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...
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.
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 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.
POSH recently started trading through an IPO and got utterly destroyed. It has now been hovering around its IPO price of $42 and it looks like the side trading will continue until maybe the next quarterly report.
This is going to be a good range trade to profit off of for the time being between $38 - $48 and may re touch the lows of $33 depending on overall...
good mood and profitable deals!
If you're new in the game,and you are interested in my plan, check out my previous analysis ( link below ) :
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In trading there's a common saying that the market will either goes up or down, that statement isn't true.
What's true is that when a market consolidates, it will definitely break out of the consolidation. You can wait for the break and close beyond the trendline and start planning your trade.
GBPUSD is in a sideways consolidation. This setup allows us to trade within the zone(green box). The setup is safer when we are shorting from the top of the green box, than buying from the bottom of the green box, and the reason for that is the previous bearish trend which coincides with the starting point of Point X on the Bearish Shark.
However, if you are an...
An emerging Bearish Bat Pattern formation completes at 104.00. Although it is a nice Price Action Level, it may violate the sideway consolidation upper-trendline.
That being said, on the 1hour chart, it can have the bearish bat formation and not breaking the integrity of upper trendline as long as the market turns and close below the trendline before the close of...
Well, I've told you there's no need to panic for crab pattern, it usually has a retest of previous low before it took off. The structure of this trading setup is also known as a sideway consolidation, although the highs(resistance) and lows(support) are not too far apart(which will affect our income potential), it is still good for meal money.
Well, in the short...
Trade Review on EURUSD Sideway Consolidation. A real trader shows you his analysis and what he sees on the market movement before it happens. Insta-Trader shows you how much he earns but never have shown losses, even the earning is true, it doesn't help you to benefit from it.
This trade idea was shared to you on Xmas, if you have been following us, there's no...
On the 4-hourly and daily chart, EURUSD displays a bullish trend, but on the 1-hourly chart, it has a sideways consolidation.
Having my trading bias towards the upside, I would prefer that the market break and close above, and I can resume my bullish trade, but the truth about trading is that the market doesn't care what's your preference and it moves the way it...
In the market, one thing for sure when there is a consolidation there will be an expansion. Right now we have a sideway consolidation on USDJPY, I'm waiting for the breakout of the trendline to assume the trade in its direction.
What's amazing that the technical chart shows an alignment of what's happening in the US election. It seems like we will have a...
at bottom of sideways;
Target1 97; reward:risk=3:1
Target2 130; reward:risk=7:1
Earning date 10/28/2020 4 PM
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Sideway consolidation spotted on GBPUSD. One thing for sure, an expansion will follow. What's interesting is that the market pause at the mid-point of the sideway consolidation. Any decision of trade intervention happens when the market touches the bottom trendline.
Short Trade already in a Risk-Free Trade