EURGBP took out the most recent low it looks like that its heading down to retest the double bottom. after the market is done with that we will have to see if the market can give us a buy signal to take it back up to resistance and then if the market can break that resistance, lets take it step by step, for now im waiting for a pullback to short it to support if...
Hi Traders! The market is now in a consolidation--zone after a shortterm longtrend. During its upmovements it respected the trendline. But the more often the market tests a trendline, it becomes weaker and NOT stronger! Its the same for support and resistance. Now the market is in the consolidation area on the trendline. If the market breaks out higher this idea...
Level to level Trade that can be done as time progresses. TRADING IN THE CONSOLIDATION ZONE!
No predictions - only probabilities. Some say Gold is gonna crash. Some say Gold is going to the moon. I'm afraid to say anything!
EURCAD - Short Entering short because of the consolidation. i have entered short now for reasons such as >it doesn't seem to be able to make HH's >Daily TF we are down trending Will be entering again once there is a breakout candle to the downside. Any questions feel free to ask Ben #PipGainFX
Hello fellas, welcome back to the Sunday bitcoin analysis! Here you can see my previous analysis which said that bitcoin is in the consolidation zone which make today's movement looks very important and crucial for me. You can see that the descending triangle in current consolidation phase is playing an important role and can gives us a lot of clue. For now, ...
HOT/USTD seems to have entered a state of consolidation/accumulation, yet it needs to break this consolidation barrier to achieve high levels. For now, HOT is between the daily support of 0.000745 and the daily resistance at 0.0009. Which side do you believe HOT will follow?
Seems many see short-term Bitcoin price above $13000 or below $9000!?! We strongly believe that is not true! We are going into the consolidation zone. Probably price will be moving between the drawn lines before going anywhere where the majority expects it. Time will show who is right and who is wrong. Our arguments will come in the comments below this post. Many...
Price is at a potential short zone. this could be another potential rejection and push to the downside
Since May 2019, we have seen strong selling of GBP against the USD towards its lower range of its consolidation. But over the past few days, we have seen the diminishing selling pressure and seen that buying pressure is building up. Thus, target price can be drawn to 1.33 where we might see profit taking might take place again.
We have been in a strong consolidation period for over a few weeks now with AUD/USD. We can see the market has potentially presented its hand on the market direction but do not rush into this trade. I will be looking for a retest of this consolidation area with a clear rejection and a rejection of the EMA's for a confirmed breakout and confirmed entry into a...
Rejections off major resistance, then consolidation box and then retest of trend line.
This is going to be a zone play, which is outside our typical ichimoku setups. When pairs stop trending it gets a little harder to trade with ichimoku unless you are on a really small time frame, so instead we'll be look to trade the consolidation zone. I am watching for a rise back p to the top of this zone, and a good rejection candle there to take a short. I've...
Traded this purely based on Support&Resistance also with great reward over risk. Exact Entry, Stops and Targets shared with my inner-circle and trade has already been engaged.
- Bullish divergence on H4 using stochastics - Breakout of the consolidation zone and mini channel on the H1 - Supported by monthly key level if price decides to retest the consolidation zone once again - 90 pips target with 45 pips stop loss
- Bearish divergence on the H4 using stochastics - Price seems to be rejecting the major daily resistance level of 114.33 and started to consolidate on the H1 before breaking out this zone to the downside - Could see price heading towards 113.00 as it fulfils the fibonacci 38.2 level on the D1 as a well due retracement after consecutive bullish moves
Gold has been relatively quiet, consolidating between 1181-1215 despite the dollar's strength. There could be many explanations for this. Gold is a safe haven metal and the recent sell off in the global markets could have resulted in this consolidation phase we have been seeing in Gold. But all this aside. key levels and action plans should be formulated around...