DOT target 20.70$Always waiting first for a breakout of the yellow zone, than a RETEST.
Only then I may take position.
Happy Trading! XD
Consolidationzone
EURUSD-Weekly Market Analysis-Jan21,Wk2A perfect scenario for this week trading setup on EURUSD will be a retracement back into the consolidation zone(grey box) and giving us a long shadow candle for us to engage for a shorting opportunity.
It will be better if the trade stretch towards the harmonic patterns, in this case the bullish crab pattern that was a perfect buy zone as it is on the support level on both the daily and 4-hourly chart and that puts it as as a trend trading opportunity.
EURUSD - Bearish Bat PatternNice gap up from market open today, and right now the market hit the consolidation zone within the bat pattern. It's a great area for traders to consider for a shorting opportunity as a counter-trend trading trade.
EURUSD-Weekly Market Analysis-Jan21,Wk1Last week I've shared with you the sideway consolidation expansion and the details that you need to look out to engage the trade. Trade1 would give your 39pips of profit which is 390USD/lot traded. Trade2 would give you 49pips with just the 1st target which translate to 490USD/lot traded.
The entire move to the maximum potential from trade2 gives you 112pips of profit alone, and that's 1,120USD/lot traded. Without trade and sizing management, that would give you a 200pips run in total, which is 2,000USD/lot, that I believe a lot of us would like to have that addition. What had passed has passed, there's no point in looking back, what's important is to leverage on our past experience and lookout for the next potential trade.
The consolidation zone(marked black box) is the zone that most traders are looking for a counter-trend trade(buying from a falling situation). However, I'm not that certain it will happen, my personal take is it will break and close below the consolidation zone and have a really strong bullish engulfing candle that closes above the consolidation zone.
At this moment, what's more important is to wait for candle confirmation before we can plan for our next move after Brexit.
GBPUSD-Weekly Market Analysis-Dec20,Wk5On 16Dec, we have identified the ABCD pattern during our live session and right now, we have a Bearish Deep Gartley pattern that forms up within the consolidation zone of the ABCD pattern.
No doubt, this is a counter-trend setup, it is a stronger setup then the week before as there is more indicator line up to support the pullback trade.
The aggressive trader can wait for the pullback of 1.3580 to short the market, the conservative trader can wait to engage the market at 1.3608.
For me, it depends on the candle formation at that level.
BTC Going To Test ATH’s Again?BTC has been sitting in this consolidation range for the past few hours. The current price is directly in the middle of this zone with a short term bullish trend forming.
I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again.
This is a bullish scenario, and the market could move in the opposite direction. If this is the case in the next 1-2 hours, I would like to seen it drop to the lower support zone at the bottom of the consolidation range, and then monitor price action on the 1H/4H charts to react accordingly!
Good luck :)
- Chigz
VUZI Consolidating Pretty WellVUZI is currently in a consolidation and is looking pretty positive. With all the news surrounding the company and its smart glasses being used by more and more companies, it's highly likely to start going up. A safe long position here (according to me, and I can be wrong 😅) would be to $4.50 - $4.75 with a stop loss at around $4
USDZAR Triangle PatternThe pair is still consolidating in a triangular formation. With the fundamentals favouring the recovery of the South African Rand(ZAR) we might see the pair break to the downside and continue the downtrend.
USDCAD - TypeII Bearish Shark CrabA type2 Bearish Shark and Crab pattern may set up for a great shorting opportunity. The price I'm looking to engage in a range of 1.3322-1.3338. President Donald Trump earlier wants to have the vote-counting stop and want to bring this to the supreme court.
Big Tech has shown strength versus UncertaintyBig Tech has shown strength in a consolidation zone for a month. After taking pause along with its FAANGM buddies, MSFT may make a significant bullish move toward Election Day. The Bearishness of Election may be already priced in. Despite very negative headlines all month and especially the last two weeks, these folks are still unfaced!
Sell on the way to test prior support zonebased on my previous analysis I predict price will continue on a downtrend to test the previous support zone. Price break out of a "M' consolidation to the down side tested the new resistance and reversed, so I feel the drop will drop to previous support.
