, we may now expect possible short term retraces to happen.
H1 - Bullish trend pattern, until the buy zone holds my short term view remains bullish here.
Invalidation - If the price breaks and holds below the 61.8% fibonacci retracement level then this short term bullish view will be invalidated.
GBPAUD for buyThe price is near the resistance zone, it has already made a false break but now it has returned to the trendline and bounced, so we are expecting it to continue the upward momentum.
Remember to check RSI and MACD for further confirmation
Comment your thoughts!
GBPUSD expecting bearish continuation after breakoutThe pair formed 2 false breaks and 2 divergences during the rally on the H4 chart. Looks like a head and shoulders pattern is also forming. Breakout below the neckline should push the pair lower
NZDUSD Buy IdeaD1 - False break with bullish divergence.
H1 - Special or triple cycle forming.
We may now look for pullbacks and then buys with more bullish evidences.
USDCHF Sell IdeaD1 - Price has reached the top of the range.
H4 - Multiple divergences, false breaks and nice engulfing candle pattern.
We may look for possible sells with bearish evidences as long as the top of the daily range holds.
EURJPY sell Looks like we are in the start of a down swing .
Therefore will try to take short tomorrow in London / US session , after price manipulation/reversal .
Best of luck :-)
OIL : down momentumLooks like Oil made a false break and now momentum is down.
This down swing momentum could easly lead to 300 pips move first target, Therefore i will try to sell inside the day .
Best of luck :-)
USDCHF : looking to buy inside dayIt seems like USDCHF made a falsebreak down and now starting an up swing .
Therefore i'll look to buy inside day in London / US session.
Plus , Depends on the strength of the move , there is a bigger target on weekly chart .
Best of luck :-)
EURUSD bottom setteled ? ....Today was big reversal and it seems like a bottom .
Look at the chart and see the weekly upswing possibility and daily .
For now I look to buy intraday only !
Best of luck :-)
EURJPY Buy IdeaW1 - Price reached the bottom of the channel and is moving higher, bullish divergence.
D1 - Bullish divergence, false breaks, currently the price has created higher highs thus forming a bullish convergence.
We may now look for pullbacks and buys with bullish evidences.
H4 - We have a bearish divergence, until the last low holds, we may look to buy retraces with bullish evidences.
NZDUSD Buy IdeaD1 - Bullish divergence, Bollinger band duplication.
H4 - Price is verifying its own divergence.
H1 - Two false breakouts and higher highs. We are in a condition of three higher highs, three higher lows.
We may now look for retraces and buys with more bullish evidences.
IDX:ANTM Create a Double Top PatternANTM (Aneka Tambang, Tbk.) create a reversal pattern with false break. Now ANTM trying to close the gap and more likely going to first support at 1015 and next support at 950.
EURUSD Sell IdeaH1 - Currently it looks like the special cycle has completed itself. We had false break and bullish divergence.
Currently the price is moving higher, hence as per the book scenario we may now expect a correction to happen towards the 38.2% – 50% fibo retrace zone.
We may then start looking for sells with more bearish evidences.
EURGBP Buy IdeaD1 - Hidden bullish divergence, price has created a false break of the uptrend line.
H4 - Two false breaks with two bullish divergences.
Now price is attempting to break the most recent high.
If we get a valid breakout above the high shown in the chart, we may then look for possible buys with more bullish evidences.
GBPCAD Buy IdeaH4 - Price reached the bottom of the bullish channel, bullish hidden divergence.
M15 - Two false breaks with bullish divergence, price has broken above the last high.
We may now expect possible continuation higher.
USD/TRY is forming a second pennant move We can see on the half hour graph that USDTRY is forming a second pennant formation.
We have to wait and see other indicators to support this move such as Parabolic SAR and RSI. Moving average is crossing the bollinger middle band as I'm publishing this. Volume is getting higher in each stick forms. Also bollinger bands narrowed down for a move. Target of this pennant will be around 5,81
This morning price made a false break of pennant support. Just like it did on the first pennant formation. And the steep uptrend started right after this false break. Most probably that false break stopped many people's trade.
Bayer Buy IdeaW1 - Double cycle down, false breaks with bullish divergence.
D1 - Inverted head and shoulders pattern, price broke above the neckline, bullish divergence.
Any pullback is an opportunity to look for buys with more bullish evidences.
GBPCAD Buy ideaD1 - Special cycle, we have two false breaks with two divergences.
H4 - Bullish divergence, false break. Price positioned itself above the D1 100% fibo extension. In other words trading above the critical level.
Hi - Currently it looks like a pullback is happening, once the pullback completes itself we may then start looking for buys with more bullish evidences.
GBPCHF Buy IdeaD1 - Double wave down completed, bullish divergence.
We may look for possible retrace to happen towards 38.2 fibo retrace zone.
H4 - We had false break with bullish divergence.
Price has currently broke above the last high, we may now look for pullbacks and buys with more bullish evidences.
