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Falsebreakout

USD/CAD FALSE BREAKOUT AND CLEAR DIVERGENCECanada's inflation rate stays at an 18-year high of 4.7% on Wednesday. The data point released by Statistics Canada on Wednesday morning was in line with economist expectations, tying October's level, which was the highest inflation rate since 2003. Inflation rates are soaring around the world right now, as the combination of record government spending, supply chain disruptions, and a surge in demand for consumer goods has caused prices to rise quickly. USD/CAD is currently at a 3-month high level and on a key resistance level. Also, it is on a few spots before 1.3000. Yesterday the currency pair makes a fall breakout of the key resistance level and close below 1.2882. The traders' sentiment stays unchanged and more bulls on the market are prevail but the bears are waiting to see how the price will react from these levels. On a daily chart, they notified clear bearish divergence confirmed on MACD and RSI oscillator indicators. If the price drop below 1.2754 it would be a clear signal that the bearish divergence is confirmed and probably more bears would be activated on the market. If the price starts to fall it can reach price levels around 1.2625 or lower to the key support around 1.2300. If this level doesn’t stop the price from falling we can see the drop to the key psychological support level around 1.2000. If the bull sentiment on the market remains unchanged and the price break through the current price level again and stay above, it is possible to see the 1.3000 level be reached very soon. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
USOIL time for a pullback? 🦐USOIL on the 4h chart has tested the weekly support and attempted a break. Currently, the market has broken the descending channel and approaching the 4h resistance. According to Plancton's strategy if the market will break above and satisfy the ACADEMY rules we will set a nice long order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:USOILLong
by InkyGrip
4
DOT technical analysisHello everyone, welcome back. * This is not a financial advice, trade on your own risk management * looking at Dot chart, and also analyzing Total market cap with it, we can figure out 2 things : 1. we have a trend line on dot chart in which everytime we hit the bottom, we bounced off and made a new high. 2. every bottom we made on dot, was also made by Total market cap hitting the bottom as well. no we can see that our trend line is broken in dot, but we can see weakness in the breakout, So I can pretty much tell that its going to be a false breakout ( there is no good momentum candles to confirm this breakout ). * Tip1 : Every time price fails to break a level, there is a good momentum made on the opposite side run * So I expect we have a run toward top again, as you can see on the chart, my targets are marked with arrows. Good luck. don't forget to like and subscribe.
Long
by Algo_Analyst
DOGE - false breakout as a good buying opportunity❗Doge is near the key level. The price starts to squeeze, a signal for a breakout, but at the same moment big capital starts to buy back bitcoin and we see big volume in the footprint. This is a signal for growth. Therefore, a false breakout of a key level could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
9
CTK - are the bears trapped 😱❓Bitcoin, along with the whole market, continues its decline. Yesterday CTK broke through the key level of $1.62, after which we did not see a strong momentum downwards, the price consolidated and has now broken through that level upwards. If this bar closes above the key level, a bullish structure will form on the chart - a complex false breakout. In this case, it could be a bear trap that the big players are using to collect liquidity. As a result of a false breakout, the price can reach the targets that are marked above. But be careful with your risk management, as bitcoin might fall even lower, to $53-54K. Which would actually pull the whole altcoin market with it. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
CLong
by Yuriy_Bishko
3
FALSE BREAKOUTS | SPOT/AVOID/TRADE THEM LIKE PRO📈📉 FALSE BREAKOUTS | SPOT/AVOID/TRADE THEM LIKE PRO📈📉 How often have you opened a key level breakout trade, and then the price turned against you? False breakout happens quite often and it is a problem for many traders who buy at highs and sell at lows. ❗️Breakout trading is a fairly popular and viable trading strategy. However, some breakouts often turn out to be false. This can be quite frustrating, not to mention that it can often lead to a losing trade. However, in many cases, an experienced trader can analyze the market situation and react to it accordingly. False breakouts can make a profit if you know how to trade them correctly. ⚠️A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction. When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown. These traders are trapped when the price reverses, which triggers a series of stop losses. New traders are also entering the market, and this puts additional pressure on the price. This often turns the price into a new trend, the opposite of the initial breakout. A breakout that turns out to be false is a sign of strength in a downtrend or weakness in an uptrend. As you can see, a false breakout can easily cause significant losses for any trader. Some traders develop their entire strategy around trading false breakouts, as this can be a very powerful trading approach. Some of the best trades happen when market players fall into a trap and their stops start to work. ✅How to find patterns of false breakouts? 🟢If you do not learn how to correctly identify false breakouts, you will not be able to trade them profitably. For example, there will be situations when the price returns to the breakout point, and only then continues its movement. 🟢One of the ways to detect false breakouts is to monitor the volume. Real breakouts are usually accompanied by strong indications of trading volume at the time of the breakout. When this volume is absent, there is a higher probability that the breakout will not happen. 🟢Thus, if the trading volume is low or it decreases during the breakout, a false breakout is likely to occur. In contrast, if the volume is large or it increases, a real breakdown is likely. 🟢It is also useful to monitor not only the trading volume but also the price movement on the lower timeframe. In many cases, you will see that the price makes a very sharp pullback on the lower timeframe, which is not visible on the higher timeframe. ✅False Breakout Trap 🔴After all, many trading textbooks say that a breakout can be considered confirmed when a candle closes above the resistance level. However, the price moves in your direction for a while and then turns 180 degrees. As a result, you have a stop loss triggered. 🔴The false breakout trap includes several candlesticks, usually 1-4, that go beyond the key support or resistance level. Such breakouts occur after a strong movement, as the market has reached an important level, but the price momentum still retains its strength. Have you ever been trapped by a false breakout?
