Get started

Falsebreakout

GBPUSD → The correction is coming to an end. Next is 1.310? FX:GBPUSD is in a correction phase testing the liquidity area as well as a strong support level from D1. The correction is news related, but something happened over the weekend that could put selling pressure on the dollar. Technically GBPUSD is bullish, as evidenced by the update of the highs and the counter-trend correction to the liquidity area. Yesterday, Biden announced that he was withdrawing from the presidential race, fielding Kamala Harris in his place. Trump's odds are rising in this case, and he has previously hinted that he wants a weaker dollar. Against this background, the DXY may continue its bearish course, which may generally favor the forex market. Technically, 1.28940 is worth paying attention to. A false breakdown could trigger further growth. But, if the bulls will not let the price to this zone, it will be enough to wait for the price to consolidate above 1.294. Resistance levels: 1.294, 1.297 Support levels: 1.2894, 1.286 Technically the market is bullish, fundamentally everything is good. Most likely, interested buyers are still in the market, so the pressure for further growth may continue Rate, share your opinion and questions, let's discuss what's going on with ★ GBPUSD ;) Regards R. Linda!
Long
by RLinda
19
ZENUSDT → Bullish potential in the red market. Break of 10.0 ↑BINANCE:ZENUSDT demonstrates a rally and a retest of the range resistance in the form of a false breakdown, only that does not lead to a fall. The price is forming a pre-breakdown consolidation. With the breakout of 10.0, the growth may continue On H4, a reversal pattern is forming within the framework of which, while the cryptocurrency market was falling, zen was testing resistance. A false breakout and liquidity capture is formed. This maneuver does not lead to a fall, and the market goes into a state of consolidation, the nature of which resembles a pre-breakdown. There are no fundamentals, the market follows the flagships, which fall because of some problems. Bitcoin is dragging everyone down due to the sale of a large number of coins by Germany, and the debt repayment by Mt.Gox exchange, which has destabilized the situation in general. Resistance levels: 9.79-10.0 Support levels: 9.35, 8.8, 8.14 In this case, it is acceptable to use a breakout strategy against resistance at 9.79-9.87. But, if the structure will be broken, the price, in order to increase the volume before the growth may head towards the support. Regards R. Linda!
Long
by RLinda
8
USDCHF → A retest of trend resistance. Probable rebound FX:USDCHF strengthened as the Swiss franc went into correction due to the actions of the central bank, which is trying to protect the currency from excessive strengthening. Technically, the dollar is in the phase of correction, which may stop in the near future and the index may go back to the strengthening phase, but against this background the Swiss franc growth looks stronger, as this currency is considered as a hedge asset, which just in the crisis times was used by investors. Technically, as long as the structure of the downtrend is not broken and a false break of resistance is formed, I would consider a bounce from the upper boundary of the channel to the zone of interest at 0.8885. Resistance levels: 0.9010, 0.9050 Support levels: 0.892, 0.885 Bears can hold the resistance of the downtrend. The fundamental backdrop is still the same and in general may be maintained for some time, which may allow us to catch a downward movement to the mentioned target Regards R. Linda!
Short
by RLinda
4
GOLD → False breakdown. Will we return to the bullish trend?FX:XAUUSD is entering the correction phase after a false breakdown of trend resistance and the previous ATH. The fundamental background is changed by Thursday's news that supported the dollar. Overall, the environment on D1 is still bullish. If the price finds a strong support in the near future, for example 2390-2400, this area may get the status of an intermediate bottom, thus forming a new trading range. There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar, which is generally favorable for gold, which may soon return to the bullish trend phase (locally) Resistance levels: 2420, 2429, 2450 Support levels: trend, 2402, 2900 Technically, the price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
25
Is the Dollar (DXY) About to Shock the Markets? Take a look NOW!DXY Analysis: Potential Bullish and Bearish Scenarios Overview: This analysis of the U.S. Dollar Index (DXY) on a 4-hour timeframe outlines potential bullish and bearish scenarios based on price movements and key levels. Bullish Scenario: For a bullish continuation, we need to see: Corrective price movement in the area of the blue box. An impulsive move above the last short-term high, forming a liquidity zone (LQZ) on a lower timeframe, or a bullish pattern such as a bull flag on the 1-hour or 15-minute chart. Bearish Scenario: For a bearish continuation, the following conditions should be met: A clear impulsive move underneath the blue transparent box structure. Confirmation of the break below, either through the formation of a LQZ or a bearish pattern, indicating a continued push lower. Possible False Breakout: There is also the possibility of a false breakout, where the price briefly breaks a level but fails to sustain the movement, reversing direction instead. Mindset Lesson: Handling Uncertainty and False Breakouts: Stay disciplined and stick to your trading plan. Embrace flexibility and be ready to adjust your approach. Manage risk effectively. Be patient and wait for the right setups. Learn from each trade to continuously improve.
