Nice consolidation setup here on AudJpy. You got nice structure to the left, you have a ab=cd pattern with ratio confluence. And finally i got my entry signal at 14:00 (the candle marked by the blue arrow) with the double top on bearish divergence. There is also a gartley pattern in this mess, but since i missed the entry with a limit order, i had to build a...
Major EURUSD consolidation pattern appearing. Be on the lookout for a breakout trade early to mid next week, possibly after the U.S FOMC Meeting minutes release on Wed October 12th @ 2:00PM EST.
Price consolidating in the triangle waiting for a a down move break..
EU is in a consolidation since August 18 2016 (1.36) having lowest higs and highest lows (lol), that low trend must be broken to reach the expected 1.15, however not soon as there are several bad news in the area
The pair is currently in a consolidation box just below pivot point and exactly at 50% of the box. We got strong longer term down trend, double high and nice outside bar. I entered the short on outside bar low break and set initial SL just above outside bar high. If you've seen my older trades you will know, that my SLs are dynamic and I adjust them every day -...
The price action breaks out from the rectangular consolidation indicates weakness. Sh
Consolidation after a 2 days uptrend. Descending Triangle is forming I think the price is most likely going to resume its uptrend. But to be safe I'll also place a sell stop if the trend reverse. Long Entry : - buy stop just above the last swing high at 102.755 Exits : - S/L below previous swing low at 102.624 - T/P at previous major swing high at...
On hourly chart, the price action breaks out from a consolidation that shall move prices to next resistance level of 865 levels. Target 865 Stoploss: 830
$MGT just broke out of consolidation, watching for a r/g move tomorrow for continued push higher, risk on the on the breakout
Hello traders, This is my symmetrical approach on eurusd, I've seen the notion of symmetry as a reoccurring theme in the markets. Don't place trades if price stays in consolidation zone. Trade safe, trade well.
If I see a bearish candle without chasing the price i go short after the consolidation. Price is near the trendline, but actually it doesn't makes much sense to me, because there were a bullish impulse on 1st of September. GBP can break the trendline and go a little bit higher, but I don't think if it happens will be strong.
$DUST is the Gold Miners short ETF, looks like it could still have a breakout with a small gap fill, look for an intra breakout tomorrow.
As price continue to consolidate, we are seeing more potential patterns forming - bearish Bat @ 100.81; bullish Gartley @ 99.66
Consolidation structure with high probability of breaking out to the upside
The market has made a consolidation and it is highly possible that price continue going down.
Any views? I'm new to this. Please leave in your comments
We may've reached a vital bullish orderblock which is in the way. The monthly shows potential signs of a continuation in downtrend.
Gold has been outperforming since October last year and has produced consistent and solid technical set ups. A short term descending double top has formed followed by confirming bearish candle then consolidation with a exhaustion candles. Descending double top > impulse bearish candle > consolidation with in-trend pin bar. To trade a setup like this, set a...