Range
XAUUSD 15M - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics.
Consolidation, Initiation, Retracement, Continuation (CIRC)
Consolidations
What are “consolidations”?
Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics.
Consolidation, Initiation, Retracement, Continuation (CIRC)
Consolidations
What are “consolidations”?
Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
17/06/24 Weekly outlookLast weeks high: $70,207.85
Last weeks low: $65,079.20
Midpoint: $7,643.52
Bitcoin over the last week is in a clear downtrend, despite midweek volatility caused by the CPI & FOMC news events. The results of those news events overall were positive and we saw the reaction of that with a move from 0.25 level to range high. Yet price rejected yet again from the '21 ATH / range high levels before printing Lower highs and Lower lows making BTC LTF bearish.
Altcoins are being destroyed during this chop, clear downtrends sub 4H 200EMA and a lot are retesting their 1D 200EMA levels for the first time in months. Only a handful of well performing exceptions are surviving but even they are running out of steam e.g. LSE:ONDO , LSE:TON , $JASMY.
I think I could see a sweep of the previous weeks low, before we see any sort of rebound and aim for MIDPOINT. The 4H 200EMA is sat at just below MIDPOINT and so there is huge resistance there, a rejection of that level continues the LTF downtrend.
This week I am continuing to monitor the Bullish Divergences that are appearing on the 4H & 1D and looking for any clear reversal in trend direction. For now I cannot see what catalyst would be responsible for turning this price action bullish, but that is what my focus is on, until then this is a no trade environment in my opinion.
AUDUSD → False breakdown of resistance. Ready to go down?FX:AUDUSD is forming a false break of the range resistance, but the market continues to struggle between traders. The focus is on the risk zone, the breakout of which will send the price flying downwards.
The trend is neutral, after a long-range retest of 0.66676 resistance a false breakdown is formed and the buyer has no potential to go up. A retest of the local maximum is possible, but all the emphasis is on the support at 0.6648. A break of this area will be a confirmation of the buyers' loss, as well as a break of the local uptrend, which will provoke the formation of a strong bearish impulse.
Resistance levels: 0.6668, 0.6715
Support levels: 0.665, 0.6558
Most likely, the buyers' strength will not be enough to pass the mentioned resistance from the first time. At the moment the seller is pushing the market and if the key support area is broken, the market will change its local mood
Regards R. Linda!
CAD_CHF WILL KEEP FALLING|SHORT|
✅CAD_CHF is trading
In a downtrend and the pair
Broke out of the horizontal
Range pattern so we are
Bearish biased and we will
Be expecting a bearish continuation
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
ETHBTC. Should we look for buying opportunities?On the weekly time frame (TF), there has been a sideways movement since May 2021. The seller's vector 11-12 interacted with the lower boundary of the range at 0.049081 several times. After the first interaction in January 2024, the buyer performed well with a single weekly candle (January 8th), forming a buyer's zone (blue rectangle on the chart). A similar situation is happening now, with the weekly candle on May 20th also showing a good spread and volume, creating another buyer's zone (blue rectangle on the chart, with the upper boundary at 0.05206). Since the seller's vector has reached all its targets within the range, the current buyer's vector is 12-13. The potential target is 0.085621 (~50%), and it seems reasonable to look for buying opportunities. However, the question remains whether the buyer's activity will develop further or if the price will update the local minimum again (0.04473).
It is reasonable to look for buying opportunities on the weekly time frame from the buyer's zone (upper edge – 0.05206), with the idea of realizing the buyer's vector 12-13. The first potential targets are 0.06117 and 0.06257, with an ambitious target of 0.085621.
Let's examine the lower time frames to determine where else it is reasonable to look for buying opportunities.
Daily Time Frame
On the daily time frame, there was a seller's trend. The last seller's impulse started from the level 0.05249 and ended at the level 0.04473. Then, there was a buyer's impulse, and now the price is above 0.05249, indicating that the seller's trend has stopped. The key candle of the buyer's impulse (the highest volume in the impulse, marked as "KC" on the chart) is at the end of the impulse.
Buying opportunities can be considered if the buyer defends the levels at 0.05332 (the key candle of the impulse) and 0.05249 (the price of the last seller's impulse started from), with the idea of initiating a long trend and breaking above 0.05744. It would be cool, during the seller's attack on the level 0.05249, the price moves into the buyer's zone on the weekly TF (0.05206 or below), and then the buyer brings the price back above 0.05249 and defends this level.
