Have a look at this , Gold has been consolidating and been cooling off the over bought pressure. Its well cooled off now, have a look at that Weekly 50 on the RSI ( has bounced back and been basis for bull support over the last few bounces off trendline) 1775 level key level for a strong bounce I had been waiting for this to drop, but this is too strong ......
You can see that EURJPY has been in a state of Consolidation for two weeks now, the base currency EUR is very strong and the JPY and other real pairs are pulling down but the EURJPY is swinging steadily and the bear pressure has been suppressed by the bull! Now the consolidation limit is broken and you can definitely get a target profit of 85 pip with a very good...
The EURJPY has been oscillating in a consolidation area for the past two weeks, and considering the cash flow index there is a sharp decrease in volume and on the other hand the pattern is below 200 ma and 50 MA, if the consolidation zone breaks down to 75 pip in a short oder. An easy profit can be made
Consolidation is looking like it's over. Grab your boards and get ready to catch the next wave boyz.
Watching SGMS (gambling industry). It looks very good both on daily and weekly charts. Consolidation since october at 35-40 range Higher lows, testing 40. Good volume I'd look for a breakout over 40 with 60 target.
In the last 2 weeks GBPUSD has been moving in the range of 100 pips - from 1.3290 to 1.3390. Yesterday we saw a break in the upper limit. This means that at the moment the buyers have beaten the sellers and they will determine the direction. The next resistance levels are 1.3465 and 1.3515. A test of the zone is possible, but going back into it and falling below...
This thing is holding up quite well.. As I mentioned yesterday, there was a bearish divergence forming and was expecting a drop. Both of my support zones showed good bounce, which is a good sign of continuation in the near future. I wouldn’t be surprised if we consolidated a bit before the next leg up over $20K (see chart). Good luck y’all!!!
Following the uptrend in November, AUDJPY entered the H1 range. The break will allow you to enter a trade. The previous upward trend suggests that we are more likely to see a break in resistance, but pre-entries will be risky. Wait for the price to close outside the range and then look for an entry in this...
NASDAQ:NFLX Reasons to buy: 1. Breakthrough moving average 50 exponential. 2. Breaking up of a descending local triangle. 3. Breakout from a 14-day trading consolidation. 4. The stock is near the up trend line. 5. A strong giant company that is 14% below its all-time high. 6. RSI14 around 50. Not in a state of overbought. Good luck!
So tomorrow we will find out if XRP will consolidate before breaking 0.45. If it goes lower I expect seeing numbers like 0.3 or even lower in the next week. If it consolidates we can even expect 0.80 in the next week. Good luck guys!
when everyoune is berish btc is a big puller. break this 1 hr consolidation with big V flip r/s then there is not many stops from ATH no majors. big drop from ATH imo was mainly due to okex withdrawal enabling after a long freeze. dont think other fuds had any impact. so btc has very little reasons not to resume climb. another possibility is a big bul trap. keep...
The double top that I thought price was making has now been formed. Price has also closed below the lowest candle which can be classified as a breakout. I belive that price will continue down for around 75 pips. After price is halfway there, I will set the trade to BE , and close some profit but ultimately I belive that price will fall here.
15 MINUTES TIME FRAME. CONSOLIDATION: 200 EMA AND PRICE HORIZONTAL TREND. WAIT FOR BREAK OF STRUCTURE AND RETEST (1 OR 5 MINUTES TIME FRAME) IF BUYING PUT STOP LOSS BELOW 200EMA AND ABOVE IF SELLING.
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Hi Traders In the past weeks USDCHF has bounces of the support zone at 0.90940 while forming lower highs creating a descending triangle pattern. After a brief consolidation and waiting, the bears finally made a breakout to the downside, further continuing in a downtrend. I set a intial sell entry so let's see how the market plays out. Thanks for...
Apple had a recent 4:1 split. It looks to be absorbing the buying frenzy that took place before the split. (Tesla split on the same day and looks similar but finally had a catalyst that propelled it upward. ) Apple is consolidating. The breakout from this tight trading range would be 121.99. There is overhead resistance around 127 & 138. I would be adding...