TVC:DXY
by Adlercon333
USDJPY → Interventions + CPI. The market doesn't believe it...FX:USDJPY is coming under bearish attack. Immediately after the US CPI release, the Japanese Central Bank intervened in the FX market to support the yen. Fundamentally this was to be expected. Japan's central bank is not trying very hard to preserve its national currency. In order to invest minimal effort, policymakers took advantage of the US CPI report. The CPI + Interventions tandem led to a 2.7% decline in the currency pair. But, traders are starting to buy back some of the decline. Ahead of PPI, the news could both amplify the fall and smear all the efforts of the BoJ. Technically, I don't think such actions will lead to anything global. The growth could continue. On W1 the nature of the market does not change, all interventions are gradually bought out and the currency pair will continue to update the highs. Resistance levels: 159.6, 160.2, 160.5 Support levels: 157.7 It is possible to buy out and test the imbalance zone before the subsequent decline. A favorable background may be the PPI report, but after the market calms down, traders may return to JPY sell-offs, which may lead to the continuation of USDJPY growth. Regards R. Linda!
Long
by RLinda
5
ILVUSDT | False Breakout🚀 ILVUSDT is presenting a fascinating setup! We just witnessed another false breakout on the 4H timeframe, backed by some solid volume. Daily Chart On the daily chart, we’re still in a downtrend. This suggests a potential move down before any significant upward shift. Weekly Chart The weekly chart shows a top wick followed by a bearish candle, signaling a likely move down in the near term. Trade Setup I'm setting my order at the previous 4H high and waiting for the action. This trade could play out dramatically, so stay tuned for what promises to be an exciting journey!
Short
by minno91
2
BEAMUSDT | SWING TRADE (FALSE BREAK)Yesterday, BEAMUSDT saw the bulls making a bold attempt to break the 8H high with impressive volume, only to face a swift rejection on the second candle—classic false break! Using my trusted false breakout strategy, I set my order at the previous 8H high with a 1.5 ATR, targeting the 4H low. With the weekend approaching and volume likely to dip, it's a thrilling setup to watch. Will the trade hit the target or hold steady in the low-volume weekend? Stay tuned for the outcome!
Short
by minno91
1
Intel - Stop the bleeding!Hello Traders and Investors, today I will take a look at Intel . -------- Explanation of my video analysis: In the beginning of 2023 Intel stock retested a multi year long horizontal structure at the $26 level. Here Intel created bullish confirmation and took off, creating a crazy rally of +100% within a couple of months. Then we saw a false breakout towards the upside which was followed by an incredible sell off. At the moment Intel is retesting support so we might see a short term short covering rally. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
28
Can we time the market? YES!There is an old, seemingly wise saying, that says "time in the market beats timing the market!" This works for people that do not want to do the work... to study repeatable patterns. Throughout the bull market of 2024 (yes, the market is in a bull market) I have been waiting for and been asked by followers "is THIS the pullback to go long?" Generally, the answer is no and I have a reason rooted in Technical Analysis that I talk about in this video. But eventually... the market reveals itself to us with repeating phenomenon in price action. I have posted individual videos over the last two months as this pullback has gone on in the S&P 500. When it finally reached its culmination I talked about making my yearly allocation in tax advantages accounts. You can see these too and in this video I teach exactly how.
