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Falsebreakout

EURUSD → Change of mood after a false breakout. $ is rising FX:EURUSD on D1 is trading in a strong and neutral sideways movement. SMAs just lay on the horizontal plane, but on H4-H1 a change of market character is forming on the background of growth of the dollar index Overall, the global neutral trend allows trading without much emphasis on the trend as there is none. The price is moving between the range boundaries, which simplifies the technical analysis. On H4 the market is changing its mood on the background of the dollar index growth, which in general can lead to the retest of the support zones and the liquidity located behind them. At the moment the focus is on the lower boundary of the range 1.08-1.082. A retest is possible in the near term, and the liquidity behind the zone could influence a bullish correction before a subsequent drop. Resistance levels: 1.085 Support levels: 1.0816, 1.08, 1.078 S&P PMI and New Home Sales are published today, it is worth paying attention to the news, as positive news for the US may strengthen the fall of the currency pair, while unpredictable news may affect the market in the opposite way Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
4
GBPUSD → False breakdown led to the beginning of correctionFX:GBPUSD forms a false breakdown of resistance, which leads to a change in the nature of market movement. At this time, the dollar temporarily changes course and moves to the correction phase. GBPUSD is globally bullish. After breaking through resistance on D1, the price moves into the correction phase, which was generally logical to expect. Ahead is the key area on H4 - 1.29 from which a rebound is possible. A reversal pattern is forming locally, but the probability of a trend change is low. In the medium term I expect a correction to 0.5-0.7 fibo with further reversal, but the long-term outlook is bullish. The reason for this movement is the unstable fundamental environment due to the presidential race in the U.S. as well as the politically dependent opinion of the Fed, as well as the forex market movements are beginning to be influenced by Trump's speeches.... Resistance levels: 1.2978 Support levels: 1.290, 1.286, 1.284 Technically, we should wait for a bounce from 1.29 by 10-20% from the current movement with the aim to continue the correction towards the mentioned support zone. Thursday's news supported the dollar, today the general fundamental background remains (no news). Rate, share your opinion and questions, let's discuss what's going on with ★ GBPUSD ;) Regards R. Linda!
Short
by RLinda
5
GOLD → False break of bullish range support ↑FX:XAUUSD is forming a false breakdown of the previously mentioned range - 2390 - 2400. The return to the buying zone is forming, buyers can push the price to 2450 A reversal swing pattern is forming in relation to the support, which is evidence of buyers' strength. The fundamental background is still unstable, there are many nuances from the Fed and the US presidential race, the geopolitical background in the Middle East and Eastern Europe is relatively stable. Today there is no news and in general we can bet on the work of technical analysis. Technically, if the bulls hold the defense above 2400-2405, then in the medium term we should expect an upward movement towards local liquidity zones as well as towards the upper boundary of the range. Resistance levels: 2405, 2412, 2420 Support levels: 2400, 2392 The market confirms the presence of the range, it is not excluded that the price may go down, but at the moment the situation looks like the bulls are actively defending the lower boundary of the range, which determines the short-term and medium-term prospects.... Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
ETHEREUM → 4K Target. Waiting for SEC with ETH-ETF ↑BINANCE:ETHUSDT is ending the sell-off phase. Buyers have held a strong support area, forming an intermediate bottom. The liquidity capture led to a rebound, which can move into the phase of the uptrend continuation. Fundamentally, the main focus is on ETH-ETFs. Earlier traders were positive about the initial rumors of approval, now the important milestone is the admission of ETFs to trading, judging by the feedback and SEC sentiment, this could happen very soon (within 1-2 weeks) Technically, strong buyers appear in the 2800-2900 zone (judging by candlestick patterns and volume growth), restraining the market from falling and gaining momentum with the purpose of further strengthening (local price movement has a consolidation character). The trigger area for buyers is 3200. Accordingly, further final consolidation of the price above MA-200 and breakout of 3200 may become the reason for strengthening, the target of which may be 4000-4800. Resistance levels: 3200, 3357 Support levels: MA-200, 2868 Fundamentally, the situation is positive, traders are waiting for the news from SEC. Technically, on local timeframes there are prerequisites for a bullish mood, on D1 a rebound from strong support is forming. Accordingly, the overall tandem is signaling a possible further rise to 4K. Rate, share your opinion and questions, let's discuss what's going on with ♦︎ ETHEREUM ♦︎ ;) Regards R. Linda!
