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Consoldiation

Gold price again is a SIDEWAYS consolidationXAUUSD remains volatile, with a doji candle forming in the previous daily session. Since today is Friday and no major high-impact news is expected, the market may continue to consolidate sideways. The price is currently hovering around the key 2450 level, building liquidity on both sides, and seems to be forming a triangle pattern, indicating a potential breakout. If the price closes above last week's high and stays above it, this could signal a bullish move in the coming week, especially as it has re-entered the range zone. The target is the resistance zone around 2477
FOREXCOM:XAUUSDLong
by RTED_Investing
What Trading Consolidation Looks Like?Should you trade consolidation? Well, the real question is are you a consolidation trader? If so, what does consolidation trading look like to you? Not all traders will have the same answer because no trader knows when consolidation will form until it happens. What you will do when it happens is solely based on what you believe to be true based on your beliefs about trading and your trading strategy. What is a market condition? A market condition is a type of way the market moves. Much like the weather outside, you dress based upon the temperature outside and you choose your style of clothing. You can't control the weather, but you can control what you do. Much like you can't control how price moves, but you can control how you trade it. The way price moves determines the strategy you choose to trade it based on your trading style. When consolidation begins forming you may notice a few things such as: 1. Its hard to gauge the price direction 2. Price moves sideways between an extreme high and low for an extended amount of time 3. You may be stopped out more often or have to wait longer before placing a trade if you are a trend or breakout trader 4. You may trade well within the ranges of crazy price movement in between the extreme high and low prices. The bigger question to ask yourself when you notice consolation forming is do you do well in this type of market? If so, what are the steps to trading this type of condition? Do you look place horizontal trend lines? Do you look for patterns such as wedges or flags. If no, the current currency pair or asset will be best to ignore til it begins to trend again in your favor. What will that look like? Is it a break out of the horizontal trend lines? Is it a break out of your pattern? Either way, as a trader, it's best you determine what consolidation looks like to you and decide to trade it or not to trade it. Construct steps around how you trade it and position your risk size according to this type of condition. For me myself personally, I do not trade consolidation. I am a trend trader and my motto is, if I'm not in the trade before consolidation forms, I'm not trading at all. I also don't create consolidation strategies. Thats just me personally. It helps with me mental capacity and keeps me focused on what works for me. I'd like to know, do you trade consolidation and if so, whats your best strategy. Lastly, thank you for reading my post. Be sure to like it. It lets me know you enjoy reading what I love talking about in my free time, trading. ❤️
EIGHTCAP:USOUSDEducation
by ShaquanLopez
2
Waiting for better dips 1812 broken open 1800If I missed that dip I want another one as traders position's accumulate. Yes 1806 is important to hold bias with 1799-89 if those supports break it will fall. We got hints in fundemental so I suggest an up move to take SL out as indicated from ol prediction that got cancelled intraday after we saw its false Momentum and breakout. So I do expect again consolidation. Yet this one's tricky for bulls can just keep price up than going down. So as they buying it might sell as intraday suggest buying more than sells once I turns to sells we buy 3days time from yesterday we might see upward moves 1805 was other people's entry it came to scare might be doing that again if the intraday stays underpressure from 1818 Big tF we bullish more than bears who holding for hopes
FX:XAUUSD
by GCGoldenCircle
SQ, Industry Laggard Set to OutperformSquare, NYSE:SQ , hasn't performed nearly as strongly as the rest of the market that has just about surpassed their previous highs from the lows of late 2018. Other stocks in the Fintech space, such as NASDAQ:PYPL , NYSE:V , NYSE:MA , and NASDAQ:INTU have been extremely strong, already making all-time highs. Square is a clear industry laggard, with a lot of potential I think that Square is due to follow the rest of the sector and start making moves higher soon. It has been trading in a consolidating triangle, since February, building up power. If it breaks this triangle to the upside, I believe it should have very strong momentum, and follow through. As long as overall market conditions remain strong, there is no reason Square shouldn't be a leader going into the rest of 2019.
NYSE:SQLong
by HBtrader22
ZARJPY - 1D - Sharkpattern inside consolidationVery much the same setup as my USDZAR setup (link below). just pick what u like more or trade both with half a position(what is what i will be doing) if opening is good. after the breakdown last year, this year ZARJPY has now been consolidating. we now retest the lower parts of this consolidation again entering the PRZ of the shark pattern that has formed. we saw good rejection after that, forming a pinbar and now im looking to trade this upwards again.
Long
by SergeantPringles