for the next few weeks I believe we will have at least a bounce from this area volume is increasing in the last month we are below the 2020 lows and all this price action can be a false breakout from that area(only a guess) remember: I am treating it as a long term trade
eurusd short price action support and resistance supply fake breakout
Hey everyone, i pinned trade from friday. This idea was about pa, where support was break and after i didn't seen retest support, but just false break. So i waiting for break to the back zone and retest support. For normal trade 1:2, when the risk is 2%. Jindrich.
It's not a financial advice, it's just my opinion, that gold has made a resistance level at 1828.78 it will try to break it, but if it's false break, we set a sell stop order beyond that level and hope for 1:3 ratio Take Profit. If it hits our SL, we make same order again.
Yesterday there was a false breakout! super beautiful example! I will tell you below what a false breakout is! False Breakout Patterns False-breakouts are exactly what they sound like: a breakout that failed to continue beyond a level, resulting in a ‘false’ breakout of that level. False breakout patterns are one of the most important price...
this is trade no 78, an added info to the same fcpo chart... introducing a breakout killer - "false breakout"...today false breakout has yet shown its ugly head again...if you trade a breakout strategy then you need to add extra filter to eliminate those bad trades...well, I have found one...hehehe...let's share yours if you got one...tell me in the comment...
NZD/USD has recently moved higher in a strong uptrend and for the past few days/weeks has been consolidating in what could be the first pullback on the higher timeframe. Diagram shows the 4 hour time frame and shows price has bounced twice in the past off of a support zone (purple box). Current price action has just formed a Pinbar on the one hour (my entry time...
Hi traders, As I told you in yesterday's video I need to see a Daily bar CLOSE below or above particular SR area for me to consider that area broken. Yesterday was a picture-perfect demonstration. SPY dropped as low as ~296, turned around, and finished the day in SOLID Green! And today it's gapping even higher with a high probability of filling the gap up to...
Seeing recent price action I couldn't help but begin to react to potentiually early signals of a short. Between the two pennants we can see where it moves 'sideeways', but is this consolidation or rather, capitulation. Now we saw the price drop, then stablise into what i SEE as a bearish pennant. I then overlaid another pennant, conforming to fib levels and...
as we see today, the friday closing was indeed... a false breakout...now still in a bracket market
it broke the wedge making an illusion of an new upward trend it then false broke 10000 and a long-term downward trendline, which should have trapped a lot of people if it continues to break 8000, the wedge will be false broken, which is super bearish never trust any fundamental news about Bitcoin, the whales dominant the price movements
need to identify whether the breakout is real or not on monday
Buy on Breakout 0.075 if pullback happen but not break support still can consider. S1 = 0.06 , S2= 0.65 GOOD LUCK !!!!
Hi traders! I'm new here and learning about different strategies. Now applying a false breakout strategy. Spotted a swing low and the candle that broke that price was between 1 and 2 ATR. Placed entry with a stop loss at 1 ATR from the lowest price point and take profit at R:R ratio of 1:2. Do I need to take more into consideration when applying this strategy?...
false breakout - the fatal reversal which could kill a breakout method... so beware of these kind of false breakouts if u are trading a breakout.... or else mix your strategy with something else..
ust Saying To anyone new on here Do not believe the Bs Market manipulation cnn shock hype tabloid scare tactic news headlines on trading view they all pay to advertise their false and self opinionated supposed news flashes they are no source of credibility such Bs who the hell is Sally Hoe Who The Hell :poop: :poop: Cares she must pay trading view allot to...
stop loss it is clear where to put. and then we will look at the development of the position. Here is my past forecast worked out.