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Falsebreak

AUDUSD - Looking for Intraday Longs in this ZoneI can't remember the last time I traded the Aussie. After holding previous structure highs at 81 cents I really haven't had an opportunity that interested me. Recently we've broken below those double top lows at 78 cents initially putting short opportunities on my watch list. long-term this is still the case, however the recent break above close above & the formation of the previous candles gives signs of a potential false breakout and perhap [s another move higher. (I really hope that's not as confusing as it sounds.) - Basically what I'm saying is, although I don't really have a long term bias on this pair, I'll be looking for intraday buying opportunities in the live room today. Akil "Kind of Strange That The NBA Season Is Starting So Soon...but I kind of Like it"
Long
by Akil_Stokes
19
TripAdvisor Buy IdeaW1 - Bearish cycle is near its end. We have bullish divergence and false break. D1 - Special cycle is near its end, bearish divergence has formed. Currently we have double waves to follow. H4 - False break of trendline. No breakout of last high yet. Measuring the first wave we could see a possibility of a push down also bullish divergence is forming. So we may expect the price to go deeper and then to push up. This setup is valid until the last low at 35.46 holds, false breaks can be neglected.
NASDAQ:TRIPShort
by VladimirRibakov
AUDUSD Buy IdeaD1 cycle completed, expecting a correction towards 0.78 zone. If we get a false break around this level along with divergence that would be a great sign for a bullish reversal. Note - if we get second false break at the bottom we have all the reasons to expect a potential range afterwards ( 0.78 - 0.81 zone). We have a magnet zone created by two cycles. We can expect the price to bounce anywhere inside the daily 38.8% zone. We will be looking for divergence to complete itself and false break to form. Suitable strategies here will be the Forex Libra Code, sRs, Triple B and Scorpio Code.
Short
by VladimirRibakov
EURCHF Sell IdeaD1 - Bearish divergence and a potential false break if we get a close below 1.1540. H4 - We have bearish divergence on H4 chart as well and we may go short with the breakout of the trend Line. Conservative approach - You can either use the double trend line principle for entries or wait for a breakout below 1.1430 first of all and then rallies to short. If you are trading, using one of my strategies, simply wait for a valid sell signal. As long as the top holds and we have gotten out confirmations for bearish reversal, we can look for sells towards 1.12.
Short
by VladimirRibakov
CADJPY Sell IdeaD1 - We are after sells as long as there is no invalidation for this bearish plan, which will be the break above last high. H4 - There are multiple false breaks and correction is happening now. We saw a false break of the up trend line also and price got back inside the wedge. A breakout will follow from this zone and if it goes in our direction we will be there to trade it. In summary – here is what we are looking for: breakout, correction and we can look for sells.
Short
by VladimirRibakov