CONFIRM SHORT SPY Okay, So again I would like to emphasis here that, If you all are thinking this is breakout , NO IT IS NOT!!!! Volume on spy today was less than yesterday's volume that means dead cat bounce.
Also comparing RSI with previous high and with such a move in day didn't gained much that means there was fight beat sellers and buyers.
Market on close was in Imbalance on sell side with 400Million it's small but still it was on sell side. This is just the beginning .... My first target here is 350 followed by 342.... if supports that we can see small reversal.
Fakeout
Bullish move into Big short push on UJ Could see a bullish move into a large bearish push on UJ for a downtrend continuation. Should see a large fakeout just after ATR n volume has drop significantly in the upward direction with a large spike in volume and atr after the move. Dont get caught in this move as this is the trap that is due to turn an accumulate liquidity in the market for a bearish push.
VETUSDT doing the fake false breakout move...Just when you thought this was another fakeout, the market gives you the fake fakeout. :)
Sometimes we see stronger moves after a double fake like this.
Bulls will want to see a close near the high for today's candle. A probable higher high after that (>.012).
BTC Breakout Or Fakeout?We have the greed index backing of 90 and at 86 currently, with BTC appearing to breakout. Again, it could be a fake out as BTC often follows other markets and the DJI looks confused. Should the Macro find negative momentum, I suspect BTC could too. If we show a sign of decoupling then God willing so be it! A sustained break up should hit $17k. If we can't push up through 16k with strength, we could see lower and for me that target is around $13-14k range. This is not trading advice.
AUD/USD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation.
AUD/USD: Daytrade-Execution
Sell-Stop-Order: 0,71170
Stop-Loss: 0,71490
Target 1: 0,70900
Target 2: 0,70700
Target 3: 0,70450
Stop-Loss: 32 pips
Risk: 0,5% -1%
Risk-Reward: 2,35
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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FAKEOUT: XAUUSD GOLD SUPPLY ZONE UPDATE 1925.00 CRITICAL LEVELSo now we can see what has happened and what went wrong on our trade yesterday. We can see how price pushed up through the zone to gather more liquidity. The price faked out through our zone, trapped the buyers and reversed. Nothing to worry about - only a 1% loss. IF he had a higher stop loss we could have managed to stay in it. 1925.00 was a key level for gold.
Gartley Gbpchf has created a gartley pattern today, the point d is at 78.6% of the leg XA and so I think that there are good chances for a stong rebound of the price, in addition the price seems to break the rectangle in a bearish direction but I suppose it is a FAKEOUT because volumes are decreasing and the full leg cd has stopped right at 61.8% of the bullish leg developped form the first days of september. Pay attention to brexit news, I think UK will keep on negotiating with UE and NO DEAL brexit is unlikely, if a sort of agreement will be found the sterling will shine.
Stop if daily candle closes below 1.1745.
Have a nice trading!
TRICKY GOLD - BEWARE FAKE SIGNALS - GC1! - 30MNWe have seen the COMEX Gold Future showing some fake signals during last weeks. Signals followed by very strong volumes, but, seeing the market price running the other way around.
Be careful when trading the Gold Future.
All the red arrows are showing examples of fake signals.
The blue line is an overall trending line being a strong support, if broken there is strong probability in seeing GC1! Gold Future running further down.
The top black line acts like a very strong resistance. We have seen the market testing it and failing to pass it.
The black line on the top is stronger and probably more difficult to break than the blue bottom line.
Sellers who came in strongly 3 weeks before have strongly impacted a Gold promised to stay above $2,000 last month. See how things change quickly.
It is probably better to stay away of the spot and wait for the Gold Future to show a clear direction after having broken a super strong line which are more visible in the Daily chart.
GBPAUD breakout failure opportunityGBPAUD failed to hold above the 1.816 level. With this breakout failure, we're getting a good indicating that the trend is changing. Current entry as price re-enters below this level offers good momentum to the downside.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
BIG FAKEOUT ON BITCOIN HEADING TO 9100!!Drop a like if this helps you out, its free! :)
This is a potential idea I am looking at for bitcoin
The current price action we are seeing on bitcoin is awfully similar to the price action we saw last week.
1: Bitcoin bounces between a range
2: Bitcoin breaks above the range
3: Bitcoin sits above the range
4: Bitcoin crashes straight through
I am not saying this will happen this is just a potential idea I am looking at. What will make this idea come true is any 2H or 4H candle close below 10800
Then I will expect a quick move down to 10 000. If 10 000 breaks we will most likely see 9100
EURGBP - SWING - 18/09/20.Manipulation in liquidity zones.
.Continuation failure
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BITCOIN FAKEOUT SCALP OPPERTUNITYDrop a like if this helps you out, its free! :)
Trade Idea: Bitcoin broke a 4H support but then immediately closed above this support the very next candle. This caused a fake out and a lot of trapped traders that are in shorts
Reasons for trade:
1: Fake out
2: reclaiming of support
3: 200 4H EMA is under us acting as support
4: 4H Stochs about to turn up
Trade confidence: 6/10 (only reason this isn't higher is because the volume isn't supporting this move up
RR: 4.63