Consolidation-breakout
DIURNAL setting up for a strong move higherLSE:DNL DIURNAL is consolidating with contracting volatility towards the top of the range. A break above the top of the range on strong volume should confirm the next leg higher with targets at 77p and then 104p.
Will it succeed this time?One of the longest ranges at the moment is at EURCHF. We have already had the opportunity to look for returns from both levels several times.
With each subsequent movement, however, the probability of a breakthrough increases! Now it seems much more likely to see a break up after the price has already come out once, but has returned sharply. We also have a higher bottom, which is the first sign of upward movement. To be confirmed, however, we must see a breakthrough in the range and the previous peak!
You can look for riskier entrances with a good ratio at the moment or wait for confirmation of a situation after a breakthrough.
In any case, this is one of the interesting opportunities that we will look for.
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IPHI : COIL4-WK CONSOLIDATION BREAKING OUT OF PATTERN RESISTANCE. 38% PRICE RETRACEMENT ON PROFIT TAKING. OBSERVE VOLUME ACCELERATION FOR TRADE ENTRY CONFIRMATION.
GJ Is In A Stalemate!!GJ has been consolidating every since the market has been open. I'm predicting a Consolidation Breakout towards 142.00 if breakout, retest, then close occur above consolidation zone. I've marked my entry at 141.785. If price fails to break out of the Resistance Zone, I predict a retracement back to the 61% Fibonacci. Which would be the start of a bigger Pullback.
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Comment your Trade Ideas on GBP/JPY Below..
Price Finally BreaksWe discussed this market in the weekly trade ideas last week and how price was strangled within a tight range and box pattern.
Price has finally broken out of this consolidation and exploded higher.
The breakout traders who made this trade would not be sitting on handy profits whilst others could be looking for a second chance entry.
If price rotates lower back into the old resistance it could look to act as a new price flip support level for long trades.
Strong Push Higher Through ResistancePrice has finally snapped higher out of the consolidation box pattern it had been stuck in over the three weeks.
The last time price tried to breakout it quickly reversed and created a false break.
The old breakout resistance level looks key. For the breakout to remain a breakout and not a fakeout the old resistance will need to hold as a new support.
This could also be a solid level to watch for any bullish price action clues to get long.
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OmiseGo BitcoinBINANCE:OMGBTC
Starting to pop out of tight side ways consolidation, watching and looking to turn up and test previous highs - needs to get past 0.0005000 first
DOW JONES consolidate for a break 🦐After the last leg up DOW has been consolidating ina range between 2 structure.
At the break and close above the upper structure we can set a nice long order according with Plancton's Strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
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Go long now in the trading range or go long in the demand zone if the consolidation break-down happens.