EUR/USD has displayed bullish characteristics over the last couple of weeks. - We have reach a high in the market @ 1.095. - This high was made after a bullish A,B,C,D pattern aka (Trend). - In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085. - We currently have made a bullish pin bar...
EURUSD: Bearish Fakey Setup Price Action: Price sold off from the recent Bearish Fakey Setup that had formed just under the 1.1482 – 1.1523 key resistance area, late last week (We suggested selling from this setup in the February 11th Newsletter). The recent Potential Bullish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some...
I see: 1 - Pinbar 2 - EMA crossing 8/21 3 - Formation of pattern @Fakey (False Breakdown) on 50% Pinbar Going lower, then a quick recovery
I believe it is just retesting the channel then it is going to fall back down. For now it is faking a buy
Who wants to bet that RTY (Russel) is setting up for a liquidity run on those juicy equal highs? If that's the case, this could be short term bullish but then bearish.
About this forecasting, it's the first time I try to apply Canada's Bazi Chart to forecasting about the finance of this country during June 2020. Let see what happen on the next 6 hours - a few days 🤓
Hello Traders, Channel on the GBPJPY is still valid after a fakey in price action in the last couple of candlestick. Price has currently formed a Bullish Engulfing candle on the support of the channel confirming channel validity. Entered a long position for 1:2 Risk Reward. Regards. Note: This is not a financial advice, it is for informational purpose. @julzey
Current: South Pattern: Bearish Fakey at Resistance Sell stop as when pattern activated Stoploss and Target on Chart RR~2.2
Buy AUDUSD until the upper trend line.
Gold look for long,after those fake break low. Price action break the support and no force to push it down and go above the support means this support still work. Buy to the next resistance above.
Buy at 1.25333 SL: 1.24874 Target 1: 1.26000 Target2: 1.26737 RR = 3.6 ~5
Expecting to form a new trend! Let's see if that pin bar does anything before going Long.
I see many SELL signal in Daily and Weekly chart! 6/7: Waiting for sell signal to come --> Expect time to form signal: 8-9 (2,3 days) Maybe set a Short now TP to Target 2 so now let's have a look at this - Effect of the waiting signal: + break from zone and then go down to Target 2! (+++) Or + Fakey false break, and then go up(++) My...
Willing to hear your opinion on this! Target and Stoploss on chart.
Price is cosnolidating and a fakey setup has been formed.Sellers are trying to push prices lower but it seems the pin bar buy signal within the coiling inside bars might push prices higher.
False Break Out Pattern detected Potential move to the upside expected Preferable to wait for a break of the 1.5144 to confirm bullish sentiment 1st management point : 1.5169