Long
by RLinda
36
GOLD → Retest of the liquidity area in front of the bullrun ↑ FX:XAUUSD in the correction phase. The market is testing the support and liquidity zone within the counter-trend correction. The dollar may continue its downward phase, which would be a bullish leverage for the gold market In the week ahead it is worth paying attention to the S&P PMI to be released on Wednesday, GDP and Initial Jobless Claims on Thursday and PCE on Friday. Trump, as the presidential race progresses, has a growing chance of winning. If that happens, gold and cryptocurrencies will benefit on that backdrop. There is not much news today, so gold may test the liquidity area hiding behind 2390-2400. It is also worth paying attention to the new range of 2492 - 2390. Accordingly, if the bulls hold the defense above the lower boundary of this range, we will get a new trading plane. Resistance levels: 2411, 2420, 2430 Support levels: 2392, 2386 When trading gold, I recommend to always pay attention to the behavior of the dollar index, as it plays the main role in the market. Accordingly, if the dollar will begin to decline to the support with the purpose of breakthrough, in this case we should expect further growth in the gold market Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
22
GBPUSD → The correction is coming to an end. Next is 1.310? FX:GBPUSD is in a correction phase testing the liquidity area as well as a strong support level from D1. The correction is news related, but something happened over the weekend that could put selling pressure on the dollar. Technically GBPUSD is bullish, as evidenced by the update of the highs and the counter-trend correction to the liquidity area. Yesterday, Biden announced that he was withdrawing from the presidential race, fielding Kamala Harris in his place. Trump's odds are rising in this case, and he has previously hinted that he wants a weaker dollar. Against this background, the DXY may continue its bearish course, which may generally favor the forex market. Technically, 1.28940 is worth paying attention to. A false breakdown could trigger further growth. But, if the bulls will not let the price to this zone, it will be enough to wait for the price to consolidate above 1.294. Resistance levels: 1.294, 1.297 Support levels: 1.2894, 1.286 Technically the market is bullish, fundamentally everything is good. Most likely, interested buyers are still in the market, so the pressure for further growth may continue Rate, share your opinion and questions, let's discuss what's going on with ★ GBPUSD ;) Regards R. Linda!
Long
by RLinda
19
ZENUSDT → Bullish potential in the red market. Break of 10.0 ↑BINANCE:ZENUSDT demonstrates a rally and a retest of the range resistance in the form of a false breakdown, only that does not lead to a fall. The price is forming a pre-breakdown consolidation. With the breakout of 10.0, the growth may continue On H4, a reversal pattern is forming within the framework of which, while the cryptocurrency market was falling, zen was testing resistance. A false breakout and liquidity capture is formed. This maneuver does not lead to a fall, and the market goes into a state of consolidation, the nature of which resembles a pre-breakdown. There are no fundamentals, the market follows the flagships, which fall because of some problems. Bitcoin is dragging everyone down due to the sale of a large number of coins by Germany, and the debt repayment by Mt.Gox exchange, which has destabilized the situation in general. Resistance levels: 9.79-10.0 Support levels: 9.35, 8.8, 8.14 In this case, it is acceptable to use a breakout strategy against resistance at 9.79-9.87. But, if the structure will be broken, the price, in order to increase the volume before the growth may head towards the support. Regards R. Linda!
Long
by RLinda
8
USDCHF → A retest of trend resistance. Probable rebound FX:USDCHF strengthened as the Swiss franc went into correction due to the actions of the central bank, which is trying to protect the currency from excessive strengthening. Technically, the dollar is in the phase of correction, which may stop in the near future and the index may go back to the strengthening phase, but against this background the Swiss franc growth looks stronger, as this currency is considered as a hedge asset, which just in the crisis times was used by investors. Technically, as long as the structure of the downtrend is not broken and a false break of resistance is formed, I would consider a bounce from the upper boundary of the channel to the zone of interest at 0.8885. Resistance levels: 0.9010, 0.9050 Support levels: 0.892, 0.885 Bears can hold the resistance of the downtrend. The fundamental backdrop is still the same and in general may be maintained for some time, which may allow us to catch a downward movement to the mentioned target Regards R. Linda!
Short
by RLinda
4
GOLD → False breakdown. Will we return to the bullish trend?FX:XAUUSD is entering the correction phase after a false breakdown of trend resistance and the previous ATH. The fundamental background is changed by Thursday's news that supported the dollar. Overall, the environment on D1 is still bullish. If the price finds a strong support in the near future, for example 2390-2400, this area may get the status of an intermediate bottom, thus forming a new trading range. There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar, which is generally favorable for gold, which may soon return to the bullish trend phase (locally) Resistance levels: 2420, 2429, 2450 Support levels: trend, 2402, 2900 Technically, the price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
25
Is the Dollar (DXY) About to Shock the Markets? Take a look NOW!DXY Analysis: Potential Bullish and Bearish Scenarios Overview: This analysis of the U.S. Dollar Index (DXY) on a 4-hour timeframe outlines potential bullish and bearish scenarios based on price movements and key levels. Bullish Scenario: For a bullish continuation, we need to see: Corrective price movement in the area of the blue box. An impulsive move above the last short-term high, forming a liquidity zone (LQZ) on a lower timeframe, or a bullish pattern such as a bull flag on the 1-hour or 15-minute chart. Bearish Scenario: For a bearish continuation, the following conditions should be met: A clear impulsive move underneath the blue transparent box structure. Confirmation of the break below, either through the formation of a LQZ or a bearish pattern, indicating a continued push lower. Possible False Breakout: There is also the possibility of a false breakout, where the price briefly breaks a level but fails to sustain the movement, reversing direction instead. Mindset Lesson: Handling Uncertainty and False Breakouts: Stay disciplined and stick to your trading plan. Embrace flexibility and be ready to adjust your approach. Manage risk effectively. Be patient and wait for the right setups. Learn from each trade to continuously improve.
