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Consolidation

XAU-USD- GOLD HEADING INTO CONSOLIDATIONXAUUSD - GOLD struggles as the general benchmark markets corrected and the VIX volatility index is now low showing much less fear in the markets. Watch this video to find out where gold is heading for the remaining month of April 2022 Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
FXOPEN:XAUUSD
by CryptoBuzzAnalyst
USDJPY - Consolidation after Uptrend expectedHi Traders! Here is our analysis: Price is in Strong Uptrend Made one Top then came lower Equal Lows --> First Sign of Bullish Weakness --> Bullish "Shock" As a reaction --> BBs closing their positions --> Consolidation expected If Breakout --> Down-Movement until next Support expected If you have any questions, another Point of View or anything else to share, don't hesitate to comment! Thanks and successful Trading :-)! --------------------------------------------------------------- ***Trade at your own risk*** ***Not every idea is traded by us***
by swissmoneymakers
USDCAD - Demand ZoneBesides waiting for the Bullish Deep Gartley setup, there's another way to engage the USDCAD chart. If you are into this consolidation or sideways movement, you could wait for a trading setup on the lower timeframe, preferably the 1-hourly chart for this setup. You can wait for a minimum setup of Double Top setup with RSI Divergence, in that case, you can have a tight stop, even if it fails you won't be losing a lot. Always remember, there isn't any hurry in hopping into a trade. It's always better to miss a trade than to jump in to one you regret.
Long
by RaynLim
NZDCAD - Bullish Gartley, Cypher & Bat The NZDCAD is currently forming a right shoulder of a higher timeframe head & shoulders pattern. This consolidation at the right shoulder has led to a handful of potential bullish pattern formations on the lower timeframe. The chart in front of you shows a potential bullish gartley (purple), cypher (blue) & bat (yellow). If you have any questions, comments, or want to share your view on this chart or pair. Please feel free to leave it below as I do go through each and every comment and respond. Akil
Long
by Akil_Stokes
BTC Channel bound through 2022, breakout in 2023BTC is showing strength in this channel. You'll see the bottom of the channel trends from top and bottom level support over the course of previous cycles. This looks like a really good area for BTC to consolidate before it's next run as it's found strength around this level. May have a dip below, but I'd venture to guess the monthly candle won't close below this range. The MACD tend looks to be curving at the right time near the bottom which can also fall in line with this pattern. Once we reach the end of the arrow, that's where I'm envisioning a breakout - however, I'll measure the length of that breakout as we get closer if this channel does end up being the trend it follows. Good luck! This is simply what I'm seeing.
KRAKEN:BTCUSDLong
by crow1980
200MA on the 3day held perfectly. Testing 45k again 🐱‍🏍The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: The 200MA of the 3day was held perfectly. No close below it! We now are within the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We are still above the macro support level of 30k. Bearish stuff: We did not create higher highs yet and are in a consolidation phase during a down trend. Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA. We believe that the people that hold through these hard times will get rewarded. What is needed is patience and endurance . Bitcoin got additional attention during the Russian invasion in Ukraine. People could use Bitcoin but have trouble withdrawing their fiat currency. Donations are also made using cryptos which leads to additional attention. Ukraine legalized cryptos because of that. The FED started with rate hikes and takes a closer look to cryptos. This is a novum and it seems that Bitcoin became to big to ban or ignore. We expect bullish times ahead can't wait for it. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumblery
Long
by tumbler55
GER30 - High & Tight Flag PatternThe high & tight flag pattern is one of my favorite setups to trade & historically is one of the best setups that the market has to offer. This one, in particular, is downgraded due to its location relative to the overall state of the market, but nonetheless, still, something that may be interesting to many of you breakout traders out there. When it comes to breakouts, there are 3 methods that I teach for how to trade them. 1) Entering a position prior to the breakout in anticipation that it will happen. 2) Entering during the breakout, so while it is happening & 3) Entering after the breakout, meaning once the breakout is confirmed. All have their pros & their cons which need to be taken into account. The projected target level for me is the previous shelf of structure support which I would expect to act as a form of resistance. We can also pair that with a 61.8 Fibonacci retracement taken from the larger swing. The larger target projection level comes near the top of the previous consolidation zone at the 78.6 & largest volume spike. Hope this idea is helpful & as always I encourage you to leave any questions or comments below. Have a great day! - Akil
FX:GER30Long
by Akil_Stokes
The FUD keeps subsiding and recovery signs are emerging 👀Bitcoin is the dominant crypto currency and the whole market is somewhat depending on the health of the Bitcoin price chart. Bitcoin dropped by 50% from its previous ATH around 68k within 3 months. Since then we are consolidating into a wedge pattern with a ceiling around 45k and a rising floor currently around 39k. Bearish stuff: We are below the weekly bull market support band which currently ranges from 43k-47k. Currently we are not able to break the 45k level and a further decline could send us back to lower lows. We did not create higher highs yet and are in a consolidation phase during a down trend. We are below the 100MA and 200MA. Bullish stuff: Since February we are consolidating with a rising floor. We broke the downtrend for price and on the RSI. Trading volume is increasing since the start of 2022. We are still above the macro support level of 30k. Price is above the 50MA. We believe that the people that hold through these hard times will get rewarded. What is needed is patience and endurance. Bitcoin got additional attention during the Russian invasion in Ukraine. People could use Bitcoin but have trouble withdrawing their fiat currency. Donations are also made using cryptos which leads to additional attention. Ukraine legalized cryptos because of that. The FED started with rate hikes and takes a closer look to cryptos. This is a novum and it seems that Bitcoin became to big to ban or ignore. We expect bullish times ahead can't wait for it. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumblery
by tumbler55
BTC and All markets are going to dump hard, be carefulthis ideas shows a potential dump, i believe that this dump is happening in near future, if it does not play out, then we are safe, if it plays out then you have to be ready for it, keep strict stop loss to all trades, collect profits as they happen and do not get greedy, moving averages and bollinger bands analysis on 3 days chart and weekly chart both anticipate the worst case scenario (red), daily chart analysis is mostly playing the best case scenario ( green ) or the yellow scenario note: constitutional investors are starting to accumulate huge short positions, im playing for the worst case scenario which is 8-18 k Fibonacci extention shows 9128 while fibonacci retracement shows 10617 note: drawn scenarios are seperate from shown dates, it was expanded for the drawing to be clear stay safe, happy grinding
by flying_whale
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