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Rangebreakout

WHY DID THE BULLISH CONTINUATION MOVE FAIL?What does "End of Month Square Up" mean. A square position is a situation where a trader or portfolio has no market exposure. ... The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. A square position is also referred to as a "flat position." Square position, like many trading terms, can take on a different nuance depending on the speaker. For an individual forex trader, a square position can refer to offsetting long and short positions in the same currency pair or a situation where a currency trader holds no positions in the market. The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. Squaring usually refers to just a few positions, but a trader could close out all of his open positions and get out of the market. The "Market Makers" can use this trading principle as they move the market. E/U had a Bullish Trend which became a consolidated range. Price had a Bearish Breakout of the Range bottom which failed. Price created Higher Highs and Higher Low making it appear a Bullish Continuation move was happening. This drew in long traders leaving behind lots of money tied up in Stop Losses. The Market Makers can tell where the most money is tied up on the Long side or Short Side. It seems to appear that the Market Makers made the Bullish Continuation Reversal fail and took out the Stop Losses at the Higher Low entry point and also the 50% reversal entry point. All of this happening the last few days of the End of the Month of October. Could this be an example of the "END OF MONTH SQUARE UP?"
Education
by Tradingstrategyguides
Range Support Holds With Bullish RejectionWe discussed this pair yesterday and how price action was moving down to the near term support level. Price has now moved lower into this level and rejected it with a strong bullish rejection candle on the 4 hour chart. The range we discussed yesterday that price was forming is now in full play and until we get a clean breakout, we can look to play both sides of the market. We can look to trade long and short from both the range support and resistance levels.
by TaherJalili
NZDCHF - Breakout ImminentA little thought on minor - Kiwi Swissy The pair has now seen to be recovering from the massive sell-off from the March panic sell off with RISK OFF mode ongoing thus the rush for demand for safe-heaven Franc. The pair had now seen been trading in a low volatility consolidating pattern - indicating a breakout might be imminent; and expected the trend will last quite awhile. #no range will last forever Entry with BUY/SELL STOP order suggested 1 ATR above the range high (yellow line); avoiding being false entry with daily price fluctuation. ride the breakout & follow the trend !
by hoefoong
1
Gold respected upwards break of 50 week range July's break of the weekly range since September 2018 saw a new ATH for gold. Bear slammed down to test weekly range at 1865 zone and it was respected magnificently, strong signs for bull continuation at this level. Below 1823 would invalidate the break upwards and see gold scuba-diving for a new low support. Strong signals from my end for phoenix flying to new highs for gold. New range to be made. Looking up from here. Just a Salmon. Ideas are not gospel.
FX:XAUUSDLong
by UnknownUnicorn705200