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Fakeout

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
BTC chart pattern Now thru Nov Calling it as I see it happening. This is only my opinion and gut feeling on what is going to happen. I'm calling it now. 34k BTC soon, easy ride to test for support to go up, then after braking it we go to 38K hit real resistance and we could go flat right there for the rest of the year but because of Economic crash coming this fall and start of next year, I think all the markets will crash, wall street included. A great depression is coming In My opinion. in order to go to 80K we must brake 46500 and hold over 50k for a week, if we do 80K will be top. and then down like you have never seen before. Market crash October or November 2022 BTC down to 12K This is my official perdition and we will see if I'm right. Play this right an make some cash, take your profit by buying the longs this summer as bulls try to push to 100K but will not make it, then sell the fake out and cash in . That is my plan. I can't tell you or advise you how to invest and you should never invest more than you can afford to lose. I am basically telling you how I will be investing. Good Luck to us all. God speed. PS call your relatives and say Hi, I have lost some that I did not get the chance to talk to before they died. Not a good feeling. Just a note to take time off to see the ones you would miss if they were not here anymore. Now back to this Texas 100F 38C heat Yuck.
COINBASE:BTCUSDShort
by bigfootInvestments
How did Open Interest tell me: Stay long as BTC Dumped!?!BYBIT:BTCUSD I was in 3 long trades as Bitcoin dumped on the 26th of May 2022. I had 2 choices. Close my longs because I saw price dumping below my entry or look at what Open interest was telling me to determine if this was a fakeout. I saw price dropping as OI was dropping. This meant that longs were closing out their positions, which means that when this ended, price could reverse quickly. Longs were closing out their positions and re-entering as shorts. As soon as this selling dried up, Longs started entering and then suddenly shorts were being liquidated, pushing the price up again. This is known as a stop run. Hit long stops and then hit short stops. Be aware of this kind of fakeout as it happens again and again! Learn to trade the retest and why it is important not to short at support and inversely why it is NB not to long at resistance, UNLESS you get a retest of that level! Not financial advice, DYOR. Papertrade before using real money. If this educational snipped helped you, please consider giving it a thumbs up and follow for more like this! Trade Safely and Learn something every day! Shawn
BYBIT:BTCUSD.PEducation
by zartraderguy