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Fakebreakout

2306 GBPUSD 4H plan to Sell, two positions to wait for signalsHello traders, GBPUSD is my second choice to sell. It is not a perfect chart to sell yet on 4h chart even though it got a double test of the lower resistace dash line already. Will check this line again in LONDON session to see any signal to open sell. Otherwise, will check higher resistance zone to see if a fake breakout happens up there to make a strong double head to sell in later sessions. GOOD LUCK ON THIS PLAN . LESS IS MORE!!!
Short
by FUNTRADER-Vera
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
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.
COINBASE:BNTUSDLong
by Rhaonnor
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.
BITSTAMP:BTCUSD
by Crypt0_Ninja
EURUSD the Morning Star candlestick pattern And soon can pumpBased 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 is actually a review of candlestick patterns that we had by example and is not financial advice on EURUSD so do your own research for your trades. <>
Long
by MMBTtrader
34