If the price falls below 0.05249 and the seller defends this level, it is likely that the price will move towards the local minimum (0.04473).
4-Hour Time Frame
The price has formed a sideways movement. The buyer's vector 6-7 has reached its targets. The current seller's vector 7-8 has a potential target of 0.05322 (see the 0.05322 level on the daily TF above). The lower boundary of the range is 0.0525, which coincides with the 0.05249 level on the daily TF.
It makes sense to look for buying opportunities on the 4-hour TF if the buyer defends the levels at 0.05322 or 0.0525, based on the idea of the buyer's vector 8-9 within the range.
Sales can also be considered from the seller's defense of the 0.05622 or 0.05744 levels, based on the idea of the realization of the 7-8 vector within the range.
10/06/24 Weekly outlookLast weeks high: $71,199.84
Last weeks low: $67,611.61
Midpoint: $69,801.22
Chop, chop and some more chop for Bitcoin. A steady a climb for BTC last week from range lows made at the beginning of the week with a high just shy of $72K before freefalling to the 0.25 line which coincides with the '21 ATH level l, and a bounce back up to the midpoint which is currently LTF resistance.
The altcoin market is looking in pretty rough shape in comparison to BTC, many have halved since their highs and are now retesting their 1D 200EMA's for support. In a Bullrun you'd expect these levels to hold and can offer great Long entries, I'd like to see BTC show strength above the '21 ATH because if we see another drop below alts will follow and once below the 1D 200EMA we could be in trouble for a while.
For this week I am looking at potential alt longs at the 1D 200EMA levels but being very aware of Bitcoins price. No trade if BTC is below SWB:69K as that would be yet another failed ATH run, and would look to target lower down in the chop range.
CPI & FOMC JUNE 12th Massive day for BTC, crypto and the broader markets as CPI and FOMC take place in a time where BTC has taken a dive back towards the range MIDPOINT.
Both CPI & FOMC are forecast to be non movers, with 3.4% and 5.5% respectively. Last month CPI was the catalyst for the move from 0.25 to range high, however some of that hard work has been undone in recent days.
I would like to see the same kind of move but this time from the MIDPOINT which often provides a better starting point to a move. What we don't want to see if BTC is to keep bullish HTF momentum is lingering around the midpoint level with a view to target range lows yet again. Buyers need to come in fast before momentum is lost.
With sentiment so low but price constantly knocking at the door of ATH, ETF's being approved leading to institutional investment, mining rewards halved and a US election on the way this year. Big things are about to happen in the world of cryptocurrency and Bitcoin is the one leading the charge as it so often does.
Be greedy when others are fearful springs to mind. There is definitely fear in the market and its participants, The chart once you zoom out does not give me reason to be fearful just yet, this is a Bullrun and dips like these can be turned into wins.
Trading Idea for #JTOUSDTI think here we will get accumulation range. With STB and Spring phases.
Liquidity compression at the bottom side needs to be raided before continue an UP-trend.
Bitcoin can start fall to support level, breaking support lineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price fell to the support line, some time traded near, and later made a strong impulse up to the 66500 level, which coincided with the support area and soon broke this level. After this, the price made little movement down, after which repeated impulse up to the resistance level coinciding with the seller zone. But at once BTC turned around and made a correction to the support area, and also the price started to trades in the range. In range, the price rebounded from the support area and tried to move up, but failed and fell back. After this movement, BTC started to grow, and in a short time rose to a 71500 resistance level, some time traded near and then bounced down. But a not long time ago it turned around and started to grow again. So, at the moment, I think that price can make little movement up to 70k points, after which turns around and starts to decline to the support level. breaking support line inside a range. For this case, I set my target at the 66500 level. Please share this idea with your friends and click Boost 🚀
HelenP. I Euro can turn around and then rebound upHi folks today I'm prepared for you Euro analytics. A not long time ago price started to trades inside consolidation, where it at once declined to almost support level, which coincided with the bottom part of the range and then turned around and started to grow. In a short time EUR reached a resistance level, which coincided with the resistance zone, but at once rebounded and fell until to trend line, after which backed up to the range, making a fake breakout of 1.0800 level. Then price started to grow and in a short time rose to the resistance level, and broke it, thereby exiting from consolidation and continuing to move up. But later price turned around and fell lower than the 1.0880 level, breaking it again and then some time trading near the resistance level. One time, it fell to the trend line, after which rebounded up higher resistance level, but a few moments ago made a strong impulse down, breaking the 1.0880 level and also the trend line. Now, the price tried to break the support level, so, for my mind, EURUSD will make a small movement down and then rebound up, making a fake breakout of a support level. After this, the price can continue to grow, so, for this case, I set my goal at 1.0840 points. If you like my analytics you may support me with your like/comment ❤️
XAUUSD in new rangeAs i thought yesterday it would break the hourly top, but the current downtrend is taking too long for a retest, unless its a retest of some higher timeframe like daily or weekly which i do not know.
