FakeOutsWe could verify that the Breakout is Valid Or not By seeingVloume ticks Perfect Example Implement in ths Btc Example !!
Not A Financial Advice.
HAppy Trading.
Fakeout
Neat Line of Support, Wait for Fake OutThe candlestick has the neat lows with the similar levels of the wicks, I put rectangle on them.
Wait the price to break it to eat the stop loss. The price is projected to touch the supply area.
Put the stop loss away from the swing low to prevent stop loss hunts.
EURGBP at Major lever of support Most interesting thing about this set up was we had a monthly fakeout at a major lever of support
A nice bullish candle away from that area
A long move
Plan the trade trade your plan
Support and resistance fakeouts EURUSD is at major resistance zone most importantly we had a *fakeouts*
SL @ 1.11620
Tp1 @ 1.09445
Tp2 @ 1.08307
But we have to let price commit first to the downside give you an entry (depending on your trading strategy)
It's a long way down be patient 💯
Market makers looking to trap more bears?If we look back at past PA, we can see how MMs break trend to increase shorting to spike in their face.. low volume this weekend could be a nice fakeout setup for monday. targets around 43
mms=market makers
see my indicator pvsra volume suite for more definition
GBPUSD OVERALL BULLISHGBPUSD completed the inverted head and shoulder pattern, and we expect price to rally up to 1.34300
usdchf trading planusdchf has the potential to form a fake out set up with the buy area triggered at 0.92607 so I predict that usdchf has the potential to move up with the farthest target at 0.94412
Capitulations or fakeouts are good signalsThis is a long fakeout in the chart of $ENPH. We look at this fakeout after it brakes a trendline and you don't find continuation to the downside after retesting the break.
After this, the fakeouts market liquidates many MANY sell positions and call options that they do 2 things:
Scare the sellers with bad loses
Add tons of liquidity or volume around these prices.
Plus, the MACD gives a delayed, but great signal to ATH. And the fundamentals are looking great:
www.etoro.com
So, I can do 2 things, go for different mini trades in the 4 hours allocating 0.5% to 1.5% of my portfolio and leveraging those either X2 or X5. Or I can go the low-risk option and add a larger allocation, up to 5%, and just let it be there.
1) Short-term trading (swing trades) with low leverage:
The Pros of this strat are having more capital to open other trades like BTC (which is moving now) or just having cash for hedge purposes.
The Cons is the risky trades as I can lose that capital easier in this way as the short-term trades are usually fewer probability trades.
2) Long-term position with higher allocation.
On the contrary, a long-term position is a higher probability trade, not a time-consuming (a simple SL and TP order would do) position, but it allocates a large amount of capital.
I'll try to do half and half this time.
Let me know what you think about this
gbpjpy trading plangbpjpy has successfully completed the fake out set up so it will move up but above there is already an h4 resistance with supply still being touched once, this can create an opportunity to counter the trend so you will get a decent profit
the small supply area at 157.6 - 157.7 will be the best sell entry area for me, but remember to see if there is confirmation or not
gbpusd fake out set up gbpusd has the potential to form a fake out set up, this is still wishful thinking, I think, because I'm still learning this method, it's a good idea to re-analyze this
1.33778 is a resistance area with a support area at 1.31605 , the price is expected to move up first and fall on fake resistance at least one time and make a fake out
BTC fakeout and continuation of Wyckoff accumulationAs you can see, we're at the same point as we were in the last wyckoff accumulation, where we broke out of a descending channel only to be rejected at the RSI trendline.
I've long been observing that the current drop is a smaller version of the May 2021 accumulation phase and at this very moment, it is behaving the exact same way. We're probably going to get rejected and bleed down to the 43-41k.
When comparing the fakeout of May 2021, we reached the upper levels of the Automatic Reaction (AR). If we were to follow this path, we will see a rejection around 51K.
History doesn't repeat, but it often rhymes.
Higher Trading Range Currently Unsustainable!We've seen BTC attempt to stay in the higher trading range but quickly gets pulled right back into the lower range. I am not bullish on bitcoin until it can trade in the higher range and shows the strengths of breaking out of that one as well. This is essentially a continuous fake out or bear trap happening.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
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This is not financial advice. This is for educational purposes only.
