GOOGL consolidatingIn case price moves lower, i will add to the position at the bottom of the channel. This is very similar to the LCID position we traded a couple of weeks ago and gave us over 500% return.
Consolidation
EUR/USD 15th of JulyE/U did an incredible movement. Price was in a consolidation moment, it made a breakout, a retest and price started a new uptrend.
Rectangle on EUR/CAD @ D1This rectangle pattern on the daily chart of EUR/CAD offers two breakout trading opportunities. The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. The stop-loss can be set to the low/high of the breakout candle (not shown on the chart).
BTC: Daily outlook of the 20k-22k range consolidationPrice has been rejected from the 22500 resistance.
To be fair, this is the most significant resistance we have on the chart right now considering that it is both a daily resistance and the 200W MA which has been acting as support in the past and should now act as resistance.
The way I see it there are two basic scenarios here:
A) Bullish Scenario:
The price manages to consolidate between 20500-22500 while printing higher lows.
This would appear as a mirrored triangle on the charts and it basically means seller exhaustion.
Those formations are usually bullish, thus, once we break 22500 we should see a significant move to the upside.
In every breakout to the upside the first important resistance is usually the most significant, therefore, if 22500 break I think we should be looking for a mean reversion rally to the 28k-32k cluster. Don't fade it too early.
B) Bearish Scenario
Should the price loses 20500 on a daily level (print at least 2 days below 20k) I would expect to see a short consolidation (desperate attempts to reclaim 20k level) followed by a breakdown.
In that case any retest of 20k level is a potential sell or opportunity to close any underwater longs that you may have.
In that case I don't necessarily think we will go very low. Not that we couldn't but in my opinion there's gonna be interest around the 15.8k - 16.6k area. Maybe even a bounce from previous lows (17.6). So, don't leverage your shorts.
If this helped you in any way please give it a like. ty!
XRPUSD respects the 0,35$ (BTC = Weekly High) Rollover incommingBTC , ETH & XRP hold his Range & can rollover to the downside. Buying Region is comming.
What do you think, if BTC & ETH start falling again to the downside?
www.tradingview.com 6/
S&P broke our resistance - Forex.DocPrice confirmed our support zone 3750 and broke our resistance zone 3850 yesterday. We can also see the retest here, so I expect to see bullish move.
$XENE showing signs of going higher after a long consolidation!Notes:
* Strong up trend
* Okay earnings track record
* Consolidating for the past ~9months
* Bouncing from its 50 day line with bullish momentum
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 1.73
Relative Strength vs. SP500: 1.32
U/D Ratio: 1.97
Base Depth: 36.27%
Distance from breakout buy point: -1.16%
Volume 19.91% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to the 50 day line
* If you're looking for a better entry you can look for one around the $32.76 area as that seems to be a pivot
* This stock usually has local tops when the price closes around 33.16% above its 50 EMA
* Consider selling into strength if the price closes 32.96% to 33.36% (or higher) above its 50 EMA
* The last closing price is 10.55% away from its 50 EMA
BTC ready for break-out, or ready to break-down?Last few days have been quite volatile and I saw some very unexpected moves on crypto market. First, this Adam&Eve pattern rejected with huge force, which also made sense as we descended to Golden pocket on Fib, which was also in small support level from 18th June. This quick climb was definitely fueled by short liquidations, which trapped many traders there. But the fuel ran out almost immediately, when we hit S/R zone between 20,600 and 20,800$. This is the zone we have tested how 3 times as resistance and those usually fail on the 4th attempt 🤞🏼
If we can get through, there's nothing stopping the price from reaching main Supply zone above 21,600$ - that is the catalyst for explosive move upwards where we could target 23-25k zones!
Just not to be irrationally bullish at this point - how market structure is set right now, I would not be in longs just yet. We are moving mainly sideways, being locked between 19 and 21k. While we are here, there is no clear trend. We just had golden cross of EMAs, but last one was very short lived.
Just below we have S/R zone 2 - which is right now playing as the middle of consolidation channel - I'm quite confident that even in case of a breakout here, we will still revisit this one later, to grab more liquidity for growth.
Or if we break it downwards, there is still the Big demand zone below 18k to be tested.
Gold 7th of JulyPrice perfectly respected our prediction. After consolidation, it continued the bearish trend after a retest of the zone on lower time frames.
USD/CAD failing to break YTD highWe can see here massive bullish move. Price reached YTD high and failed to break it. We can see consolidation now, but price keeps failing to break this zone. Its possible to see bearish move.
