Hi Traders! The market is - after a strong Upmovement - in a consolidation. As you can see the rally started at 1.07800. It climbed up fastly and finally reached the weekly resistance at 1.14000. After that it started the consolidation. This consolidation is in a pattern of the descending Triangle. Now there are two possibilities the market can do: ...
Hello Traders!, Hope we've had a good start to the week! On to our mid-week analysis I've come across some AUD strength on 4H & D1 timeframe, so I've been searching for a set-up on the 1H timeframe and see confluence on the AUDJPY pair What Is The Market Telling Us? Market is showing bullish sentiment after 2nd rejection off 74.50 support level 50SMA shows...
FX:USDCHF in consolidation on the 1 Hour chart. Trend: Bearish, wait for breakout Enter SHORT @ 0.9605 Stop Loss @ 0.965 Take Profit 1 @ 0.953 Take Profit 2 @ 0.95 Take Profit 3 @ 0.943
Hello fellow traders, Context After being caught within a symmetrical triangle - visible on the 4H chart above - who's resistance has constrained ETC/USD's price action since ~May 30th, ETC appears to be primed for a breakout. Additionally, ETC is breaking out from a smaller time frame resistance label visible on 1H chart below (labeled STF resistance). ...
Fellow Traders! I have spotted a potential trading opportunity, GBP/USD (LONG) ANALYSIS: Consolidation & Bullish Breakthrough Resistance at a key support level Rejection At Fib Level 61.80 Previous Strong Bullish Momentum
ITC is in consolidation zone . .. with high uptrend possibility higher lows forming for risk takers buy above 203 ... ... buy only when rsi above 60 in hourly chart with small target if 210 .. safe traders buy only when red line becomes support for new trend cycle
CADJPY looking bearish on the 15m chart. Possible intraday trade setup at retest of consolidation structure. RR of 4.11!!! Like this idea if you agree! Remember to always trade responsibly and with appropriate risk management. Happy trading and happy Wednesday!
The pair has reached a key structure level on daily, and a bounce up is reasonable to expect. There was a nice consolidation inside the structure, a breakout, and a retest. A good long with a decent risk reward. The stop is below the consolidation support. Targets are meaningful resistance level. Guys, like, subscribe and comment! I appreciate every...
FCPO active month current resistance : 2300 current support : 2250 strong support : 2200-2210 waiting for a breakout this is a trading journal, not recommendation of buying or selling fcpo trading
According to my observations, it is evident that this pair is hitting a strong resistance point. That being said, i am waiting for the break of the lower level of consolidation zone. Once i see there is a break/ retest of said level, i will enter while placing a stop at the top of the consolidation zone. If prcice breaks the upper consolidation for a continued...
(plz like and follow me for regular Analysis) $BTC is testing 9.2-9.3k resistance level. What we expecting is more consolidation at this area and then breakout either side. There is 2 scenorios:- (1) Reject from here and again back to 8.8-8.5k levels. (2) Breakout and attempt 9.8-10k level again. I will keep you updated, plz follow me notified !! Thank you!!
Looking nice. 10 is over 20 and 20 is over 50, and consolidating between fibs. I believe there should be some upward movement coming.
As price has finally breaks down Support&Resistance stated on chart above, I'm watching if this idea will be valid or not for this week. Trading traps might be one of dangerous action to execute, as if its fail to be a bear trap, price might just go down as well and worst case scenario, price breaks lower to 1.14772. If bear traps was a success, we might see...
SPX has been consolidating between the 61.8% resistance level and the 50% support level. Many orders concentrate on these key Fibonacci Retracement levels pushing the price in the desired direction. In consequence, the price has been consolidating between the levels and the next breakout could be huge, determining the next direction of the overall trend. As I...
Price is currently consolidating within a previous major support area, where we could consider opening longs assuming it closes above it. The next challenge we are faced with, is the current parallel channel which is more visible on the hourly time frame. I'm hoping to see the price break out of the channel and continue to the upside, retesting our long term...
What we thought was a bear market, may have just been a multi year slow grinding consolidation. I believe this rocket ship will launch on JULY 1ST 2020! Not financial advice. Just my opinion. Always do your own research. COINBASE:BTCGBP LIKE / FOLLOW / SHARE
Consolidation triangle support shorterm goal of 1717 while longterm upward trend plus macro economic trends of governments supporting entire economies financially should push gold higher.
The price is trapped for now, we would wait for breakouts and retracements. From then we will be certain of the orders we will place. IG: @andiledrumboii Telegram - @Andileza