AUDCADHello Tradersss :))
here we are just waiting for the price to touch the supply area at 0.92818 and I personally use price action as confirmation and don't forget to take care of your money management..:))
thank you for visiting and if you like it please press the like button here I really appreciate it.. :))
Impulsive Upthrust in TechBreakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion.
Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay).
Moving up from oversold on RSI, wave trends indicating buy signal.
VETUSDT Buy timeHello traders!
We can see a channel breakout but it looks like the market is forming a reversal pattern after a breakout. It will push up to form new Higher highs.
Stoploss 0.04588(-1.8%)
Target 0.04905(+5%)
Suggested leverage is 10x
Don't forget to hit the like button and follow to stay connected.
BNT returned in sideways trendBNT is ranging since May 2021. Support that built at $2.66 on June was tested again one month later in the form of a fakeout. In January 2022, price passed through $2.66 and found strong resistance in the high demand zone between $2.30 – 2.08.
In the 4H LTF, BNT was accumulated between 22 Jan. and 05 Feb. That in conjunction with the long tail candlesticks - in the same period – indicates that large traders absorbed all the coins that sold below $2.30.
Yesterday BNT returned in sideways trend in relatively low volume. That’s not necessary a bad sign. Besides, changes in price are relatively small. Today, $2.60 level retested again.
If you want to go long, a position below $2.8, take profit near psychological resistance at $5.00 and stop loss below $2.30 or $2.08, gives you a R/R >3 - 3.75.
A conservative target if we gain psycho resistance is between $10.00 – 8.00.
I’ll keep my report updated to any significant changes.
Is the crypto market creating a bulltrap? #bitcoin #ethereumCrypto TOTAL market cap fell back into the price channel once more, after the current situtaion in ukraine keeps the markets on it's heels.
Also that short term demand line got broken as well.
Depending on how reliable the volume is in the TOTAL chart, the volume in the selloff was pretty huge as well.
We might see some violent moves in the crypto market soon, either to the up- or downside.
It mostly will depend on how the situation in the ukraine turns out, as it seems that is the biggest concern markets have at the moment.
Do NOT forget about the FED though, they probably might get jealous with all the attention the ukraine situation gets, so they might drop something too soon :D
Most importantly, stay calm and don't overreact to the current situation and keep your spirits up!
Good luck with your trading!
What Does a Fake Breakout Tell You?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 level, but then fails to continue moving in that direction and instead reverses course.
Ascending Triangle on BTCUSDHi Traders,
I normally don't do shorter time frames but as you can see on the 1HR of BTCUSD, the price has had lower lows and equal highs. This is obviously a symptom of an Ascending Triangle. There is one small thing that is kinda weird and that is there is one move out of the resistance line which looks like a fakeout/ liquidation station. This will break out in the next day or two and the target is 46k USD. However, in the rare case, we DO breakdown 42.8k is the target.
Safe trading,
-Pulkanator
Recap on Gold 7 Feb 2022 Quick 13 pips on Gold.
The trade: New 1h bar opened and retested previous bar's high. Entry for sells was taken when bar flipped bearish expecting pre NY open volume to continue pushing down.
Stop loss 7 pips.
TP 13 pips.
Gold 7 Feb 2022 Gold currently at strong resistance level. If I see some rejection at this level on the higher timeframes I will be looking to DCA into Gold sells.
Buys above 1816.6
what is next for GBPUSD ? 💡As I mentioned in my previous analysis ✔️
the price has started to gain from our second support area 💣
and now
the price can start correction to the downside and hit the black trend line near the support area ❌🧨
or
start to gain and if it breaks the major resistance and channel resistance, hit the upper target 🚀🚀
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
FANTOM breaks the trend line 🚀Based on the chart, we had fake out for the price to the downside ✔️
and now
the price is above the blue trend line support once again ✔️
besides
we have major support here for the price ✔️
if
the price stays above the trend line and support area here we can expect gain for the price and our first target is located on the chart 🚀
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
