Get started

Falsebreak

Cac is making a complex correctionThe bounce in Cac after the big October stock rout has pretty much run out of the energy. It has traded back into the 5080 - 5180 area before the last down leg. Now there is a sign that it might be breaking down from this trading range. However, the break looks lacking conviction and absence of follow through. It is possible that it gains down side momentum during the NY session together with the US equity. However, there is another possibility that the break is merely a false break and it is going to rip back to take out the upper resistance line and turn this pattern into an inverted head shoulder pattern.
FX:FRA40Short
by chenb1981
Oil Double ScenarioW1 - Bearish convergence, we may now expect pullbacks to happen and then we may expect bearish continuation. H4 - Two false breaks with bullish divergence. We may now expect the price to move higher and break above the critical zone, we may then expect pullbacks to happen with hidden bullish divergence to form. We may then start looking for buys with more bullish evidences. We may look for buys until we get opposite signs. Once we get bearish evidences then its time to switch over to sells.
TVC:USOILShort
by VladimirRibakov
Monero Buy IdeaD1 - Price reached the bottom of the triangle, bullish divergence. There are two possible scenarios from here. H4: Scenario 1 - We may expect a correction to happen until price reaches the zone between 123.90 - 118.71. Once the correction completes itself, we may then start looking for buys. Scenario 2 - In this scenario we may expect a deeper correction with the price moving lower below the bottom of the daily triangle, thus creating a false break for us. Once the false break completes itself we may then start looking for buys.
BITFINEX:XMRUSDShort
by VladimirRibakov
EURUSD [Daily, Long] False Break/Failure TestMarket 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 buying pressure. Entry: Market order of 1.16373 Stop: I placed a more aggressive stop loss just a few wicks below the candle structure, referenced on the 4hr timeframe as that is where my trade would be invalidated. Also to trade with a larger position to fulfil a 1:2 risk reward ratio. TP: 1.19 as I foresee price rejection at this region due to resistance.
Long
by TanYuFeng
EURAUD Buy IdeaD1 - Price has reached the bottom of the bullish channel. As long as the channel is going to hold, we can look for bounces and buy setups here. Invalidation: If the price breaks below the bottom of this channel then this setup is invalidated (false breaks are acceptable). H4 - We already had a false break and also a potential divergence is forming. We can go long with the breakout of the most recent downtrend line. We may look for buys until price reaches the top of the daily bullish channel.
Short
by VladimirRibakov
Dow Jones Sell IdeaD1 - Price has reached the top of the triangle pattern. We may look for short term sells towards the bottom of this triangle pattern. H1 - Scenario 1: If we see one more push higher with the price creating false break at the top of the D1 triangle pattern with bearish divergence. We may expect the bearish momentum to continue and follow this plan Scenario 2 - Alternatively if the price breaks below the most recent low at 24200 creating lower lows to gain bearish momentum. We may look for sells.
DJ:DJIShort
by VladimirRibakov
1