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Falsebreak

AUDCAD Short Term ForecastD1 - Bullish trend pattern. The price has reached a key resistance zone formed by the 161.8% (0.96314) fibonacci expansion level of the first wave and the 61.8% (0.98591) fibonacci expansion level of the second wave. Shooting star candle pattern, potential bearish divergence. Expecting corrections to happen now. H4 - Engulfing candle pattern. The price has created a false break of the wedge pattern. Expecting the price to continue lower further in the short term.
Short
by VladimirRibakov
4
False break for the EuroAre we looking at a false break on the Euro USD according to the Indicator we are trading along the top 1% of price movement at the 3 standard deviation meaning we could be looking at a quarter high with that we are also above 1.100 which was a key level to start looking for move in price action we may see parity which would have this pair fall to 1.00 before the market makes its decision on its next move. But we face a high probability that the down ward pressure in this pair is here to stay Targets: Short at 1.100 Exit at 1.00
Short
by RobinhoodFX
1
USDJPY ForecastH4 - Price respected the key support zone formed by the 106 psychological zone, alternative trend line, and the 61.8% (106.371) fibonacci expansion level of the first wave we have. We also had a false break of the alternative trend line and the last low, bullish divergence. The price has also broken above the downtrend line and has created higher highs. H1 - Bullish trend pattern, currently it looks like a pullback is happening. Bullish hidden divergence. Expecting further continuation higher after pullbacks.
Long
by VladimirRibakov
SP500 Short Term ForecastH4 - Triple cycle to the downside completed, price is holding above a strong support zone, false breaks with bullish divergence. Downtrend line breakout, we may now expect possible short term retraces to happen. H1 - Bullish trend pattern, until the buy zone holds my short term view remains bullish here. Invalidation - If the price breaks and holds below the 61.8% fibonacci retracement level then this short term bullish view will be invalidated.
UShort
by VladimirRibakov
USD/TRY is forming a second pennant move We can see on the half hour graph that USDTRY is forming a second pennant formation. We have to wait and see other indicators to support this move such as Parabolic SAR and RSI. Moving average is crossing the bollinger middle band as I'm publishing this. Volume is getting higher in each stick forms. Also bollinger bands narrowed down for a move. Target of this pennant will be around 5,81 This morning price made a false break of pennant support. Just like it did on the first pennant formation. And the steep uptrend started right after this false break. Most probably that false break stopped many people's trade.
Long
by Emrut