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Consolidationzone

AUD/USD 4HR Consolidation Breakout Entry (Wait For Retest)We have been in a strong consolidation period for over a few weeks now with AUD/USD. We can see the market has potentially presented its hand on the market direction but do not rush into this trade. I will be looking for a retest of this consolidation area with a clear rejection and a rejection of the EMA's for a confirmed breakout and confirmed entry into a bearish market. Rememeber to always wait for the market to present its hand.
Short
by FXEntries
GBP/CHF - Time to Play the Zone ?This is going to be a zone play, which is outside our typical ichimoku setups. When pairs stop trending it gets a little harder to trade with ichimoku unless you are on a really small time frame, so instead we'll be look to trade the consolidation zone. I am watching for a rise back p to the top of this zone, and a good rejection candle there to take a short. I've drawn out partial take profit levels for us to aim for as we then look to ride it back to the bottom of the zone. Since we are in consolidation this one may take a little longer to develop. If we fail to get a good rejection at the top of the zone or we break out of this larger zone, this setup may become invalidated.
Short
by The808Trader
Gold: The Sleeping Dragon Gold has been relatively quiet, consolidating between 1181-1215 despite the dollar's strength. There could be many explanations for this. Gold is a safe haven metal and the recent sell off in the global markets could have resulted in this consolidation phase we have been seeing in Gold. But all this aside. key levels and action plans should be formulated around 1215 and 1180 levels. Side note: If 1215 breaks out, make sure that the winning dragon don't back up into his cave.
TVC:GOLD
by revelationtrading
GBP/AUD Short Setup- Price retesting the daily support - Potential triple top to be formed if this level rejects price once again - Re entered the consolidation range where price is struggling to beat 1.8185 level - This bearish bias is supported by confluence as this level is also the 61.8 fibonacci level on the H4, which suggests that the retracement could be over - A series of consolidation illustrates uncertainty and price exhaustion around this area and awaiting a bearish swing
Short
by Shivam_93
EOS technical analysis...a look aheadYou look at this chart and you see how it broke below the second triangle and you would think it's going down fast with only one little peak of bottom support that goes way back to Dec 06, 2017. Yes, it should go down to around 50 cents technically with a bitcoin bear market over its head at this point and time, but I don't think it's going to work that way with this particular animal. I won't get into the reasons why, I will leave some due diligence for you to make your own decisions... You can see EOS is stuck in the middle of my channel I drew out, as is BTC 2.78% at this point and time. I think the yellow channel you see with the dotted white line in between will be a consolidation trading zone for a while. Oscillators right now are telling me it wants to go back up to test the top of the channel. That will be a good shorting opp -0.12% . I let the channel form itself, so after the price bounces off the top, I will look for a bounce off the bottom. It's at that point I feel I've got some range to trade in. In between the yellow channel you will see two blue lines. When I draw out my channels I do this precisely, considering all past history, even the wicks. This gives me a second level of extremity to gauge with for the inside swings to the tops and bottoms of the channel. If needed, later down the line, I will make a slight adjustment to the channel for better fit... I generally stay away from placing a trade in the middle of the channel (the dotted white line) I like to short the tops and long the bottoms for nice swing trades. Now, whether or not I place a long at the bottom of the channel for the swing back up - in this current bear market - will depend on what Bitcoin is doing at that time, as well as many other circumstances of course. Those circumstances I can't explain, would have to write a book for that. Basically, if BTC is consolidating in a nice set range, EOS will do the same
BITFINEX:EOSUSD
by Kick_Back_Time
BTC 9k-10k straggle So once again,we're back below the 200 day, and how they just disregarded the $9,000 support like it was nothing. For the bulls currently, the last couple of days(5/12th and 13th) the downside pressure looked uncomfortably to stay below May 11ths red day. Short -mid term, I think we're all eyeballing 10k again, but like I've said in chat I won't put my serious gear on until we get a firm hold above $10,200s. I'll put the serious gloves on after $12,000s. And should be paying more heed to the cryptos after 16k and above(when ever) But in the meantime,alt coins will give plenty of opportunities in between time. As of May 14th,I'll be watching out for more 8300,8500s consolidation mid term before more bullish action. Don't let fomo put you in grave circumstances.
COINBASE:BTCUSD
by Pippylongstockings
Bullish idea on OMGIt has behave so well these days, now it faces resistance above the 15$ area, where it needs to breakout descending line of the triangle to reach levels at 18$ again and continue the uptrend to new highs!. This range will get us all the way up to 35$. So for now that would be my target for mid term. On the other hand, if it can´t cross above the triangle, it should retest the bottom at 8.5$-10$ and from that point I expect a strong Bounce. RSI shows almost overbought levels at 65, it seems a little difficult to have a big bullish rally starting from this point. As for now, we can say we have a consolidated market in OMG, now there's only one way to go, so we can continue the Uptrend for the year. I'll keep this idea updated.
BITFINEX:OMGUSDLong
by G0ldenross
1
TRX/BTC - Consolidation and/or Breakout (20-80%)Hi all TRX/BTC looks to have established itself in a new consolidation trend after a sustained downward bearish movement. Bulls have definitely re-entered the market and halted the price decline, and we're also sitting at a strong level of support that has been tested multiple times over the last 2 months. My personal recommendations: Enter at the 0.00000435 level. Stop loss at or below 0.00000405 (6-7%) Look to take initial profits at 0.00000535 level (23%). This could either be in full, or 50% profits. Then look to see what happens from there. Price will either hit the consolidation resistance area and move back towards the support zone, or it will try and breakout upwards. Re-enter the trade if a breakout is confirmed. Hope that helps! Cheers and good luck, RJR
Long
by DreamsDefined
4
ETHUSD: Downtrend Triangle (Market Consolid) Before Uptrend 500?BITTREX:ETHUSD is most definitely trending downward. The bearish signal, given by the descending triangle, suggests just that. This should be regarded as a market consolidation given the recent hype around the historic 10k mark achieved by COINBASE:BTCUSD that drove the entire crypto world nuts, including ETH. But this was expected. The descending triangle is constructed with a flat support line @ $433.36 (Green Horizontal Line or consolidation line) and a downward-sloping resistance line (See the descending red line). If the price drops under that support line, then the new support line should be placed @ $412.10 (Blue line). it is just a matter of time before BITTREX:ETHUSD hits $500 again, based on my R&D. Entry Point $462.26. Stop Loss $406. Target Profit $500. Smart Trading!
COINBASE:ETHUSD
by watat83
Idea on differential consolidation zonesOn the 4H chart, I reviewed the latest consolidation ranges following the differential spikes of gold. This week the price began to range between 1300 and 1325. Now a double top formation is beginning to form, but first we need to see that 1325 level not exceeded. If confirmed, we can talk about a possible bounce back to 1300 soon once again. I consider 1300 level as a strong support/resistance level which will call back the price action to itself again. Eventually we will see 1300 in short-to-medium term, the question is: when is right time to sell for this target? Right now or 10-20$ above from here?
FX_IDC:XAUUSDShort
by CitRoN_RouGe