Breakouts occur at resistance and support areas. These areas could be based on trendlines—horizontal or diagonal—prior highs or lows in the price, or chart patterns drawn on the chart. A breakout is when the price moves through a support or resistance level and keeps moving in that direction. A failed breakout is when the price moves through a support resistance...
Based on our educational post: Now we can expect local pump here for EURUSD based on two factors: 1. reversal and bullish candlestick pattern named Morning star. 2. so many stop losses hit when the price broke the daily support and it is a good sign too. (fake breakouts are a good reversal sign too) DISCLAIMER: ((trade based on your own decision )) This post...
As we can see price is near strong resistance zones and we can expect correction and fall here like red arrows on the chart. only if the last resistance that is 3$ resistance zone break we can expect more pump and continuation of the pump here else as we said we are looking for a local dump. strong supports and resistances are mentioned on the chart...
fake breakout has given .it will come back again in trend...... buying only will start from support zone as advised in graph
#BTC Short term Analysis Bitcoin rejected from 52k-53k area rapidly, The only support that we can bet on that is 45500$. Breakout of this major descending trend line made me happy BUT it looks like it was just a fake breakout.(Bears have full control) If the 45500$ support is lost, the price will drop emotionally up to 42000$ and 40000$ support areas. I hope...
As I mentioned before and based on our previous analyse here we have just fake breakout for the price 💣 we expect more gain for the price and if the price breaks our resistance and stay above the resistance zone more gain is ahead 🚀 This is not financial advice, always do your own research. If you have any questions fell free to ask, you can write it in...
What do you think about this ? is this a Fake Breakout or Pullback to Broken support line?
scalping opportunity in EURJPY, local countertrendline broken, whales have made up a fake breakout above the double top in order to hunt stoplosses, which is good sign of going down . //---------------------- outcome of november: 1 loss, 3 win, 1-9 rrr+
BTCUSD is still bearish. It's starting it's accumulation phase and after that it'll Sky Rocket to 84k
dogecoin usdt daily time frame we are seeing a triangle pattern and exit the price from down side of triangle. and pullback. ok. here we must have short position because of rules of triangle pattern. BUT BUT I think it is fake and we must take long position and the first target is upper side of triangle
based on daily channel we expect more dump here but it can be just a simple fake breakout and if the price enters to the daily channel again it can sharply pump to the target that is indicated in the chart. This is not financial advice, always do your own research. If you have any questions fell free to ask, you can write it in comments below and I will answer.
GOLD price if could hold above wedge pattern support line may reach around 1840 , just breaking the long term down trend line (Red) for the "sake of " trapping" "trend line breakout " trading traders...
1. The move comes from HTF support 2. Price to retrace back for buying opportunities 3. H and L of the day are marked, cross over to the H will further confirm the bullish move to the SUPPLY ZONE
As we mentioned in previous analysis bitcoin had a fake breakout and started a new correction phase after a new all-time at 67K: Strong supports ahead: A. 56000$(0.38% Of Fib)----also there is local support on 60K at 1H charts---- B. 50000$(0.61% Of Fib) C. 40000$(Daily support) Strong Resistances ahead: A. 64500$ B. 67000$ Notice: after breaking each...
At this 4H update, we are looking at the previous trendline that broke and it seems that it was just a fake breakout and hitting stop loss of bears that were looking for a price like 60000$ to sell. But we should also consider that BTC is really bullish and also it can look for new ATH here if the price retest this broken trendline and start to pump hard like a...
As we can see a previous daily candle close above the red trendline and the market is pumping and soon price can touch ATH(all-time high) and only after breaking that red resistance zone more pump is ahead and this time we can look for targets like: A.70K B.85K C.99K Notice: if and only if prie once again dump below this resistance trendline then we had a fake...
A fake failure is observed in the viewing chart The market is expected to decline. We must also pay special attention to the FOMC session. We will probably face a severe gold dump.
Hi Traders, GU gave a fakeout of the structure and is likely to test the previous day Pivot or the trendline. Pls ensure proper risk management. Happy Trading