TVC:DXY
by Adlercon333
USDJPY → Interventions + CPI. The market doesn't believe it...FX:USDJPY is coming under bearish attack. Immediately after the US CPI release, the Japanese Central Bank intervened in the FX market to support the yen. Fundamentally this was to be expected. Japan's central bank is not trying very hard to preserve its national currency. In order to invest minimal effort, policymakers took advantage of the US CPI report. The CPI + Interventions tandem led to a 2.7% decline in the currency pair. But, traders are starting to buy back some of the decline. Ahead of PPI, the news could both amplify the fall and smear all the efforts of the BoJ. Technically, I don't think such actions will lead to anything global. The growth could continue. On W1 the nature of the market does not change, all interventions are gradually bought out and the currency pair will continue to update the highs. Resistance levels: 159.6, 160.2, 160.5 Support levels: 157.7 It is possible to buy out and test the imbalance zone before the subsequent decline. A favorable background may be the PPI report, but after the market calms down, traders may return to JPY sell-offs, which may lead to the continuation of USDJPY growth. Regards R. Linda!
Long
by RLinda
5
ILVUSDT | False Breakout🚀 ILVUSDT is presenting a fascinating setup! We just witnessed another false breakout on the 4H timeframe, backed by some solid volume. Daily Chart On the daily chart, we’re still in a downtrend. This suggests a potential move down before any significant upward shift. Weekly Chart The weekly chart shows a top wick followed by a bearish candle, signaling a likely move down in the near term. Trade Setup I'm setting my order at the previous 4H high and waiting for the action. This trade could play out dramatically, so stay tuned for what promises to be an exciting journey!
Short
by minno91
2
BEAMUSDT | SWING TRADE (FALSE BREAK)Yesterday, BEAMUSDT saw the bulls making a bold attempt to break the 8H high with impressive volume, only to face a swift rejection on the second candle—classic false break! Using my trusted false breakout strategy, I set my order at the previous 8H high with a 1.5 ATR, targeting the 4H low. With the weekend approaching and volume likely to dip, it's a thrilling setup to watch. Will the trade hit the target or hold steady in the low-volume weekend? Stay tuned for the outcome!
Short
by minno91
1
Intel - Stop the bleeding!Hello Traders and Investors, today I will take a look at Intel . -------- Explanation of my video analysis: In the beginning of 2023 Intel stock retested a multi year long horizontal structure at the $26 level. Here Intel created bullish confirmation and took off, creating a crazy rally of +100% within a couple of months. Then we saw a false breakout towards the upside which was followed by an incredible sell off. At the moment Intel is retesting support so we might see a short term short covering rally. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
28
Can we time the market? YES!There is an old, seemingly wise saying, that says "time in the market beats timing the market!" This works for people that do not want to do the work... to study repeatable patterns. Throughout the bull market of 2024 (yes, the market is in a bull market) I have been waiting for and been asked by followers "is THIS the pullback to go long?" Generally, the answer is no and I have a reason rooted in Technical Analysis that I talk about in this video. But eventually... the market reveals itself to us with repeating phenomenon in price action. I have posted individual videos over the last two months as this pullback has gone on in the S&P 500. When it finally reached its culmination I talked about making my yearly allocation in tax advantages accounts. You can see these too and in this video I teach exactly how.
CME_MINI:ES1!Long
by norok
4
AXS Analysis: Symmetrical Triangle Breakout and Market IndicatorThis analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty before a potential breakout. 🔽Breakout Scenarios: A breakout from the triangle could lead to two main scenarios: 1. Upward Breakout: A breakout above the triangle's upper resistance could signal a continuation of the upward trend. 2. Downward Breakout: A breakout below the triangle's lower support could indicate a bearish reversal and a downward movement. 📊🔺Market Indicators and Considerations: The direction of Bitcoin dominance and the Total Crypto Market Cap (TMC) index can influence AXS's price action. In the 4-hour timeframe, the 50 EMA is acting as a support level, potentially affecting price movement. ⛔Additional Considerations: False breakouts are possible, and traders should exercise caution and rely on confirmation indicators. Analyzing other technical indicators and market sentiment can help refine trade entry and exit strategies. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Short
by solinash1
AVAX : Fake Triangle Breakout ! AVAX has been forming a triangle pattern for an extended period. The price was respecting the triangle and making higher lows. Everyone was expecting a bullish breakout and continuation of the uptrend. However, the price reacted to the fall of Bitcoin and started to fall with it. The triangle pattern: The triangle pattern is a neutral pattern that can be either bullish or bearish. The price typically breaks out of the triangle in the direction of the previous trend. The fakeout: The price broke down below the lower trendline of the triangle on 1 April. The imbalance: There is a large imbalance of buy orders in the $44 zone. This imbalance suggests that the price is likely to bounce off this zone and continue to rise. Bullish targets: The first bullish target is the $60 level, which is the top of the triangle pattern. Further upside could see the price reach $70 or even higher.
Long
by Yaroslav_Krasko
5