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Consolidation-breakout

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 AI_Expert_Advisor
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
GBPUSD possible Bear Trap 🐻🚫As price has finally breaks down Support&Resistance stated on chart above, I'm watching if this idea will be valid or not for this week. Trading traps might be one of dangerous action to execute, as if its fail to be a bear trap, price might just go down as well and worst case scenario, price breaks lower to 1.14772. If bear traps was a success, we might see price breaks through resistance. So long(buy) trade can be place. As safe trade, better to trade with it's trend. have a safe trade. glhf!
by WinLoseTrade
S&P 500 is in an EXTREMELY CRITICAL STAGE!SPX has been consolidating between the 61.8% resistance level and the 50% support level. Many orders concentrate on these key Fibonacci Retracement levels pushing the price in the desired direction. In consequence, the price has been consolidating between the levels and the next breakout could be huge, determining the next direction of the overall trend. As I have stated in my two previous posts, I have a strong belief that the downward trend will continue after this consolidation and that we could see new bottoms soon. If you want to know why I believe so, take a look at my previous posts. In case you are interested in shorting the SPX, I have drawn a relatively safe entry point (1) to the graph. In case you short, I see it suitable to apply a stop-loss level (2), in case the upwards consolidation would still continue.
SP:SPXShort
by krisu619
3