So i m waiting for clear signs of reversal in M15/30 to pick up at the pink zone. If reversal is at a higher price, but you see clear pattern and higher high higher low, take the entry at the last lower high of the downtrending momentum from before.
Be careful around 2.30 USD News. Gmt+2
HelenP. I Gold can rebound down from top part of range to $2330Hi folks today I'm prepared for you Gold analytics. Some days ago price started to decline from the trend line and in a short time declined to the resistance level, after which broke this level and continued to fall. Later, Gold fell to the support level, which coincided with the support zone, and started to trades inside consolidation, where it at once started to grow. But soon, the price turned around and made a correction movement to the support zone, after which tried to grow but failed and fell back. Then XAUUSD repeated this movement and later rebounded up from the support zone to the trend line inside consolidation, and soon broke the trend line as well. After this movement, the price reached the top part of the range and started to decline, therefore I expect that GOLD will reach the trend line, then rebound up to the top part of the consolidation, after which starts to decline to the support level, breaking the trend line. That's why my goal is a 2330 support level. If you like my analytics you may support me with your like/comment ❤️
The level defense patternI use the concept of a level being defended by either a buyer or a seller to find potential buying or selling opportunities. This is a specific pattern that can be identified on a chart. Let's consider one variant of this pattern. In this variant, the defense of a level by a buyer looks as follows: a buyer's candle closes above the level. Then, a seller's candle or candles interact with the level, followed by the appearance of a buyer's candle, which needs to be evaluated. If it meets the criteria, entry points can be identified.
Let's look at a concrete example. The pattern developed over 10 hours.
On the chart, blue-shaded areas represent 2-hour buyer's candles, and red-shaded areas represent 2-hour seller's candles. After the buyer pushed the price back above the 6.733 level, they attempted to resume from the 6.7571 level, the volume of the buyer's candle (632K) was less than that of the seller's candle (1.274M).
Then, the seller attacked the 6.733 level with increased volume (709K) but could not push the price below this level. Note where POC of the volume profile for the 2-hour seller's attack candle is: below 6.7571. The high of the attack candle is at 6.8166.
The next buyer's candle had increased volume (792K). Notice where the buyer's movement started in this candle: from the POC of the volume profile of the seller's attack candle.
Now entry points can be identified. In this example, the entry points are visible on the 1-minute time frame. The chart shows two entry points. Note how volumes are distributed at these points and the resulting buyer's zones (blue rectangles on the chart).
The first entry point is the defense of the breakout from the range by the buyer, which was formed in the previous 2-hour candle (RPL on the chart, 6.7784).
The second entry point is the defense of the high of the attacking 2-hour seller's candle by the buyer (6.8166 level).
Gold can rebound down from resistance line to 2280 support levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price reached the resistance line and then made an upward impulse to the 2280 support level, which coincided with the support area and soon broke this level as well. Then price made a retest and started to trades inside the range, where firstly it rose to the resistance level, which coincided with the seller zone, but at once turned around and fell to the support level. After this, Gold rebounded from the support level, which coincided with the resistance line and bottom part of the range and started to grow. In a short time, the price reached the 2410 level, breaking it, thereby exiting from the range also and even rose higher than the seller zone, but soon turned around and fell to the resistance line, making a fake breakout of the 2410 level. Soon, Gold broke the resistance line and at the moment continues to trades near this line. So, I think that XAU can rise to the resistance line and then rebound down to the support level, therefore I set my target at the 2280 level. Please share this idea with your friends and click Boost 🚀
Trading opportunity. What to buy?In the crypto market, the largest assets are currently experiencing similar situations.
On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers was collected, but then returned to the sideways trend. The prices of five assets, excluding BNB, are in zones where it makes sense to consider buying. The most interesting potential is with DOGE and AVAX.
One possible strategy to consider is buying four assets that you like the most.