CME_MINI:ES1!Long
by norok
4
AXS Analysis: Symmetrical Triangle Breakout and Market IndicatorThis analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty before a potential breakout. 🔽Breakout Scenarios: A breakout from the triangle could lead to two main scenarios: 1. Upward Breakout: A breakout above the triangle's upper resistance could signal a continuation of the upward trend. 2. Downward Breakout: A breakout below the triangle's lower support could indicate a bearish reversal and a downward movement. 📊🔺Market Indicators and Considerations: The direction of Bitcoin dominance and the Total Crypto Market Cap (TMC) index can influence AXS's price action. In the 4-hour timeframe, the 50 EMA is acting as a support level, potentially affecting price movement. ⛔Additional Considerations: False breakouts are possible, and traders should exercise caution and rely on confirmation indicators. Analyzing other technical indicators and market sentiment can help refine trade entry and exit strategies. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Short
by solinash1
AVAX : Fake Triangle Breakout ! AVAX has been forming a triangle pattern for an extended period. The price was respecting the triangle and making higher lows. Everyone was expecting a bullish breakout and continuation of the uptrend. However, the price reacted to the fall of Bitcoin and started to fall with it. The triangle pattern: The triangle pattern is a neutral pattern that can be either bullish or bearish. The price typically breaks out of the triangle in the direction of the previous trend. The fakeout: The price broke down below the lower trendline of the triangle on 1 April. The imbalance: There is a large imbalance of buy orders in the $44 zone. This imbalance suggests that the price is likely to bounce off this zone and continue to rise. Bullish targets: The first bullish target is the $60 level, which is the top of the triangle pattern. Further upside could see the price reach $70 or even higher.
Long
by Yaroslav_Krasko
5
FXS Expanding T-Pattern Analysis: Potential Breakout and Grow?!🍣📈This analysis examines the expanding triangle pattern formation and assesses the potential for a breakout and subsequent price growth. 📈Expanding Triangle Pattern: An expanding triangle pattern has been identified, characterized by rising highs and falling lows. This pattern indicates a buildup of market indecision and uncertainty. 📉🔺Breakout and Resistance Levels: A breakout above the daily resistance level could signal a bullish trend reversal and potential for further price appreciation. The next daily resistance level would then become the target for the upward movement. 📊🔺RSI Confirmation and Volume: A break above the RSI trendline would provide additional confirmation of the bullish breakout. Increasing trading volume alongside the breakout would indicate strong momentum and support the upward trend. ⛔Important Considerations: False breakouts are a possibility with expanding triangle patterns, and traders should exercise caution. 🔽Additional technical indicators and market sentiment analysis can help validate the breakout and provide trade entry and exit signals. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.🚫
Long
by solinash1
4
GOLD → Liquidation of sellers could trigger a fall. Target 2100?FX:XAUUSD stops after a strong rally. A new ATH = 2195 is formed, after which the market starts the correction phase. The support 2175 is broken and the price tests 2150. There is a probability of continuation of decrease but after resistance retest. The fundamental background has been maintained since Tuesday. Yesterday we got CPI positive for the dollar, which temporarily strengthens the index and negatively affects the gold. After the 2175 breakout, the market gives us a move of almost 240 pips. Fundamentally, there is no important news today, so the market is influenced by yesterday's data. On H1, consolidation is forming below 2161. Buyers are trying to buy back the fall, but sellers do not let prices go above 2165. In this case, the most likely scenario may be a shakeout (false breakdown of 2165) and liquidation of sellers before a further decline to 2144 - 2100. Resistance levels: 2165, 2175 Support levels: 2144, 2125, 2100 The correction phase is most likely not over yet. The price may test the resistance before a further decline with a negative fundamental background TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! NCDEX:GOLD Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
