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Consolidation-breakout

Consolidation | GBPAUDRecap from last week... - If you look at Daily , candlesticks have exhaustion area signaling the Market is not ready to reverse down quite yet - Its likely to Consolidate before breaking to continue to upside or break downward - One thing about GBPAUD and GBPNZD , when in consolidation, it likes to fake a break-out so be watchful - Its not advised to trade in consolidation unless you know what your overall analysis is, thus you can take short profits - Will be updating once the market opens Disclaimer: ***This is not a signal, just an Analysis to share my view on the market.If this if helpful to you, please comment***
by A1access
{SWC}--IFCAMSC--Breakout from short term consolidation!Thank you for your continued support :) Strategy: Consolidation Breakout . Bias: Bullish. Prominent volume kicked in today and breakout from the triangle consolidation zone at the price of RM0.445. IFCAMSC share price successfully crossing up 5 & 10 EMAs with the surge of price with significant volume. The next resistance could be faced is RM0.480/0.485 zone, which potentially will be hitting the short term downtrend line too. Once the downtrend line is broken through huge momentum, the next zone should be physiological resistance RM0.500. R: 0.480, 0.500 S: 0.445, 0.425 If you find this idea helpful, don't hesitate to drop us a like and comment! Happy trading!
MYX:IFCAMSCLong
by ShareWorldConsulting
1
Weak Markets Don't Linger At Resistance. Bitcoin Is Not Weak.#Bitcoin continues to hold its higher prices which can be interpreted as BULLISH. All it needs is a catalyst to squeeze to the next major resistance in the 9K area. We continue to hold 1/3 of our original SWING TRADE position which triggered back in December, for its third target in the low 9Ks. The purpose of this evaluation is to share our insight and perspective as it relates to the actionable information derived from the ORDER FLOW of Bitcoin. Evaluating order flow offers practical clues about short term market intent which can be used to gauge general probabilities around specific market scenarios. 1. IF price decisively breaks 8325, and follows through beyond 8500, the low to mid 9Ks are likely to follow relatively quickly (short squeezes like this often unfold in a matter of hours thanks to short margin liquidations and new buyers). 2. As long as price can stay above the 7600 area, the minor consolidation breakout has a greater chance of occurring. A close below this higher low support can take price back to the 7K minor support zone. This is all about "IF" not WHEN. 3. There is a major resistance around the 9500 to 10,200 area. This zone is the HIGHEST risk, lowest probability location to take on new swing trade longs (but a great place to take profits). Usually AFTER the move takes place, people ask, "Is NOW a good time to buy?" which my response is, "Where were you at 7250?". There was a week and a half of noise and even cheaper prices following our long entry back in December. Think in probabilities, NOT LOGIC. 4. 7275 to 5464 still represents the HIGH probability location for bullish reversals. This means IF there is any revisit, (especially to the 6550 area), we will view this as another opportunity for swing trades and inventory accumulation. Price may not revisit this area again any time soon. 5. Although short term bullish momentum is now in play, we do not consider this market free of the corrective consolidation that is has been in since the June peak. Lack of follow through is still is still an equal possibility and our profit expectations will be adjusted in this way UNTIL Bitcoin proves otherwise. In other words, we will trade this like a Wave 2, until Wave 3 is in play (which requires a break of 10,300 AT LEAST). 6. The fact that price is lingering near the 8500 resistance area is a typical sign of strength (weak markets do not linger at resistance levels, they sell off). This minor consolidation break out can also prompt an alternate trade signal to go long upon the confirmation of a momentum continuation pattern like an inside bar. Keep in mind these points represent part of the rationale that our decision making process is based upon. Timing markets over the short term requires knowing what information carries actionable value, and organizing it in a way that allows for a better sense of how ORDER FLOW is LIKELY to BEHAVE next. Order flow refers to price action based information that is either present or forward looking (trend lines, S&R lines, chart patterns, candlesticks, etc.). In isolation, this information carries little to no value and is why so many inexperienced traders dismiss it as "useless" and say things like "outside bars don't work". Context and perspective come from knowing how these individual elements come together to define a range of REALISTIC outcomes. Overall, charts provide a record of human behavior and when part of a group, this behavior offers pockets of predictability, which can lead to opportunities for those who can identify the risk associated with these pockets.
BITSTAMP:BTCUSDLong
by MarcPMarkets
15
3010 -3140 ranging level-hourly chart timeframeAs you can see, the price ranges frm 3010 support level(tested twice) and was rejected 3 times near 3140-3150 level, confirming current resistance right at that level... If price breakout frm 3150, THEN it will further challenge 3190-3200 level...uptrend continues... If price breaks lower than 3010 critical support level, THEN it shall go back to 2930 previous support level...(this is the previous resistance level which now acts as support)... so let's see which direction does it go in this new year 2020... pls kindly leave a comment if you find something interesting... plan your trade and trade your plan, traders....gud luck and gud trading...
