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Consolidationzone

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
NZDCAD Intraday BuyNZDCAD is still trading within the range of 0.87200 and 0.87820 and right now we've seen it reject prices lower then the 0.87200 support zone. The market simply created pinbars confirming that the price is rejecting. A buy trade would give us a Risk-reward of 1:2.5 and greater depending on the entry level. 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. 
Long
by Mancoba_Thabethe
How to approach a pair during its consolidation period!-When there is a consolidation happening on a pair, this would be an excellent opportunity to look for a breakout and a reversal of the support/resistance of the consolidation box. -For these types of setups we need be patient and see how price will move to either the upside or downside. -Once we see a breakout of the consolidation box then it is essential to wait for a retest and enter when we see a strong candle stick confirmation depending on which way price breakout the box. -Make sure to do loads of backtesting and forward testing this strategy to become more confident in the strategy. -Make sure to journal all the trades to see how well you perform and look back to see what you can improve on. If you need any more advice, support or mentoring then give me a message to see how best I can help you. Please make sure to follow, leave a like and a comment on your opinion/ideas on how to approach these types of strategy. In the near future, I will be hoping to post more educational posts to help my followers or anyone who wants to learn and get a better understanding on how to approach markets.
Education
by LDForex_
1
USDJPY-Weekly Market Analysis-Jun20,Wk1I had sent this Bullish Gartley Pattern setup to our community and we are certain that every single of them are smiling from ear to ear. The link at the bottom was the analysis I've sent out. While many harmonic patterns trader had exited this trade, we are still in this trade. A stall at the resistance area(red line) is not a surprise for me, I'm waiting for a trading opportunity, something like a double bottom within the consolidation area to engage an additional position to long this trade setup.
Long
by RaynLim
4
Trade Ideas Educator: USDCAD BatThere're a couple of trade-ideas within this chart. 1. If the market retraces back to the resistance(red) line, it will provide a shorting opportunity on an aggressive setup, with the best Reward: Risk within this trade. 2. If the market finds support at 1.3934 in addition a magic candle appears, I may engaged a countertrend trade as an ABCD Pattern setup. 3. A trading opportunity can also develop within the consolidation area as a bat pattern setup. Personally I prefer setup(1) and (3) let see what does the market give us.
by RaynLim
USDJPY - Waiting for Market DecisionHi Traders! The market is now in a consolidation--zone after a shortterm longtrend. During its upmovements it respected the trendline. But the more often the market tests a trendline, it becomes weaker and NOT stronger! Its the same for support and resistance. Now the market is in the consolidation area on the trendline. If the market breaks out higher this idea would be invalid. But if the market breaks down lower, we have two main TP-Levels: The 106.800 and at 105.200. We recommend to sell the breakout with a wide SL and a risk-to-reward of 1 to 2. Thanks and good luck :)!
Short
by swissmoneymakers
2