USDCHF is trading at resistance area. Here it has also given a fake out we can see a good drop in price. In this drop we can see price around 0.86 Keep in touch we will update further soon.
GJ's market structure has faced multiple consolidations in the previous month. I believe we could see a strong bullish momentum this week since we had multiple fakeouts, and high impact news this week.
1.You can diagnosis fake break outs with RSI divergence 2.One of good setups is wedge setup. Don't forget you can open position on third touch to trend line when you have divergence in RSI 3.Trend is your friend until it don't finish but here I didn't open position because I didn't have good r\r
US30 perfectly approached the 4h Supply Zone. As predicted, it rejected it after a fake-out where price took liquidity.
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
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT THE EURO / DOLLAR PAIR. * The pair has been range bound in consolidation for a while now, trading in a descending channel within this structure. - The pair saw a break above of structure currently rejecting this move, which brings the possibility of the descending structure being in play...
Hello traders! As I always told you buying on bullish breakouts never works. The winning probability of buying on bullish breakouts is 1 out of 6 but if you sell on bullish breakouts then the winning probability is 5 out of 6 times. The numbers are the failed breakouts counting. The Gold has already failed 5 times and this time we might see a mega pump in Gold...
After the FED meeting, I think that this will support the BTC side, since a tapering came below the expectation. I think the long-standing correction movement will end soon. It would be nice if this move puts us in the 53k - 55k band to prepare for the next big drop. If you like my graphs and insights, please support :) Your motivation gives me strength. Just...
Hey tradomaniacs, welcome to a new free trading-setup. Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures! CHF/JPY: Daytrade-Execution Market-Sell-Order: 116,740 Stop-Loss: 116,900 Target 1: 116,600 Target 2: 116,470 Target 3: 116,340 Stop-Loss: 16 pips Risk: 0,5% - 1% Risk-Reward: 2,48 LEAVE A LIKE AND A...
In my last analysis, I was a bit devided by the price action of Bitcoin. Bitcoin broke in and out of its triangle whether it was bullish or bearish. We spotted 2 false breakouts on the downside and one on the upside. When the price was at the support line of the triangle, I said that Bitcoin had a 55% probability to rise to resistance and possibly break it. Right...
We took shorts as the zone provided multiple rejection wicks on the hourly. We zoomed in to the 30min zone and awaited to see the rejection fake outs. The Supply showed good rejections plus a strong order block.