CADJPY appears to be consolidating near a previous support around 84.82 Watch out for a breakout of the previous low at 84.90 which would open a target at 84.40
Opportunity for an aggressive entry with Bullish Cypher pattern on USDCAD ONLY if it fits your trading strategy, otherwise sit back and wait. That's what I'll be doing, waiting for my entry signal and desired R/R.
Watch for a break with confirming indicators
USDCAD has finally approached the area at the top of the channel which will likely provide the best area to short the market. We will be looking to sell the breakout out of this smaller consolidation channel. I have waited for this consolidation to publish an idea, as it would suggest the upturn in price of the last few days seems to be losing all steam as it...
On hourly chart, the price action breaks out from a consolidation that shall move prices to next resistance level of 865 levels. Target 865 Stoploss: 830
Hello traders, This is my symmetrical approach on eurusd, I've seen the notion of symmetry as a reoccurring theme in the markets. Don't place trades if price stays in consolidation zone. Trade safe, trade well.
Consolidation structure with high probability of breaking out to the upside
Hi guys; As human nature like simplicity, a long consolidation period due to being the price around 100 is highly possible. It will move up or down but, after a while
EUR/USD moving sidewards with no apparent bias in the last week. Volatility is expected this week due to the EU Ref. If EUR/USD breaks 1.13 look for upside of 1.135-1.40; on the converse, if the pair still consolidates sidewards look for fluctuation between 1.12 and 1.13 for the forthcoming week.
Please see annotated chart for details
after the recent big upmove for EURAUD i expected a correction to come in to at least retest the white box. so i looked for short signals. i just went short based on the breakout from the dashed consolidation. i waited a bit to get a better price and now hope for downside. risk reward is pretty nice, so doesnt need to work all that often. if we come down into...
BREAKOUTS & RUN As we look over market history in the U.S. and other equity markets, we see long standing fits and starts. Ranges in these starts are extremely bullish, seeing breakouts of more than 2000% over 25 year periods. After breakouts markets always and eventually consolidate before they turn there next break. Post 1930's Great Depression...
Bat pattern coming into strong trendline support. We also have a nice trendline inside the CD leg to work with as a confirmation for this bat. Look for a break above the trendlien (on a lower timeframe) as first confirmation. a small consolidation/correction and a breakout above this (like shown on the chart) should then be final confirmation to go long
Gold is in a flag pattern as seen on chart. Buy at breakout and then we will look to sell after it reaches the 1270-1280 zone.1280zone.