It looks like dead cat bounce!beware. Bulltrap or bull Squeeze in the making... stay away if you are not the high risk trader. Goodluck and happy trading
It seems that the price hit the optimal level to begin sell off. The buying back phase will start at 460 level, to form accumulation range between 480 and 510. In my opinion we will have lot of selling just before BTC halving and than, after it the price will bounce to the 680 area again. As usually, we will see the triangle forming. However I don't think that we...
Be careful. you saw a fat finger pointing updward. be alert that anytime fatfinger going down is possible. Happy trading
Nov 16 2015: NETURAL GBPUSD 15 Min;Sell channel top; Buy channel bottom (Analysis Based on 15 Min chart) Observations 1. Price in short term bullish channel (broken and retested); 2. Price consolidating after a brief up move NOTE: Wait for price action to confirm the importance of this level. Sell bull traps at consolidation top. Sell break and close below...
Nov 16 2015: BEARISH GBPUSD 4 Hour;Price stalling at resistance (Analysis Based on 4 hour chart) Observations 1. Price re-enters long term down channel; 2. Price has broken short term up channel 3. Price made new lower low 4. RSI overbought at swing high NOTE: Wait for price action to confirm the importance of this level. Price is stalling at resistance. Look...
Nov 16 2015: BEARISH GBPUSD DAILY:Price broke and close below daily support (Analysis Based on DAILY chart) Observations 1. Short term bull channel (Broken and retested) 2. Short term bear channel 3. Descending triangle 4. Break and close below daily support NOTE: Wait for price action to confirm the importance of this level. Price is consolidating within a...
Nov 16 2015: NEUTRAL EURUSD 15 Min: Consolidation sell bull traps (Analysis Based on 15 Min chart) Observations 1. Bullish BAT pattern 2. Short term bullish channel 3. Short term bear channel 4. Consolidation 5. Bullish head and shoulder NOTE: Wait for price action to confirm the importance of these levels. Sell bull traps at channel highs. Wait for breakout of...
Nov 15 2015: BEARISH EURUSD 1H: Sell bull traps; Sell breakout on retest (Analysis Based on 1 hour chart) Observations 1. Long term bearish channel 2. Short term bullish channel 3. Short term bearish channel 4. Consolidation 5. Descending triangle NOTE: Wait for price action to confirm the importance of these levels. Sell bull traps at channel highs. Sell...
In economics, a Bull trap is an inaccurate signal that shows a decreasing trend in a stock or index has reversed and is now heading upwards, when in fact, the security will continue to decline. Due to numerous trend resistances and horizontal resistances I am convinced that EURUSD is currently putting in a bull trap. Don't get caught in the herd! There is much...
Just an idea. Observed such behaviour previously when market creates a bull trap by breaking up the trendline, then takes out SLs and only then reverses.
Last week price broke above 2 months high, but a bulltrap was completed when price fellw below 2 the months high again. On h4 , a macd divergence was registered. suggesting that this structure might be topping out. The ideal entry will be when a right shoulder is pumped to the 2 mth high level. However , price is not obliged to do so, and shortist need to...
a D1 ed channel has a smaller h1 channel colliding with it at the top. IF price does really goes down, it will have completed a 2 weeks high flush bull trap, and perhaps price will resume the strong trend seen in may. All is too prematured now and I really want to see the reaction within this blue oval. I got a small scout position in so still monitoring it. h1...
GBPCAD is currently at the 5 months low resistance which functions as a neckline. I have a h1 channel macd setup and should price plunge below yesterday low, it will signify the completion of a slanted hns and a completion of a flush of 4 weeks high. Then it may be the start of a nice ride down.
On a higher timeframe, AUDJPY's direction might not be clear at the moment. This short is just based on a recent downmove which had retraced and halted at current f6 level. A day bull trap has been completed together with macd divergence so this was what got me interested. However I do want to see some testing at 9740 to ascertain that I have put in at least a...
A potential DT is forming now and it is encapsulated within a flattish channel. This channel has a macd divergence as well. However I do not wish to take action only after the DT is formed. By then SL pip risk will be about 200 pips. Looking for retest at 4371 is more feasible and allows pip risk to be minimized. Tp1 at neckline Tp2 will be lower if this DT materializes.
finally a h1 setup has taken shape after price decided to test the big channel top. on lower time frame , a multi day bull trap has been formed and there is a channel within channel confluence already completed , with macd divergence to support. Since I already have prior entries few days back, I will continue to hold and add on shorts within the orange zone. On...
shown in the chart will be 2 boxes , blue and red. Blue denotes a strong bullish expansion week, and thereafter price consolidated for 5 weeks. The chart pattern looks to be distributive in nature, and it is confirmed with a bearish expansion week. Right now price is back at the neckline. I will like to see this as a retest of this distributive strucuture and look...