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Turtlesoup

Dogecoin - False breakout in play?This is an update to my previous post about Doge. Last analysis was a bullish triangle play, the analysis has now been changed alongside my view on this coin. Price have printed a turtle soup at the recent high after a good run to the upside. Price have broken out of the pattern and now retested. I am now short based on the retest with a SL of 0.4360 I am now curious to see if my thesis is right and if Doge rolls over i will taget 0.15 area where we have a old major channel that is visible on the 4H if you zoom out alot.
Short
by Norsefx
5
Long Nasdaq Turtle soup from potential Low of weekSeasonally bullish July. HTF still bullish imo. Turtle soup long after deep sweep of Weds 3rd July low and after touching +bkr 4hr CE, and after reaching ABCD down projection. Ideally now i want hourly bodies to respect one of these levels, and us to get a lower timeframe break up in structure. If it keeps spooling down all day, then i'll take the loss. -NQ has been very much weak sister for many days now, feels to me like it's time for it to start showing relative strength now and and become the stronger sister to ES. -Seeing if we put in Low of week here in the opening hour, or later today. -Buying around the ABCD downleg projection, and the +OB wick CE W -Stop below +OBMT W and just below an old daily low (Tues 2nd July): Basically full exit/loss if we properly lose the +OBMT W below. -Ultimate target is the nice 20600 ABCD confluence (ABCD projections align here from both the 2023-2024 swing and the June'24 swing). Gut says we have NOT properly topped in indices. -Will take paritals at FVG H nearby overhead, and move stop for remaining position to breakeven. -Will take further partials and trail stop if we breach ATH Nasdaq. -Will take last of position off at the beautiful ABCD projection confluence 21600, if we get up there before early August. -If this runs up, i'm willing to hold til the end of the month (Indices are seasonally bullish in July) -For confirmation of shift back to bull in earnest, i want to see the FVG H above us 'flipped' bullish (resist, small retrace, then power on up through it) *Note to self: i should really wait to enter after getting low timeframe confirmation of a bottom, but i'll be totally honest: i want the satisfaction of potentially catching the low of week; I accept the risk of price just spooling on down and stopping me out today. **Just an idea for paper trading, not financial advice
CME_MINI:NQU2024Long
by twingall
GBPUSD: False Break Prompts Bullish MomentumCurrently, GBPUSD has exhibited a false break of structure, commonly known as Turtle Soup, suggesting a potential bullish draw towards the daily Fair Value Gap (FVG) . Price has retested an m15 bullish order block, indicating a possible bullish continuation. Alternatively, price may reach the H1 Order block, where a confirmation entry can be sought for a buy opportunity. Please note that I will be closing my trade at 12 PM NY Time as I cease trading for the day. Kind Regards, The_Architect
Long
by The_Archi-tect
EUR/USD Scalp IdeaPay close attention! This is the Last 7 Days (Trading Days ofc) ! I drew the London Session's Low , You see Every time we Hunted the London Low in NY Session and Reclaimed it, So We had a Scalp Chance to Long at London Low and Take Profit after 24 hours. the only day that we didn't reclaim London Low, it was Thursday and the price was effected by the news. Thursday's News: 🕯USD: Core PPI m/m 🕯USD: Core Retail Sales m/m 🕯USD: PPI m/m 🕯USD: Retail Sales m/m 🕯USD: Unemployment Claims Do you Think we Should keep using this Pattern for the next couple days? How we can improve our Stop and TP?
Education
by rohi99
Possible ES MMBM in play for the rest of the week.I'm looking for possible MMBM in play for the remainder of the week. Reason being since the market opened on Sunday it has been seeking SellSide liquidity exclusively with today trading into a discount liquidity pool after the lunch hour. While certainly there is room for further downside expansion, I believe that the market could begin trading back into its weekly range to liquidate any buy stops stacked along the way all while filling inefficiencies. As long as we remain below 4150 I think we could expect further downside but if the market shows a willingness to break aggressively above 4150 then we could expect some new highs to possibly be formed. This is not financial advice just pure speculation from a neophyte trader, GLGT.
CME_MINI:ESM2023Long
by Mr_5Handles
P2P | DXY - Lets Finish This...Alright guys and gals so I wanted to post this chart to detail the movement of the dollar index. For some time we've been bearish and following the downward Fib levels. I can see price making equal lows which tells me price could be attempting to turn around or just building up more buy orders to sell off! The small white trend lines you see are Turtle Soups, meaning price made a short high, and then that high was eventually taken out and continued lower. So my final level on my Fib is my POI, where I believe price will reach and immediately turn around. It's all about levels, price action, and time sequences. But as always everyone happy trading, trade well, and lets run it up from 2023 til infinity! You can continue to grow the page by liking and following the channel, and if you get any value from this to boost it too! DISCLAIMER ***This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held responsible.***
TVC:DXYShort
by Pips2Porsches
Usd/Jpy Turtle soup short setup.Usd/Jpy 1H chart. Price have recently printed fresh highs, with this ONE even breaking the high formed back in 2002. Price have pushed trough the recentLY formed high and failED to move higher. The pair itself has moved 19% in a almost a straight line in the recent months, thats alot even for this currency pair, this pair usually top out at 16%, so the thesis behind the trade is a good old exhaustion trade. Limit order out @136.68 Stop value: 1% Plan is to take 1/3rd of the position off if price gets to TP 1, and ride the rest all the way down to June 2022 lows if price allows it.
Short
by Norsefx
4
SET broke through the pennant bottomHello traders out there! We can now see the full force of the bearish engulfing, the 22nd of July, I hope everyone with active SET trades has protected them, with a stop-loss, or taken out profits since then. If the slow shielded animal (more explanation about the phrase later) won’t give protection to SET I can still see nice turning points. Mainly due to the simple fact that this run was done with so many gaps. Investors need to get familiar with a simple fact, that gaps will get filled –sometime in the future, in some timeframe, they will most defiantly get filled. First of all, I put some trust in 1300 (double zero) support and resistance, and if it gives up, then SET is back in in the “gap-island” support. At the bottom of the island I will also put FIB.50 and if the support from here, either, find the strength to have SET bounce back, well then I would say; “prepare for a setup that can very much mean SET will test March lows” Finally, let’s finish this with a positive note, for all Bulls out there: can always hope for a classic turtle soup pattern, i.e. false breakout, occur and if it does then be prepared for a ride up north. breakout is almost always a strong signal to the opposite way of the breakout.
SET:SETShort
by SamuiTrader
2