TGD came up in my Deep Value screeners as one of the highest ranked companies in the screener, so I took a look to see what they were about. Timmins Gold Corp is obviously a gold mining company, so right away I knew their success or demise was closely tied to whatever the price of gold did. Before going into the fundamentals, let's take a look at the charts....
the pair has retraced back up to resistance, looking for confirmations for shorts
flag has appeared whilst in consolidation, could break either way, one to keep an eye on.
looking for the pair to break, keeping an eye on this
Retest happened. Target either old support.
Good morning traders. Here is the update on the daily key levels for GBPUSD. This pair is currently in consolidation mode and for that reason we can be looking for both buying and selling opportunities until a break to the upside or downside is confirmed. However we will want to favor buying opportunities due to the fact that the overall trend is to the upside...
Possible short term trades + if price should break out to the upside again, will look for a retest of triangle( link below).
Hi guys, We are now in consolidation period (daily and weakly chart). Overall it is will going to fall.
Consolidated for a bit, but appears to continue the up-trend (in D chart) after this breakout.
USDJPY is now in a moment of consolidation, but still with pressure to the upside. A sustained break above r1 is required to resume the uptrend. Remain mindful of dip buying down at support levels below given the upside momentum on this pair. Enjoy!
At this time EURUSD is neutral. Until we get a break and hold above r1 we cannot be sure of further upside. Similarly we cannot be so sure of any massive sell-off with the possibility of dip buyers coming in down in some of the support areas below. Enjoy.
Consolidation/ Megaphone Breakout.
Bitcoin has a tendency to consolidate before breaking out and we are consolidating currently.
2017-05-03: Price action has entered consolidation after a bullish period of 531 pips. The price action remains Bullish above the SMA50 and Inner trend line. Waiting for a breakout from the Triangle Pattern to indicate trend reversal or continuation. D1 levels of historic resistance are sitting right above, and have been tested by, the recent price moves. No...
2017-05-03: Trend is bullish, no break below/close below previous structure low. Current structure High is lower then previous structure High - indicating a phase of consolidation. This looks like a Triangle formation or pennant in the making. Long Term trend (D1) remains Bearish, but supports the consolidation we're in right now. Recommend wait and watch.
Decided to go long for consolidation, very short term.