The Daily candle just closed at 147.58. This price was our previous Daily Level. Price is still technically in a range between this price and 146.71. After spiking up to previous Monthly High at 148.4, we rejected those extreme prices and came flying back down into the current range right now. Price may continue bearish from here and we can call it a Fakeout as...
We have creased yesterday's daily high at 1.10678. There is liquidity above this high. Especially since we have run up so far and therefore probabilities suggest we will pullback for liquidity for London Open. If we go up , then we will fly because there is clean traffic to the left. The 4hr is quite clean up to 1.1158. The 1Hr is clean up to 1.1125. Either way we...
This is very simple observation so I will not get too much into it, because chart speaks for itself. The fact I remain bearish doesn't mean I don't trade along the current trend. I'm saying that despite everyone on social media yelling bull run, I see bulls, but they are not running.
Price has potential for the downside upon retest of the fresh supply zone. Wait for lower timeframe confirmation to confirm the move.
Will GBPJPY break the channel or will it start to move down.
hello traders here i will explain why people get faked out the market do same thing over and over again every time we should try to learn and see what the chart is saying and the mechanics behind how a trade setup form them selves i have outlined for breakout traders how they can avoid being faked out all the time ...comment down below and follow for more also...
hello traders bitcoin is in a nice bullish uptrend we have still objective on a weekly timeframe to rich into the fair valuation area we trade what we see follow the trend comment down below also follow and contact me if you want to learn more let make money
OANDA:XAUUSD hi , trader's , we started selling Gold from 2000 , and we closed sell at 1940 since 1940 we bought gold twice , now as per price action gold is trading near major resistance of 1985 If price failed to close 4hr candle above 1985 than fair chance that Gold will go down to 1950 area Price can do fakeout at current level ❤️ Please, support my...
Intuition suggests price is likely to flow back up to the main weekly supply to clear out seller liquidity. How we will get to that zone is another story. I don't think we will push up to the zone from here. I believe price has lured buyers in after breaking the trendline marked. So price is likely to do some manipulation to clear breakout buyers before flowing...
After rejecting the main supply and breaking out of a significant ascending trend line, I assume the majority of the market wants to take advantage of some short-term sells. I, however, will be attempting to buy into the seller's liquidity once we get an order block sweep from this demand. I have marked out the buy zone I will be entering from and my initial...
Price created a FAKEOUT - clear resistance level & reversal pattern with clean traffic. Only risked 0.5% as still finding confidence in this new strategy.
Rejection of downsloping supply line fakeout of former support with bearish engulfing candle confirmed daily bearish divergence
✅EUR_AUD price grew again to retest the resistance And then made a fakeout But it is a strong key level So I think that there is a high chance That we will see a bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-AUD made an attempt at Breaking the horizontal resistance Which ultimately failed and now We are seeing some rather bearish Price action leading me to think That a bearish move will follow Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hi dear community and my faithful followers, let's pay attention to this weekly falling wedge pattern which has broken and retested with false breakdown/bear trap/ and double bottom+ RSI bullish divergence. At the same time RSI diagonal resistance has been broken and retested as well. On the chart you explained why I think so)). Read bellow text to understand why...
I'm looking at 30D chart adding 2 customized indicators which show amazing history data)): Red columns on first indicator show BTC bottoming process in a bear market and when green color flashes after red new uptrend / bull run starts/. When green columns appears on 2d indicator it means BTC has already bottomed and when white color follows green column, it...
Hey tradomaniacs, TP quickly hit and now im short. Technically we see a fakeout and a good chance to short. Recent PPI shows that its not impressive and priced in to see a lower inflation in the US... Inflation has generally been no topic anymore as peak has been reached. Now its more the fact that raised rates and upcoming rate-hikes into a recession will...
I'm looking at weekly timeframe of BTC chart. I'm comparing 2021 Bull market top with 2022 bear market bottom. Call me crazy but I think a real bottom of BTC bear market was in June 2022/at 17.5K/ as BTC real top of Bull run was in April 2021/at 65K/ Nov 2022 bottom is a bear trap and fake break down like Nov 2021 top which was bull trap and fake break out. I...