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Falsebreak

EURUSD - balance range (1.2218-1.2295)EURUSD is in balance (consolidation) now with a range levels 1.2218-1.2295. In Friday we saw a false break down of this balance. What to do now? There are 3 options in this case: p 1. Trade after consolidation will be break up. If the price breaks out level 1.2295 and holds above, we must wait for a correction to upper balance level and than buy. p 2. Trade after consolidation will be break down. If the price breaks out level 1.2218 and holds below, we must wait for a correction to lower balance level and than sell. But you must remember - if false break out/down happens and the price will return back into the balance you need to close position immediately. p 3. Trade inside the balance from the lower balance level (it's not recommended to trade against a false break out/down). In this case you need to put stop below the false break down.
by DzenTrader
POWR/BTC Volume Analysis Prediction 2/7/2018Power coin made a false break down of strong supoort level 6485. Also the price break out the trend line. On intraday chart we have a strong bullish trend. In summary, buy priority with a great potential. Trade recommendation: Entry point: 7890 (buy limit), 8602 (buy stop). Stop: 7349 Target1: 9850 Target2: 10900 Target3: 11700 Glossary of terms Point of Control (P O C) – The price level for the time period with the highest traded volume . Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. Balance - Accumulation Area.
Long
by mooncatcherpro
USDJPY Double ScenarioSell Scenario D1 - Price reaching the bottom of the range. and I believe we are going to continue lower as there is big bearish pressure. Bullish divergence forming, so we may expect the price to break below the bottom of the range and the previous lower, then a correction to happen. Once this correction completes itself, we can look for sells. Buy Scenario: H4 - Double wave down, second leg is nearing the 100 fibo expansion level which coincides with the bottom of the daily range. We may expect the price to move lower now, which might form a special cycle which is then going to create another false break, then the up move is very much possible. Once the price reaches the 50% of the range look for bearish evidences and only after we get confirmations for bearish momentum look for sells. In case if the price breaks above the 50% of the range then there is a good possibility that the price might reach the top of the range again. H1 - Alternative trendline, we may expect the price to respect it.
Short
by VladimirRibakov
USDCHF Buy IdeaH4 - We got one false break, we might look for one more false break. Price broke below alternative trend line. Double wave formed and the second leg reached the 161 fibo level and a reversal is happening now. M30 - We may now look for a correction to happen (this could be higher than the most recent low or lower than the most recent low) both are fine. After the correction once we get bullish evidences, we can look for buys. Alternative Scenario: Look for the price to provide some sort of correction and then one or two more waves down. After that once the price breaks above the middle point, we can start looking for buys.
Short
by VladimirRibakov
Bayer Buy IdeaW1 - Double wave down, Price moving higher after reaching critical zone. Bullish divergence formed. D1 - Special cycle completed, we may expect the price to reach 50% retrace. H4 - False break on the bottom and also a false break on the top with convergence. Possible push to upside or at least in a corrective range. As long as the low at 102.11 holds, we can look for buys until price reaches 38.2% and 50% of daily special cycle. H1 - If we get a break above 104.84 and creates higher highs, we can then start looking for buys.
MIL:1BAYNShort
by VladimirRibakov
EURAUD Double ScenarioD1 - False break followed by higher highs, continuing bearish divergence (no PNP divergence yet). We might see new highs with the price reaching 160.70 magnet zone but before that we might see a double wave correction. H4 - We have first leg and it looks like a corrections is happening now. once the double wave completes itself in the 100 or 161.8 fibo level, we can go long with the breakout of the most recent trend line. H1- We have double wave up and once we get a breakout of the uptrend line, we can look for sells. If you want to be conservative then follow double trend line breakout principle.
Short
by VladimirRibakov
2
NZDCAD Buy IdeaD1- After double wave down, price is moving inside a pattern. We have got two false breaks and bullish divergence. H4 - We may expect double wave to form with price reaching the bottom of the pattern and then we may expect a bullish reversal. H1 - We may expect triple cycle down, which will also form a double cycle on the H4 chart. We have a perfect magnet zone that has formed. Once price reaches this magnet zone we may expect a bullish reversal to happen and we can look for buys.
Short
by VladimirRibakov
USDJPY - getting ready to sell or buyOn the chart i marked 2 circles - red and green , green will be the price zone to buy after a false break down and red will be the sell zone after a false break up. Also red zone will be the 38% retrace zone of the last move down - i didn't marked it because i don't want the chart will be to messy. Anyway, the really important idea here regardless to the buy / sell from top to bottom is the entry price opportunity for longer term buyers/sellers - eventually i think USDJPY can go to 110 zone or 112 zone ( without to much of retracement ). Best of luck to the bulls and bears :-)
by uriyaz