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Sideways

Sideways Range ContinuingThis is an interesting market and a market where caution is probably best. Whilst it is pretty clear we have a range and sideways move in play, there are a lot of traps and false moves occurring within it. This means that whilst price may respect a support or resistance, it is making a false break higher or lower first. The other reason caution may be best is because we have signs of momentum to the upside with a bottom pattern on the daily chart, but price is running directly into the major resistance level. It could be best to watch this level for the next price action clue.
TVC:SILVERLong
by TaherJalili
Banknifty Possible Targets for the October 1st WeekBank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very reasonable target on upper side and more bias towards downward spiral. However we feel a sideways movement would be warranted for the coming week as a cooling off week.
NSE:BANKNIFTY1!Short
by Pivotal_Traders
FCPO TRADING : 172) sideway or slowly upthis is haidojo and the number is 172... after some bearish-engulfing pattern in candlesticks yesterday dan a fall close to 70pts. Today, fcpo-dec resumes its fall to close to 2900... however, it is still indecisive whether the market has reversed its trend or juz a mere correction after hitting a major resistance region of 3100-3130...the support of 2800 must be watched closely...it is the main-marker to decide whether the market is bullish or bearish... higher resistance : 3100-3130 immediate resistance : 3030 support : 2900 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!
by HAIDOJO_trading
Intraday Range is HoldingIn last week's trade ideas we looked at this pair and the potential for price to move into the yearly highs. After testing these highs, price formed a daily chart bearish pin bar reversal and price moved right back into the consolidation and sideways range. As the 4 hour chart shows; price is now hovering around the intraday support level. The intraday charts are very sideways and whilst they stay this way trades can be hunted on both sides of the markets from the major levels.
by TaherJalili
Can Price Break / Continue This Week?Whilst price has been trending strongly higher for the bulk of this year, in recent weeks the trend has ground to a halt. As the attached 4 hour chart shows; price is very sideways on the intraday charts. This can be a tricky time to look for trades because inside this range is a lot of choppy price action. The best play for conservative traders could be to wait for a breakout of these levels and to see if the trend continues which would then pave the way for long trades. Thanks for your like and support...
FX:XAUUSDLong
by TaherJalili
Sideways until the end of October?Hello, traders. Today's question is pretty simple, does the history repeats itself? Because if they do, we can predict the price more certainly about the next movement, see this example on BITCOIN: After an almost 50% raise, the BTC started an accumulation pattern which took approximately 88 days to begin a new impulsive wave, which made the price rise almost 40%, and after that, the price started a new accumulation phase that is happening right now. So if the history repeats itself, we can expect another big sideways movement until the end of October. And another 40% - 50% rise is expected. Best Regards.
Long
by MarketMinds
1
Descending Triangle with Sideways ETA 6 Oct 2020JFTECH has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 2.89. Resistance 1 : 3.65 (3.74%) Resistance 2 : 3.7 Support 1 : 2.89 (-17.81%) Support 2 : 2.83 Descending Triangle prediction at 21 Aug 2020. Possible bearish price movement towards the resistance 2.89 within the next 118 days (30 bars : ETA 6 Oct 2020).
MYX:JFTECHShort
by RozaniGhani-RG
Descending Triangle with Sideways ETA 16 Dec 2020The support and resistance level of Kossan are 12.32 and 17.1 respectively. It is observed that the MACD line of KOSSAN is above the centreline indicating some degree of strength in the price movement. Resistance 1 : 17.1 (4.46%) Resistance 2 : 17.46 Support 1 : 12.32 (-24.58%) Support 2 : 11.96 Descending Triangle prediction at 21 Aug 2020. Possible bearish price movement towards the resistance 12.32 within the next 118 days (81 bars : ETA 16 Dec 2020).
MYX:KOSSANShort
by RozaniGhani-RG
1
INTC - Crosses over lower Keltner channel Intel Corp ( NASDAQ:INTC ) was one of those stocks that recently dipped post earnings. Adding fuel to that fire, was a recent departure of one of their engineering executives and a securities class action lawsuit. At that time we posted an article called "Buy the Dip?" Where I was talking about how it would better to wait for price action to come back into the lower keltner channel before considering any long positions on INTC. However a few weeks have passed since the dip and now the stock has crossed into the lower keltner channel. Usually, when a stock goes through a big dip I have found that it will begin oscilatting between the Keltner channel bands sometimes extending into the bollinger bands. So. I would like to see if INTC goes up to the upper keltner or bollinger bands within the next week.
NASDAQ:INTCLong
by UnknownUnicorn6775423
EURUSD - Easy Range-Trading Setup - with MTFAHi Traders! The market is in an Uptrend. Let's begin with the Daily Timeframe: Here you can see the market is making trending moves with high price action. In addition it is moving in a Range. In this moment we are at a consolidation. Now we move further to the next H4-timeframe: Here you can see the Reange closed up. The two main areas are: The Support at 1.17064 and the Resistance at 1.19117. Another indication for a Ranging Market is, when the 50MA starts to wobble around price. Then it is not in a Trend but in a Range. Now discover how to enter this market (H1-Timeframe): As you can see on the lower Timeframe it seems to be in an Uptrend. It is making a trending Moves and Retracement Moves. So, the goal is to get a Trend Reversal Pattern at the Resistance. You can combine that with the break of the channel or the crossover of the 20MA. We recommend to trade the market still carefully, because we are counter trend trading. Thanks and successful Trading :)!
Short
by swissmoneymakers