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Consolidation-breakout

Biocon from 5 July 2020Biocon is again showing sign of coming out of consolidation zone though volume is not increasing much MFI is increasing n possible breakout possible monthly analysis 1. at max 15 % increase possible ---> 400 * 1.15 == 460 ( at max ) (highly unlikely ) 2. at max 15 % decrease possible --> 400 * 0.985 == 340 ( at max ) ( highly unlikely ) safe upside setup is to buy at 401 with SL : below swing low with target of 2R option strategy .. Heart of steel --> Million miles journey 1 .Sell 340 PE + Buy 300 PE ( less margin req )
NSE:BIOCONLong
by Trade_with_yash
2
FKLI TRADING : 80) bearish divergence formation in daily chartthis is trade no 80) frm haidojo trading... bearish divergence is formed in daily chart for fkli-july so it is possible a signal for reversal... fkli is facing resistance for 1620-1640 range... current support level : 1580 lower support level : 1560 thr is no confirmation shift of trend yet...therefore shorting the market seems to be a bit too early...however, eyes wide open for more reversal signals to come... WARNING : juz for educational sharing, not for buying nor selling hints, pliz trade at your own risk
MYX:FKLI1!
by HAIDOJO_trading
FCPO TRADING : 76) sequences of higher-highs and higher-lowsthis is number 76 trades which I have discussed here, in tradingview. in normal condition, IF you see formation of sequences of higher-highs and higher-lows then it is most likely the market is going to break to the upside...watch out for : current resistance : 2434 higher resistance : 2474 (the "head" in a possible "head-and-shoulder" pattern) strong support : 2300 I am a breakout trader, so I am anticipating a breakout to the upside... I am no expert but I definitely luv trading... so gud luck and gud trading! **PS : as a token of encouragement to motivate me further, I am really in need of some "LIKE" and "FOLLOW" **
MYX:FCPO1!Long
by HAIDOJO_trading
ICX/USDT - LONG - POTENTIAL 21%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: ICX/USDT T/F: 1HR LENGTH: MEDIUM ENTRY: 3819 TP1: 3963 TP2: 4069 TP3: 4537 TP4: 4644 SL: 3626 NOTES: - Consolidation period - Pullback sitting on support - Minimal upwards resistance - If support holds then it should continue uptrend - Uptrend - S/R Potential Flip ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Long
by Kryptochristian
Bearish week ahead for USDJPY?After ending its week with consolidation after consolidation, we might see the pair make a breakout to the down side after failing to break through the 107.100 resistance zone. Our next major support is at 106.00 Thanks for viewing. Comment with your thoughts I'd like to hear them. Disclaimer  the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. 
Short
by Mancoba_Thabethe
GOLD PredictionOver the past days the price of gold has been consolidating in a triangle pattern. As well as between 1738.22 resistance zone and 1673.70 support zone. We are like to seen a break of the upper resistance and the triangle pattern, and gold is like to restest the 1738 zone before making all time highs until $1800.00. Let's see how it plays out. Thanks for viewing. Comment with your thoughts I'd like to hear them. Disclaimer  the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. 
FOREXCOM:XAUUSDLong
by Mancoba_Thabethe
EURUSD - Bearish or Bullish Breakout?Hi Traders! The market is - after a strong Upmovement - in a consolidation. As you can see the rally started at 1.07800. It climbed up fastly and finally reached the weekly resistance at 1.14000. After that it started the consolidation. This consolidation is in a pattern of the descending Triangle. Now there are two possibilities the market can do: Bearish Breakout The market breaks out of the Support at 1.12200. The target is the next Support. The SL is over the triangle and the RTR is 1 to 2 . This possibility is shown in the chart. Bullish Breakout The market breaks out of the Trendline. This could result a "Bullish Flag Pattern". The SL would be under the Support at 1.12200. This idea is not shown in the chart. We recommend to trade the breakout when the candle closes! Thanks and successful Trading :)!
by swissmoneymakers
1
AUD/JPY - 200EMA + Support Bounce Confluence Hello Traders!, Hope we've had a good start to the week! On to our mid-week analysis I've come across some AUD strength on 4H & D1 timeframe, so I've been searching for a set-up on the 1H timeframe and see confluence on the AUDJPY pair What Is The Market Telling Us? Market is showing bullish sentiment after 2nd rejection off 74.50 support level 50SMA shows bullish correction phase could be ending as it is sloping downwards (bullish signal) Price has repsected 200EMA as it has aligned with 74.50 support and shown strong rejection to the upside D1 Timeframe shows a clear break & retest of this 74.50 support, indicating further bullish momentum When Should We Enter? I'm anticipating some consolidation as the AUD is weak on smaller timeframes such as 1H & lower Waiting on a potential double bottom to form or a breakout of my consolidation area before looking for BUYS Look for BUYS once there is a confirmed double bottom or confirmation of a breakout of the consoldiation area
Long
by forexwithfred
ETC/USD breaking symmetrical triangle resistanceHello fellow traders, Context After being caught within a symmetrical triangle - visible on the 4H chart above - who's resistance has constrained ETC/USD's price action since ~May 30th, ETC appears to be primed for a breakout. Additionally, ETC is breaking out from a smaller time frame resistance label visible on 1H chart below (labeled STF resistance). Indicator Analysis The MACD on the 4H chart has been trending down ever since the start of the symmetrical triangle, and is forming a rounded bottom, now starting to trend up from below 0. The RSI appears to have bottomed out and recently broke above 50, on the verge of forming a higher high. Both these indicators signal room for growth. On the 1H chart, the MACD recently broke above 0 and is trending upwards after forming a lower low. The RSI has formed a higher high and a lower low, and is just above 60. Both these indicate room for growth as well. Why this projected rise height? This rise would match the height of the triangle, and would bring ETC/USD to a level where there likely exists horizontal resistance. This horizontal resistance would come from a previous support now likely to have turned resistance. Notice how this level acted as a pivot point prior to Black Thursday's crash in the chart below. ETC/BTC Action The ETC/BTC pair also appears to be breaking out of a triangle structure visible on the 4H chart below. The RSI here is clearly breakout of a descending wedge structure, strengthening the bullish case. The MACD also is beginning to trend upwards with room for growth. This pair's price action supports the bullish factors found on the ETC/USD pair. Let me know what you guys think; I'd love to hear your ideas! If you enjoyed my analysis, please follow me and drop a like; I'm trying to give as many insights as possible nowadays and would like to build a follower base to share and discuss my ideas with :)
COINBASE:ETCUSDLong
by usubzero