Timeframe : Weekly and 4-Hourly Charts Predicted Move : Potential Upside Breakout Analysis : On the weekly chart, GBPUSD is currently in a sideways consolidation phase. Although the pair is near the top of this range, there seems to be a tendency for the market to break towards the upside. This observation is based on my 18 years of trading experience and...
Timeframe : Weekly and 1-Hourly Charts Predicted Move: Sideways Consolidation with Specific Levels for Trading Opportunities Analysis : On the weekly chart, EURUSD is in a sideways consolidation phase and is currently at the bottom of this range. For precise entry points, I'll be closely monitoring the 1-hourly chart. Key Points: - Sideways Consolidation :...
Here’s a detailed look at the EURUSD across multiple timeframes: Weekly Chart: - The market is in a sideways consolidation phase. - The upper trendline has been respected, indicating a potential downside movement. Daily Chart: - Watch for a retest of the Fib-3 Bat Pattern, which could offer a prime shorting opportunity. 1-Hourly Chart: - I’m eyeing a...
EURUSD is currently showing a sideway consolidation on the weekly chart, but the daily chart is painting a different picture: - Bearish Fib-3 Bat pattern with RSI Divergence I'm eyeing two potential entry points on the 1-hourly chart: 1. Resistance retest at 1.0852 2. Type 2 retest of the Bearish Bat Pattern at 1.0879 What's your take on this setup? Share...
On the Weekly Chart, this looks like a regular day strolling down the road of simple support and resistance trading. This is when new traders got it all wrong! On the Weekly Chart, sideway consolidation occurred. When sideway consolidation happens, market expansion, known as a volatility increase phase, will definitely follow. From what we had, at this moment,...
Here is a classic set it and forget it trade for any sideways market. Just remember to take a small risk and only trade this strategy in a sideways market. I have this entire strategy written out with step by step instructions. Click the link in my profile and I will send it to you. Enjoy! Chris Juliano TrendCloud Trading
Whenever you see Gold in a sideways pattern its always best to use this winning strategy. TrendCloud can be use specifically as a tool to trade any sideways pattern. If you want the full details and free mini course on how to trade gold then click the link in my profile for immediate access. Use this strategy this month and let me know how it worked for you.
EURUSD maintains a Weaker Bull Trading setup on the Weekly Chart. This week, I'm flexible and ready to engage any compelling trading setup. Eyeing the 1-hourly chart, I'm particularly interested in a sideway consolidation trade, anticipating the completion of a Bullish Gartley Pattern. What's your take on EURUSD? Any specific strategies in mind? Share your thoughts!
Often not, traders love to say that the market goes Up or Down. That's the movement of the market but what will definitely happen on market is that it will go through the expansion and contraction phases and when the market goes into contraction, the expansion will be next. As a trader, I will be waiting for a break and close BEYOND the trendline, but as a...
If you have been reading my analysis, you would know that I have my eyes on NZDJPY and waiting to long it to the completion of the Head and Shoulders formation that completes at 86.23. Previously, I was waiting for the completion of the Bullish Bat Pattern, which I knew chances were slim(links within the TradingView post). Now, another opportunity presents...
Do you agree that the simplest analysis is often the toughest to spot? I'm looking for shorting opportunity on the red dotted line and buying opportunity on the blue dotted line. This is 1 of the classic chart pattern and 1 of my favourite that I've been trading for the past 17years.
USDJPY, a sideway consolidation best present itself as a trading opportunity, in order for the break to happen on the upside, the candlestick has to break and close above 127.25. Towards the downside is much easier, provided there isn't any candlestick wick danging like what we saw on the current chart. Sideway consolidation is my favourite breakout setup.
USDCAD is in a sideway movement. Harmonic Pattern traders could wait for a trading opportunity at 1.2818 on the emerging Bearish Bat Pattern.
Hello traders, USDCAD is still on the bullish trend on daily chart. On 6h chart, looking for sideways before new leg to bull again to break fibo 1.27 1.27000. For last idea, USDCAD did not go that low to make a double bottom. Buyers are likely to push price up again this week. RISK LOWER THAN YOUR TOLERANCE: Suggested Risk <5% Your Real Entry Position Will...
Hello traders, GOLD is facing two ways to reach 1900-1911 zone on daily chart. It would go sideways inside the red rectangle to consolidate before new leg up to test new high. Or it would continue to rise in a rough way insidw a flat red channel till it hit the 1900-1911 zone. Both ways would need you to setup in a lower timeframe chart . The correction...
Btc needs to cool down and have a rest for a period of time. New Ath is possible after some up and down movements similar to the one on September Crash. Let’s see what happens.
The Deep Bullish Gartley Pattern on the 4-hourly chart happens to complete at the same level as the Deep Gartley Pattern on the daily chart. If you had missed the 1st trading opportunity, this might be a second chance to engage in the trade on this counter-trend setup. For trend traders, there is a red slanted line, and that is known as the trendline. It was the...
Sideway Consolidation is one of my favourite trading setups and it is easy to execute. You just need to wait for the candle break and close above or below the trendline and engage on the next candle. First Target would be the previous high or previous low from the starting point of the trendline. I will use Target Extension to get my Target2 projection.