Triangle Pattern Trading: A Trap for NewbiesThe triangle pattern is a popular chart pattern that is often used by technical analysts to identify potential breakout opportunities. However, traders should be aware that the triangle pattern can also be a trap for unsuspecting beginners. Why the Triangle Pattern is a Trap One of the reasons why the triangle pattern can be a trap is that it is a very subjective pattern. There are no hard and fast rules for identifying a triangle pattern, and what one trader might identify as a triangle pattern, another trader might not. Another reason why the triangle pattern can be a trap is that it is a very common pattern. This means that there are many opportunities for traders to trade this pattern, which can lead to overtrading. Overtrading is a common problem for beginners, and it can lead to significant losses. Smart Money Traders and the Triangle Pattern Smart money traders are aware of the fact that the triangle pattern can be a trap for beginners. They will often use this pattern to their advantage by creating false breakouts and trapping beginner traders into losing positions. Here are four examples of how smart money traders use the triangle pattern to trap beginners: NEO: formed a bullish triangle pattern. However, the price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout. RVN: Rformed a symmetrical triangle pattern. The price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout. DYDX: formed a descending triangle pattern. The price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout. TRX: formed a bullish triangle pattern. However, the price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout. How to Avoid the Triangle Pattern Trap There are a few things that traders can do to avoid the triangle pattern trap: Be aware of the subjectivity of the pattern. There are no hard and fast rules for identifying a triangle pattern, so traders should be careful not to get too caught up in trying to identify this pattern. Don't overtrade. The triangle pattern is a very common pattern, which means that there are many opportunities to trade this pattern. Traders should be careful not to overtrade this pattern, as this can lead to significant losses. Be aware of smart money traders. Smart money traders will often use the triangle pattern to their advantage by creating false breakouts and trapping beginner traders into losing positions. Traders should be aware of this and be careful not to fall for these traps. Conclusion The triangle pattern can be a useful tool for identifying potential breakout opportunities. However, traders should be aware that this pattern can also be a trap. By understanding the reasons why the triangle pattern can be a trap, and by taking steps to avoid these traps, traders can protect themselves from significant losses.
Education
by Yaroslav_Krasko
4
🇬🇧 GBPUSD 🇺🇸 - Strong resistance and pressure from sellersGBPUSD may lose ground amid the weakness of the British market against the dollar. The dollar index is strengthening amid more positive news this week than analysts expected, moreover, another indicator of tight policy is the high interest rate in the US, which continues to be kept at the same level. Reasons for a possible fall 1) Downtrend 2) Weak fundamental background for GBP 3) Growth of the dollar index in the medium term 4) No potential for resistance breakout. High chance of a bounce or false breakout
Short
by AndeWave
2
BITCOIN → Retest 48K. Should we wait for resistance breakout?BINANCE:BTCUSD confidently consolidates above 42K, thus forming an intermediate bottom, after which the price tests the currently important resistance 48234, but does not reach it and forms a rebound. Idea: BTCUSD → Consolidation after the rally. What's next? Earlier we discussed the importance of the 42K level, which was tested by the flagman for a long time and at some point, when the market calmed down after a huge burst of selling, buyers successfully consolidate above the level, thus marking it as the strongest support at the moment, forming a bottom, strengthening to 44500 with the subsequent break of resistance and growth to the global resistance. This once again proves that the coin has huge interest, excellent fundamentals and technical analysis. Pic: Formation of intermediate resistance at 47281. The price is closing close to the level At the moment we are interested in the resistance 47281. And we are interested in it because this level was formed earlier on D1 and was also tested. Today the price reaches this level and forms a false breakout, but the most important thing is that the daily candlestick closes very close to the level. Based on this we can assume that the consolidation distribution is not over. Buyers are strong, but after the false breakout, from a technical point of view, a pullback is needed. The pullback could be directed towards 0.236 fibo, 45500, or 0.382 fibo. The signal that will indicate the market's readiness to break through resistance and growth will be a pre-breakout consolidation at 47281 and whether the retest, which will be slow (slow price approach to the level). Pic: Bullish trend in BTCUSD. The price is coming out of consolidation Prospects are excellent at the moment. There is no strong decline amid the rally since last fall. Price is moving from distribution to consolidation and further into distribution, which is a strong pattern indicating huge interest. Resistance levels: 47281, 48234, trend resistance Support levels: 0.236 fibo, 45500, 0.382 fibo The trend is bullish. Friday session closing indicates that the market is ready to continue the growth, but, the formed false breakdown may give a small correction before further growth CME:BTC1! AMEX:GBTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
63