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Consolidationzone

EURUSD-Weekly Market Analysis-Jan21,Wk2A perfect scenario for this week trading setup on EURUSD will be a retracement back into the consolidation zone(grey box) and giving us a long shadow candle for us to engage for a shorting opportunity. It will be better if the trade stretch towards the harmonic patterns, in this case the bullish crab pattern that was a perfect buy zone as it is on the support level on both the daily and 4-hourly chart and that puts it as as a trend trading opportunity.
Short
by RaynLim
2
EURUSD-Weekly Market Analysis-Jan21,Wk1Last week I've shared with you the sideway consolidation expansion and the details that you need to look out to engage the trade. Trade1 would give your 39pips of profit which is 390USD/lot traded. Trade2 would give you 49pips with just the 1st target which translate to 490USD/lot traded. The entire move to the maximum potential from trade2 gives you 112pips of profit alone, and that's 1,120USD/lot traded. Without trade and sizing management, that would give you a 200pips run in total, which is 2,000USD/lot, that I believe a lot of us would like to have that addition. What had passed has passed, there's no point in looking back, what's important is to leverage on our past experience and lookout for the next potential trade. The consolidation zone(marked black box) is the zone that most traders are looking for a counter-trend trade(buying from a falling situation). However, I'm not that certain it will happen, my personal take is it will break and close below the consolidation zone and have a really strong bullish engulfing candle that closes above the consolidation zone. At this moment, what's more important is to wait for candle confirmation before we can plan for our next move after Brexit.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Dec20,Wk5On 16Dec, we have identified the ABCD pattern during our live session and right now, we have a Bearish Deep Gartley pattern that forms up within the consolidation zone of the ABCD pattern. No doubt, this is a counter-trend setup, it is a stronger setup then the week before as there is more indicator line up to support the pullback trade. The aggressive trader can wait for the pullback of 1.3580 to short the market, the conservative trader can wait to engage the market at 1.3608. For me, it depends on the candle formation at that level.
Short
by RaynLim
BTC Going To Test ATH’s Again?BTC has been sitting in this consolidation range for the past few hours. The current price is directly in the middle of this zone with a short term bullish trend forming. I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again. This is a bullish scenario, and the market could move in the opposite direction. If this is the case in the next 1-2 hours, I would like to seen it drop to the lower support zone at the bottom of the consolidation range, and then monitor price action on the 1H/4H charts to react accordingly! Good luck :) - Chigz
BITSTAMP:BTCUSDLong
by ChigzTrades
1
SILVER touches 382 Fib RetracementFrom the lowest candle close from March to the highest candle close in August, SILVER has just touched the .382 Fib Retracement level. (Yes I know I do it backwards) The previous Fib extensions from the highest wick before the crash to the lowest wick after the crash seem to have held a support and resistance throughout the impulse up, so far. Will be interesting to see if SILVER breaks the .382 heading south to the .5 Still macro bullish, but this pullback feels long and sustained. Q4 will be a very interesting end to a historic year in the markets. Take a selfie and tell your grandkids :)
TVC:SILVER
by NoCreditsLeft
EURCHF Upwards Consolidation Range - Buy SignalFor those that have been following me, this has been one of my favorite consolidation trades. Since the end of July this has been consolidation and I have been buying up to top of channel. We are currently at a prime stop once again at the bottom of the channel. Entry @ current price of 1.0762 TP @ 1.0820 area Good luck trading! Let me know how I can help or if you have any questions. Charles V www.cvfxmanagement.com @cvfxwealth Trading made Simple
Long
by cvfxwealth
Unlock the BTC potential ... When Moon ???? This analysis is purely theoretical and based upon past performance. As you all know this is no indicator for the future but I'm giving it a try anyway. The "Consolidation Periods" in this analysis are the periods after price reached its (temporary) peak and pulled back to form a higher low. We can see that these higher lows are always higher than the peak price of the previous highs. Additionally, we can see that these periods get longer over time. The first period was 5 3-month candles (about 1 yr and 3 months), the second one was significantly longer with 10 of those candles or almost 3 years. Would it be crazy to think that the consolidation period we are currently in would take about 15 candles ? This would mean that price will exceed the previous high close of around $14k by the end of 2021. Given the current macro-economic situation, keeping in mind the COVID pandemic and the effect it has on the economy, this is certainly not unthinkable. Question remains what price will do before that period. Will we revisit the lows around $3k again before the end of the consolidation ? In the previous consolidation periods we had a single bottom, and support around $6K should be very strong, but I would not exclude the (small) possibility that it does. Patience definitely will be key, but in my humble opinion, this is a good time to invest. As always though, only time will tell. What do you think ? What is your view on the situation ? Leave your thoughts in the comments below and if you like this analysis, thanks for giving it a thumbs up. Thanks for your visit ! #staysafe PS : Have a look at these ideas linked below as well ... for now they are still working out they way it was expected. :)
BNC:BLX
by Nico.Muselle
15