BITFINEX:BTCUSDEducation
by TopTradingSignals
8
EURNZD on a false breakout 🦐EURNZD on the 4h chart tested a few times the weekly support. The market a false breakout took the liquidity and is now testing a 4h resistance at the 1.62 level. According to Plancton's strategy if the price will break above and the ACADEMY conditions will be satisfied we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
BTC Quick Correction!Money Makers! From what I'm seeing right now on the weekly TF Bitcoin has made a higher high but at the same time, it looks like a false breakout based on the previous candlestick. With that being said the bears are trying to gain temporary control to bring the prices lower to the next support. We all know when Bitcoin corrects, it happens very quickly. If you're looking to short it, I have mapped out the percent you'll gain shorting to the mapped S/R zones. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice. Simplicity Wins
BITFINEX:BTCUSDShort
by rnaofs
2
Yikes Bitcoin... this is NOT the price action bulls want!A core principles of good trading is CONFIRMATION . A core principle of Technical Analysis is closing candles. A good trader waits for confirmation of their trading indicator before entering a trade. One of the key things I trust in my trading and advocate to others is to wait patiently for a candlestick to close to confirm a break of a certain level. Before I will sign off on "the continuation of the bull run" the Weekly bar MUST close above the last All Time High. What we are seeing as the week drags on is not much strength... There are still a few days left in this candle so we cannot write it off yet but should the break not hold the risk increases of a... DUN DUN DUNNNNN: False Breakout!
BITFINEX:BTCUSD
by norok
18
Wait for a clear signal to trade with XAUUSDH1 time frame. Structure: The price has formed a new high confirming the uptrend. After forming a new peak, the price is showing signs of retesting at the 1765 price area. Here, waiting for the bullish candlestick pattern to appear, you can enter a buy trade with XAUUSD. The profit target is the 1785 zone. However, with a bearish structure on a large time frame, the risk of this trade is quite high when there exists a double top with divergence signal. There is no confirmation yet, so a fake breakout could still appear here. Therefore, capital should be properly managed in this case. The key level is also clearly visible at the 1748 zone. In the case of a false breakout, a down move to the 1720 zone is possible. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
OANDA:XAUUSD
by tradafx
USDJPY: High WipeThe high wipe had to happen, we couldn't sell simply from a trendline breakout. This was a trap, now that the trap is out of the way we can look for sell opportunities. I expect one last purge of the highs before we collapse into equal lows. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips!

Short
by AlkalineFX
12
GBPCHF Good Sell opportunity!Hey Guys, Based on the chart, there is a good sell opportunity on GBPCHF. But let check the chart and see what is happening right now: ----------------------------------------------------------------------------- 1. False Breakout happened on a uptrend channel -- Based on the candlesticks ( Bearish ) 2. Price is in a downtrend ( Bearish ) 3. Price reached a resistance area and rejected strongly ( Bearish ) 4. Hidden divergence on RSI(14) ( Bearish ) 5. Price reached to 0.5 Fibonacci ( Bearish ) 6. Small uptrend channel not broken yet! ( Bullish ) --------------------------------------------------------------------------- So Based on the top scenarios, I have bearish bias about the next movements of price which can also have a good risk reward raio. But considering risk management rules in a necessity and have not be ignored. But let's see what do you think about GBPCHF on H1 timeframe. Are you bullish or bearish? - Please write your ideas on the comments. Any idea is valuable for us! Thanks for being and supporting us. Good Luck!
Short
by Brian_Philips