Get started

Consolidation-breakout

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. Support us with likes and comments!
by ForexTrendline
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. Thanks for your like and support.
Long
by TaherJalili
XAUUSD Technical Analysis, Scenario 1 and Scenario 2DISCLAIMER : Take at your own risk . Past results does not reflect future results. Please use PROPER MONEY MANAGEMENT. IF IN DOUBT, GET OUT. OANDA:XAUUSD Analysis: Daily TF: Daily Trend is an UPTREND and is above 50 MA. Previous Day Candle is Spinning Top, Market is in tug of war, no clear indication of where it will go. Daily Fib indicates that it hit and area where BULLS would potentially push the market up. Price Action hit "Daily Support 1" which was tested Aug/23/2011 and Sep/06/2011 where in both occasions the BEARS pushed the market down. There was previous consolidation from Jul/08/2020 to Jul/17/2020 in the range of 1787.60 to 1814.80 in which the BULLS pushed the market up after Jul/17/2020. This area is now a Price Reversal Zone which means that if BEARS take the price to this levels, potentially BULLS will resist and push the market up. 4H TF: 4H Trend is starting to look like a DOWNTREND and is below 50 MA. 4H Fib is showing that it hit an area where Bears would potentially push the market down further. However, there is potential Divergence in this 4H TF as the slow line (MACD LINE) is curving and histogram is showing a slowed momentum from BEARS. 1H TF: 1H Trend is a DOWNTREND, is below 50 MA and approaching the 50 MA curve. 1H TF has a Bullish Pennant Flag with a Flat Top. This indicates that BULLS are pushing the market up to a certain extent before the BEARS take over with lower volume. Breakout Strategy: Scenario 1: BULLS push market up, Buy Stop: Entry: 1950.50, SL: 1929.20, TP3: 12035.90, TP2: 1979.90, TP1: 1959.00 Scenario 2: BEARS push market down, Sell Stop: Entry: 1906.00, SL: 1934.50, TP3: 1807.00, TP2: 1845.70, TP1: 1884.00 These values are from my own analysis. You can move SL around to what you are comfortable with. Use proper Money Management. Beginners to note XAUUSD is per tick not per pip, so 1 tick is 0.01 for lot size 0.01. If you don't have proper management, don't take this trade. IF YOU IN DOUBT, GET OUT.
OANDA:XAUUSD
by TrueChampionMindset
1
SPX500 REVERSAL???Potential double top could be forming on the daily hinting at a new downtrend coming soon. NFP last week pushed us up but the bear quickly brought SPX back down to reality and now we are looking at a further push to the downside should price break the necessary trendlines. I am seeing heavy consolidation at this resistance level when scaled down to 1 and 4hr time frames. A pinbar has also formed on the 1HR so I would be looking to take up short positions on SPX in the coming days once price breaks out of the consolidation box. Comments welcome! Happy Trading!!
FX:SPX500Short
by blessedasalei