Falsebreak
Dax ForecastD1 - Price is respecting the 13,000 psychological level. False break with bearish divergence.
Expecting corrections to happen now.
H4 - Head and shoulders pattern. Currently, the price has broken below the neckline.
Expecting the price to continue lower further.
Tesla False Break Out | Prijs Weer BullishIn de post van gisteren zei ik dat het waarschijnlijk is dat Tesla naar de support van 900 usd zou gaan om twee redenen.
1: Tesla brak bearish uit de descending triangle.
2: De prijs zat onder de 21 ema.
Wat nu echter is gebleken, is dat Tesla vandaag hoger opende dan de close van gisteren. Vervolgens zit de prijs boven de resistance van de 21 ema en de triangle. Dit zorgt er dus voor dat we onze mening moeten veranderen van bearish naar bullish. De data verteld ons namelijk dat de analyse van gisteren niet juist was. Wat je wilt voorkomen is dat je als trader je koppig gaat houden aan je eigen analyse. Wat je wilt of wat je denkt wat gaat gebeuren, is soms anders dan de realiteit. Accepteer die realiteit en zorg ervoor dat je direct klaar staat om een goede trade te maken, ondanks dat je analyse onjuist is verklaard door de data.
AUDCAD Short Term ForecastD1 - Bullish trend pattern.
The price has reached a key resistance zone formed by the 161.8% (0.96314) fibonacci expansion level of the first wave and the 61.8% (0.98591) fibonacci expansion level of the second wave. Shooting star candle pattern, potential bearish divergence.
Expecting corrections to happen now.
H4 - Engulfing candle pattern. The price has created a false break of the wedge pattern.
Expecting the price to continue lower further in the short term.
NZDUSD Short Term ForecastH1 - Bullish trend pattern completed. Expecting bearish pullbacks.
False break, bearish convergence, bearish harami candle pattern, and most recent uptrend line breakout. We may consider these as evidences of bearish pressure.
Expecting further continuation lower in the short term after pullbacks.
False break for the EuroAre we looking at a false break on the Euro USD according to the Indicator we are trading along the top 1% of price movement at the 3 standard deviation meaning we could be looking at a quarter high with that we are also above 1.100 which was a key level to start looking for move in price action we may see parity which would have this pair fall to 1.00 before the market makes its decision on its next move.
But we face a high probability that the down ward pressure in this pair is here to stay
Targets: Short at 1.100
Exit at 1.00
USDJPY ForecastH4 - Price respected the key support zone formed by the 106 psychological zone, alternative trend line, and the 61.8% (106.371) fibonacci expansion level of the first wave we have.
We also had a false break of the alternative trend line and the last low, bullish divergence.
The price has also broken above the downtrend line and has created higher highs.
H1 - Bullish trend pattern, currently it looks like a pullback is happening. Bullish hidden divergence.
Expecting further continuation higher after pullbacks.
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.