Euro can fall to bottom part of range and then bounce upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price entered an upward channel, where it soon reached the support level, which coincided with the buyer zone and broke it. After this, EUR a little rose, after which made a correction movement to the support line of the channel and then in a short time rose to the resistance line of the channel. Then the price turned around, a little declined, after which continued to move up inside an upward channel. Later price exited from this channel, and even entered to seller zone, but soon turned around and started to trades in the range, making a fake breakout of 1.0870 resistance level. Inside the range, the price fell almost to the bottom part, after which rose back to the seller zone, but at once turned around and fell again. After which, EUR started to grow and in a short time rose to a resistance level and a not long time ago turned around and started to decline. Now I think the price can decline to almost the bottom part of the range and then rebound up to the seller zone. For this reason, I set my target at 1.0890 points, which is located in the seller zone. Please share this idea with your friends and click Boost 🚀
BNBUSDT. Trading opportunityOn the daily timeframe, the price has formed a sideways movement and reached the mandatory target of the seller's vector 7-8. The next relevant buyer's vector 8-9 has a potential target of $634. The price is currently in the middle of the sideways range on the daily timeframe.
On the hourly timeframe, the price has also formed a sideways movement. The short seller's vector 11-12 broke below the lower boundary of the sideways range at $574 and collected sellers' liquidity. Pay attention to the key volume of the last vector 11-12: the candle with the highest volume in the vector is at the bottom (marked as 'KC' on the chart). Then the buyer absorbed this volume and returned the price to the sideways range, forming a new buyer zone at the boundary of the sideways range (the blue rectangle on the chart, upper boundary at $575.5). The key volume (largest) in the emerging buyer's vector is also at the bottom (the candle on the chart is marked as 'tKC'). This setup increases the probability of realizing the buyer's vector 12-13 with a potential target on the hourly timeframe of $600.
Idea: Look for purchases as the realization of the buyer's vector 12-13 on the hourly timeframe and the buyer's vector 8-9 on the daily timeframe. The target on the hourly timeframe is $600.
The preferred option is to look for purchases from the defense by the buyer of the buyer zone at the lower boundary of the sideways range.
TONUSDT. Trading opportunityOn the daily timeframe, the price formed a sideways movement and hit the mandatory target of the buyer's vector 4-5 (7.2755 was reached). Currently, the price is in a seller's context. The next relevant seller's vector 5-6 has a potential target of 5.18. Yesterday, the seller showed a weak reaction on the daily timeframe (spread, volume, and the tail of the bearish candle), and the tail of this candle tested the volume key candle (on the "rKC" chart) of the buyer's vector 4-5, from which a strong buyer reaction started on the hourly timeframe: 3 buyer candles with good spread from the level of 6.5615.
On the hourly timeframe, the price also formed a sideways movement. The bearish seller's vector 9-10 reached the mandatory target. The next relevant buyer's vector 10-11 has a potential target of 7.2232. A liquidity pool of sellers formed below points 4 and 10 of the sideways movement, at 6.5615.
A weak seller on the daily timeframe may overcome a strong buyer on the hourly timeframe. Sales may be considered:
Option 1: Implementation idea of the seller's vector 5-6 on the daily timeframe: if the price breaks the lower boundary of the sideways movement on the hourly timeframe (6.5615) and defends this breakout. An ambitious potential target is 5.18.
Option 2: Implementation idea of the seller's vector 11-12 on the hourly timeframe. After the implementation of the buyer's vector 10-11 and the defense by the seller of the level 7.2232. The potential target is the opposite boundary of the sideways movement.
Buy entries can also be sought from the implementation idea of the buyer's vector 10-11 on the hourly timeframe.
Option 1: The most interesting option. If the buyer gathers liquidity from the seller below 6.5615, returns the price to the sideways movement on the hourly timeframe, and defends the level 6.5615. Possible targets are 7.2232, 7.45, and 7.675.
Option 2: Upon the defense by the buyer of the level 6.8125, a buying opportunity can be sought. Possible targets are 7.2232, 7.45, and 7.675.
Gold & ETH - Who Follows Whom?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I always keep an eye on Gold to gauge the overall market sentiment.
📚 I found the latest correlation between Gold and ETH interesting !
You know what? I will keep this post short, as the picture is self-explanatory !
The question is... Who follows whom?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
1000SATS1000SATS is trading in range bound with 25% range.
some time ranges are the best things to play just buy the support and sell the resistance.
as this one is 25% range which can deliver fine risk to reward.
currently the price is at resistance level and being rejected due to selling pressure.
will the pair head back to support area ?
what you guys think of this idea ?