SILVER touches 382 Fib RetracementFrom the lowest candle close from March to the highest candle close in August, SILVER has just touched the .382 Fib Retracement level. (Yes I know I do it backwards)
The previous Fib extensions from the highest wick before the crash to the lowest wick after the crash seem to have held a support and resistance throughout the impulse up, so far.
Will be interesting to see if SILVER breaks the .382 heading south to the .5
Still macro bullish, but this pullback feels long and sustained. Q4 will be a very interesting end to a historic year in the markets. Take a selfie and tell your grandkids :)
EURUSD Consolidation Buy Signal 100 PipsWe are currently in a consolidation for EURUSD. Long term I am expecting a break below this channel to the downside.
Currently technicals are pointing north for one more test before a drop.
Look to enter at current price range of 1.1730 to 1.1765 on a 15m chart.
Take profit @ 1.1900, short stop loss 20 pips under last low.
Good luck!
Charles V
CVFX Management
Trading made Simple
SELL USDCHF AFTER CONSOLIDATIONUSDCHF pair is positioned for a short runt to the upside with an expected consolidation zone at @ 0.91800.
Thereafter, we should see a pullback to the downside. I will take a short position when the price closes below @ 0.91800.
This will be my confirmation for the short-run to 0.90300.
Thanks.
WMT chillinEntering a period of consolidation, hopefully a nice sandbox to play in. Keep a tight stop if the broader market drags this down with it.
E: 143 +/-1
T1: 157.14
T2: 162 (no signs of weakness)
S: 140.6
EURUSD Upwards Channel - Buy Ready to go - NonFarmEURUSD has been in this channel for almost 2 weeks with top and bottoms holding. See past ideas where we have profited from these buys.
Look to buy at current price
Target top of channel or short 30-40 pip range if you want to day trade.
Good luck!
Charles V
www.cvfxmanagement.com
Trading made Simple
NFLX needs to chillshort term bullish as the recent low didn't pierce the SHK support zone. As long as it stays above and holds, we could see one more test of the top. Ultimately failing. Broader market is not making growth easy.
E: 499-505 (after reversal of trend)
T:525.85
T2: 542.35 (no sluggishness)
S: 484.05
GJ Is In A Stalemate!!GJ has been consolidating every since the market has been open. I'm predicting a Consolidation Breakout towards 142.00 if breakout, retest, then close occur above consolidation zone. I've marked my entry at 141.785. If price fails to break out of the Resistance Zone, I predict a retracement back to the 61% Fibonacci. Which would be the start of a bigger Pullback.
Support my analysis with a THUMBS UP!
Comment your Trade Ideas on GBP/JPY Below..
EURCHF Upwards Consolidation Range - Buy SignalFor those that have been following me, this has been one of my favorite consolidation trades.
Since the end of July this has been consolidation and I have been buying up to top of channel.
We are currently at a prime stop once again at the bottom of the channel.
Entry @ current price of 1.0762
TP @ 1.0820 area
Good luck trading!
Let me know how I can help or if you have any questions.
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
RBLBANK CONSOLIDATIONRBLBANK continue to consolidate on daily basis. if it close above 194 on daily basis, it could rally upto 226-230 which is also acting as 200 DMA. observe the price action at consolidation channel. it is continued to trade at higher level of the channel, indicating likely break upside.
NZD/JPY Consolidation SetupThis pair has been ranging for a while now and were at a good place and risk to reward to look at this as a consolidation setup.
We are down near the bottom of the consolidation zone we've been stuck in, I'll be entering a long position to go back up the kumo which is near the middle of the zone.
If we fail to hold support at the bottom of the zone, this setup may become invalidated.
bracketing the market again...waiting for breakoutfcpo has yet come to a tight range consolidation...as I am a breakout trader, I am anticipating a breakout to either side, upside or downside also will provide some trading opportunity...
current support : 2420
lower support : 2400
current resistance : 2470-2474
