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Consolidation-breakout

Big Picture View on AUDUSDWe can see the impulse move to the downside on the left of the chart, indicated by the first pink arrow. Then there was a consolidation structure formation which completed 5 waves and broke to the downside. This indicates that we are in the second impulse move, indicated by the second pink arrow on the right. Based on the initial impulse length, we can expect a fall to around the 0.5600 mark which is still a long way down! Obviously this will not go in a straight line and there will be many trade opportunities on the way down on smaller time frames. Check out our trading signal service to get the exact entry, SL and TP levels for our trades. Happy Trading! Linton
Short
by Linton_White
USD/CAD: Is the Worst Over? USD/CAD has had a very negative start to the year. For a while, CAD was actually the best performing currency in the world, year to date. But has the pair finished its down trend? Since Wednesday, there has been significant consolidation and a stop in the decline. It dropped as low as 1.31804 before climbing back up slightly. I think given the significant level of 1.3200, which the pair has been testing around over the last 3 days, the down trend may be over. I would look for a slight retracement back towards the 1.3200 level before the pair reverses and begins a new up trend. Going back a few weeks, this pattern is actually quite similar to the pattern formed from November 20 - November 28 2018. After an up trend (albeit a short one), the pair reversed and began a down trend, before hitting below the 1.3200 level. Once around that level though, it bounced back upwards, retraced back down to the level, and then broke out to the upside. I wonder if something similar will happen this time. I would suggest placing a buy order on the retracement back to 1.3200 with a stop loss of 1.3160 and a take profit of 1.33144, a level of resistance multiple times since November 2018.
Long
by BinaryPairing
Holy sideways movement BATmanWe continue to have sideways movement between well established lines of support and resistance. The line of support has been tested 8 times. However, movement downward is running out of steam as evident by the last dip that was unable to reach our support line. So it's no surprise the price is now flirting with a breakthrough of our line of resistance. If this happens, look for the price to retest the line of resistance as our new level of support. If it holds as our new line of support and volume is sufficient, look for price increase equal to at least the height of our existing support/resistance boundaries, to around the 118000 mark. Our buy mark would be just above the existing line of resistance, and if you miss that, it could retest the line as our new level support, which would provide a second buy opportunity. Our stop could be located in two possible positions. First position is at the our existing line of support around 104000. Alternatively, if the price breaks out and then falls back into our existing support and resistance lines, a new upward trend line might be forming, and our stop would be at that line (low point of the orange line).
BLong
by CryptoKujira
2
Where is BTC going to go next?After creating a new structure low, BTC has been in a consolidation phase with a bullish Gartley in the midst of it all. We are not in a bullish rotation yet as the previous outside return has not be violated. BTC price could oscillate within the wedge (white arrows) or could break out of the wedge and form a potential channel (light blue dotted lines) If BTC breaks out of wedge and reaches top of the blue dotted lines, I will look for double top entry on the lower time frame to enter as the R:R is very good, even if target is just the bottom blue dotted line. Stop loss would be a close above the previous outside return ($4526). Automatic SL trigger would be 1ATR above the $4526. Bigger picture view (1D), $3000 offers a attractive support for BTC. BTC currently trading between previous congestion zone, looking left. Couple of scenario to look at.
BITFINEX:BTCUSD
by jonathan612
US 30 ?Bear Flag forming Again? May be EW4 in downtrend- Danger!JW if this 3-day rally is another fakeout, has earmarks of a bear flag rally, very hard to call a bottom yet, consolidating, fluctuating. Trading at area where price has provoked bear reaction, the EW model suggests we might expect retest of lows, and possibly a lower low. Filling the gap down from 249 was expected, top of the gap = pivot & resistance; breakout above this level would signal a move up. Bulling up through 250 would invalidate the model as 4th wave shouldn't break above low from 1st wave. This isn't investment advice, just an idea, trade at your own risk; GLTA!
DJ:DJI
by DaddySawbucks
Trend Continuation - GPYJPY in a descending triangle!Good afternoon Traders, This is a very simple trend continuation trade. We see a previous impulse the shows very strong bearish momentum. Price is now consolidating in a descending triangle, which is a hint, that price might continue lower. A stop sell order below the trendline support is a possible entry. Also, I've drawn the fib. extension lines and the 0.618 level confluences well with the low on the daily chart if you scroll back. Happy trading! Kaetea Ng
Short
by Kaetea_Ng
Break 21eMA $303.75 Mth + 9eMA $304.50 DConsolidate/Buy Opp into eMA 4 Long-term Swing Missile/Defense Budget Zero Party Bias Recent Pull back creates buying opportunity with Break past $300, to the eMA Lines mentioned (for conviction), NOTE Heikin-Ashi Candle Potential Sentiment/Swing Trade Setup on Daily Chart #tekmunnee Strategy would be to play Long Shares, if Options, At The Money or near Strike out 6+ Months My Optimistic Case would be to test ATH, and Potentially $385 Target as a Swing Trade Historically, Congress, has zero political bias on Military Spending Hyper-sonic Missile Threat is Critical for USA and Pentagon Funding supporting expansion and expediting as Russia has deployed & India has technology + Capability to deploy. BONUS: Barron's Cover Story Pump 11/3/2018 $RTN $NOC benefit from Missile Spending
NYSE:LMTLong
by tekmunnee
USDJPY(1D): Consolidation Before A ShortUSDJPY Timeframe: 1D Direction: Short Confluences for Consolidation Period: - At support of Medium Term Trendline (established since March 2018) - Price action hovering at 61.8% Fibo line of Recent Highs and Lows - Overlapping of Oversold Stochastics Confluences to Watch for a Sell - Bearish candle formations - Stochastic Overbought momentum wanes (if it reaches those levels) - Crossover of 8EMA and 50EMA - Break of Medium Term Trendline (established since March 2018) Suggested Trade: Price Action is likely to consolidate back upwards towards 112.48 - 113.27. Those levels are opportunities to sell USDJPY. Entry @ 112.48 - 113.27 SL: 114.66 TP: 109.69 May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
BTC 10th OCT 2018 - Signs For Bullish MoveHuge move for bitcoin expected. Those are my main TA sign for a bullish move 1. Double Dip in RSI & $ price ($5750-$6000). 2. Consolidation, BTC went almost stable. 3. Curve trend movement, correction seems done. _________________________________________________________ Very buy, because expecting it would go much lower, might be the new wishful thinking in this. Stay positive, buy the future, dont see it as an investment only. _________________________________________________________ #doggonacci
Long
by UnknownUnicorn3117882
2