BUY signal for TATA POWER stock hey guys,
TATA POWER stock is in a consolidation zone for a long period of time,
this stock has tried to cross this consolidation zone
but this was a failure
and it resulted to bull trap for traders ,
but now this stock is at its lowest point of this consolidation zone
and you can see a great green candle,
further also , this stock has made a tweezers canndles
so therefore guys you can buy this stock and earn upto 25% return in an average of 43 days
TATA POWER stock can be bearish also
but there are LESS CHANCES of a BEARISH BEHAVIOUR,
because this is a quality stock and fundamentals of this stock are good
so there are plenty of reasons to buy this stock
BUT FIRST CONSIDER THE GLOBAL SITUATION I.E.
INFLATION
WAR BETWEEN UKRAINE AND RUSSIA
RISING BANK RATES
AND EXPORT DUTIES INCREASED ON OIL AND GAS
AFTER CONSIDERING THESE SITUATION YOU CAN BUY THIS STOCK
and pls guys , if you liked my analysis comment , like and follow my account
😀😀
EURCHF - Consolidation opportunityAfter a significant downtrend from 1.20 down to below 1.00, the EURCHF pair is now consolidating on the daily timeframe.
Similarly, the Sentiment Index at the bottom is consolidating.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
The opportunity now is to trade the pair within the consolidation considering it's very large and clearly identifiable.
Remember to stay patient and always look for confirmation from the indicators!
ETH SHORT 50% of consolidationWe are about to hit the 50% level of the consolidation while the downfall, in many times this is a good entry
4 HR TF Break DownThe narrative for this short set up is this:
When the 4hr breaks out of a consolidation zone from the 15min TF huge opportunities for high probability entries present themselves.
When you see the opportunity at the beginning of the break cease the moment.
You're either right or wrong.
A tight SL will take care of the RISK if you're wring,
But it sure feels good when you're right!
As always never overleverage.
Trust your trade set up.
Have fun!
I AM Pro Trading Made Simple
Breakout ahead on USDCAD After offering a great buy opportunity earlier this month the USDCAD pair is consolidating on the 60m timeframe.
Similarly, the RSI Exhaustion at the bottom is consolidating.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend continuation) or to the downside (trend reversal).
Remember to stay patient and always look for confirmation from the indicators!
Breakout coming on on BTCUSDAfter offering multiple sell opportunities, the BTCUSD pair is now consolidating on the 60m timeframe.
Similarly, the RSI Exhaustion at the bottom is consolidating as well.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
Remember to stay patient and always look for confirmation from the indicators!
GBP/USD analysis update - Forex.DocPrice went down as I wrote in my previous analysis and it has finally broke our consolidation zone. It broke significant zone and I will wait for a potential retest and opportunity to sell.
EURGBP: Strong Supply After various liquidity sweeps within this range, we may finally be ready to see some selling pressure.
I will be observing price action within this supply to locate a potential sell.
If price fails to reject this zone then we have to let price travel up to the main supply at the high before we search for sells again.
GOLD is ranging - Forex.Doc AnalysisXAU/USD
Our 1845 resistance zone is still holding the price and we can see series of lower highs. But price created new support zone around 1825. It is possible to see some bullish reaction and then breakout.
Not a great situation to trade - GBP/USD Forex.DocThere are not many opportunities to trade this pair. I noticed 1.23200 resistance zone, so its possible to see move down, but moves are very slow and price is consolidating.
NZDJPY: Zoom Out 🔍Everyone is focusing on the lower time frames without noticing the higher monthly supply holding right above current price.
Be careful selling before this zone! We are seeing lots of indecision suggesting price may well want to travel up into the supply before any signs of reversals.
Bear this in mind when trading this pair.
Please let me know what you think in the comments 💬
LTCUSDT compressionA breakout opportunity is forming on LTCUSDT.
The pair is currently consolidating after the recent downtrend that formed several tops and offered multiple selling opportunities. Price movements are increasingly compressed and will eventually break. The same compression is building in the RSI Exhaustion indicator at the bottom.
As of now, the breakout could be either to the upside (trend reversal) or to the downside (trend continuation) so let's just wait and see when the breakout comes.
Remember to do your analysis, be patient and always look for confirmation from the indicators.
USDJPY 1H Zone Break IdeaLooking for this zone to break and provide movement in either direction. Waiting for break to get current time frame bias. Overall bias is bullish, but the Daily is bearish today (6/15/22).