MYX:FCPO1!
by HAIDOJO_trading
How to trade in range/consolidation periodA lot of people asked me what to do in the case when the price is stuck in consolidation. You can use Fibonacci retracement and create a range (0, 0.25, 0.5, 0.75, 1) and put it from swing low up to swing high. By that, you will create key points where the price will react on during consolidation time. You can use it on all Timeframes and it does not matter if it is Monthly, Weekly, Daily or minute chart. As you can see here, price very nicely reacts to each of our levels which we have set up once the range has been established. Also, when the price is stuck in consolidation range you do not want to trade it. Avoid it. You will make many mistakes, rather you should focus on a clear bullish/bearish trend.
NYSE:TEducation
by UnknownUnicorn6034472
1
GTRONIC, Consolidating After a Breakout; A Trend Begets a Trend?Bias: Short term consolidation (pennant), with moving averages (MA) in bullish formation. Stop-loss: 2.00 // This region is the breakout point of the previous resistance, as well as whole number psychology effect. 1st target: 2.27 // Previous high as minor resistance. 2nd target: 2.46 // Projected target from fibonacci extension as well as major resistance region. Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it. We also offer coaching lessons, PM for details. Public Telegram Group: t.me Our Facebook Page: www.facebook.com
MYX:GTRONICLong
by ShareWorldConsulting
LONG - PIVX - Trading OpportunityPIVX/BTC consolidating below the daily 99MA, the volume also settled so this double bottom looks like its ready to break upwards. Entry: 0.00002518 Target 1: 0.00003194 Target 2: 0.00003497 Target 3: 0.00004002 SL: 0.00002660 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento
EURJPY AB=CD at point C.AB=CD pattern is being painted by Price. Weekly trend is bearish Daily shows a strong bullish movemen which has retested the consolidation zone. The price has not made it to the larger 61.8 level, finding a position in between. From the one hour time frame there is a clean AB=CD retesting the previous structure. The trendline has been broken. There is also a Star formation (key reversal pattern) I have not seen any divergence. However a reward of 113 pips is possible. Entry below the bearish candle stick would risk 8 pips if stop loss is placed around the structure level, or 40pips if at 61.8 level. (1:2.8 & 1:7) depending if you are conservative or willing to take a tighter entry.
Short
by UnknownUnicorn3974120
LONG - WAN - Trading OpportunityNice rounded bottom on its way up, the volume has really settled, showing that consolidation took place. Entry: 0.00002527 StopLoss: 0.00002443 TP 1: 0.00002692 TP 2: 0.00002951 TP 3: 0.00003265 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento
LONG - EOS - Trading OpportunityThe bottom of the daily cloud consolidation, looking like a breakout is coming after BTC takes a break. Entry: 0.0003654 Target 1: 0.0004022 Target 2: 0.0004482 Target 3: 0.0004997 SL: 0.0003456 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento
Possible Bullish ContinuationWe are currently in a big range according to the weekly. But thanks to the big boost from news week, we could possibly bust out this week -- as long as we stay bullish. Since we had a big impulse move Friday, we should have some pullback before continuing up. With price beginning at consolidation, we should prepare for a big impulse move again this week too. BULL TPS: Beginning at 1.45975 • 1.46321 • 1.46612 • 1.47072 • 1.47476 • 1.47935 BEAR TPS: Beginning at the current position • 1.46321 • 1.45975 • 1.45608 • 1.45251
Long
by NikaJourney
EURJPY - High & Tight Flag Potential Breakout PatternOne of the main trading ideas of my radar for the week ahead comes on the EURJPY. Following an impulsive bullish move to start October, we've seen the market create a sideways consolidation pattern. This is a combination that forms what's called a "High & Tight" flag formation and it's one of the most powerful breakout patterns in the market. For me personally the only thing stopping this from being a grade a setup is the fact that if you look left on a higher timeframe you'll notice that we are currently trading AT previous structure resistance where a VIOLATION of would have been ideal. Nonetheless, this is still a good setup in my opinion. In the YouTube video walking you through this idea (Preparing To Trade Breakouts) I share with you 3 ways to attack a breakout pattern, but for the purposes of me simply writing less let's concentrate on entring at the bottom of the channel. On the last test of the channel lows price created a double bottom pattern which essentially means it tested the level twice and held twice before breaking higher. If price were to retest that level once again we'd have something that I like to call a 2618 setup which would provide another reason to get long at the lows. PROS - The benefit of entering at this level as you can probably see is the quality of risk to reward. Not only can you take a conservative initial target at still maintain a close to 2:1 ratio but if you're playing for the breakout as well (or with a partial position) then the opportunity is that much better given the very low risk. CONS - At this point, we have no confirmation that the breakout will happen so it's slightly more risky in comparison to a trader who takes the approach of waiting for a confirmed breakout. I hope you guys enjoyed this trading idea and as always I'd appreciate it if you hit that "like" button as well as share any opinions or analysis that you may have relating to this pair or setup. Have a GREAT WEEKEND Your Trading Coach - Akil
Long
by Akil_Stokes
9