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Fakeout

great short position for btcusdthello guys in left of chart we see a ascending channel that bounding of i break out but it was just a fake out! likewise this channel breakdown by a strong candle and confirmed change of trend. in upper time frame btcusd had a powerful candle that this pair should engulfed that for continue bearish trend that happen today! there are two entry zone that i recommend you split your size position to half and enter on this 2 entry level but you must put your stoploss on &22200. i mention target price on chart this chart will be update after few days follow me i write for me your thought! best luck
Short
by melikatrader94
5
Dollar Index (DXY): Beginning of The Week Analysis | 7/24/22With interest rate and all the other lovely fundamentals the Dollar has been on bullish run of a life time! The last few days of the previous week, the Dollar did not do so much and even showed some initial temptation to keep shorting on Friday, but as you know .. it never that easy :-) Hence we ended with a three day consolidation. I expect we may see the Dollar perform some aggressive bearish moves from a technical standpoint, but the sentiments for the Dollar can change as we get closer to the FOMC release. It will be an important to understand this index especially is you are trading anything US related this week.
TVC:DXYShort
by CandlesofKarma
BTC UPDATE! HOW LOW BTC CAN GO FROM HERE??Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is continuously dropping from the $24k resistance level and liquidate the most of the traders who opens a long position after seeing the break out. This is how market makers playing with retail traders. If you wants to earn money in this market you have to think like a whale. We clearly told you about this rejection in our previous update. Hope you listen and save your hard earned money. So what's next? Now the scenario is that BTC is back inside the triangle after giving a fake break out so there is high chances that BTC might test again the lower trendline of the triangle which is around $20k-$20.4k level. If BTC holds the lower trendline of the triangle and bounce from there then this time we see a real break out and BTC might pump again. But the main concern here is Fed FOMC meeting which is held on 27th July so if we got some negative results then market might take more dip. Let's hope for the better. As of now it's better to wait for the FOMC meeting results. After that we see some positive movement in the market. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
GBPUSD: Anticipating trendline fakeout higherGBPUSD has an opportunity to reach for some liquidity above the trendline and previous swing highs. I don't think there is an incentive to reverse the trend. But the fakeout would be a logical step in preparation for the downtrend continuation. Before the currency can go in either direction, the big players always look to take advantage of liquidity. That would be an area that looks like there is an obvious concentration of stop-losses and I think this is it. I don't see any major risk to the trade from the news/fundamentals.
Short
by OrcChieftain
Nzdusd---FAKEOUT or BREAKOUT??????NEITHER!. Am not going to try to PREDICT where the market will go, only GOD can do that. Am just going to wait for price to choose a direction and REACT to that..... Am seeing that the fakeout option offers a high RR of 1:4, so am praying for that direction as I get to make more money. Targets and stop on the chart, if am wrong I lose 1R, if am right I get 4R, and there is a 50:50 chance......so worth the risk!. Like & Subscribe..... Let's SWING it, guys....
Long
by LexyenHille
Bitcoin is about to pump?#Bitcoin found support below $19k and begun ranging between $18.6k and $21.5k. The last is the most crucial level because a valid breakout results in a 32% pump to $28.270. Between those two S/R levels there are only two weak resistances; the first one at $27.5k and the second around $27.6k If this scenario is going to play out, I’m expecting a really quick pump. Warning: This is NOT a “go all in, bullish call”. It’s a waring to protect your (over)leveraged shorts from a bull trap. Be safe, market never forgives!
COINBASE:BTCUSDLong
by Rhaonnor
QQQ potential redistribution Hey all, I've been strong on the idea that we are currently redistributing on the next leg lower and are somewhat repeating the exact same patterns we made ahead of the March rally that faked many into flipping bullish. I believe we will redistribute in an eerily similar manner, especially considering what the indices-moving names are doing. Considering history, next week should be choppy, possibly testing new lows on certain names on the Q's and on the Q's itself, only to bounce in an incredibly strong way that will fake many into being bullish (as it happened in March). I warn you guys, even though I believe we will either reach or breach critical resistance at 314, I firmly believe will all be a fakeout rally ahead of an acceleration downwards. Be careful of traps to both sides and best of luck in your trading!
NASDAQ:QQQ
by MichaelEugen1
1
USDJPY: Are Sellers Ready? 💣The key psychological level of 135 provided immediate resistance for sellers but is now showing signs of being a sell trap. Since a high amount of sellers joined at the key level and the trend line breakout, I believe liquidity will be targeted above this high before we see any signs of bearish momentum. When the liquidity has been taken, I will be looking for shorts with the team. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
9
BNXUSDT - SETUPBNXUSDT's price held its ground during this insane dumping and showed so much positivity during the near time. But now there are two problems: One, Price flirting with golden Fib level 0.618 continuously but got rejection at 145 $. Secondly, price did print a new HH on a closing basis. Which is a disturbing sign for the Bulls. Although the price came out from a triangle still there is no confirmation is it a breakout or a fakeout. Wait for the better price action. Good Luck!
by JustTradeSignals