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Keys to Trading Consolidations

DaddyPapi Updated 5 Oct.  in #Trader's blog #Consolidation #Breakouts #Daily Chart #Candlestick Analysis #False Breakout #4 Hour Chart
There are 3 Main ways to trade Consolidation Patterns.
1. Trading Within Consolidation between Support and Resistance;
2. Trading Breakouts;
3. Trading False Breakout Reversals;
Each of these scenarios can be profitable, but the keys to being able to trade them successfully comes down to identifying the right Trading Signals.
If you Swing Trade the markets using the Daily and 4 Hour Charts without Indicators, then it means trying to identify the correct Candlestick Signals and Patterns on these …
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Not All Breakouts are Created Equal

DaddyPapi Updated 6 June  in #Trader's blog #Consolidation #Breakouts #Signals #Candlestick Analysis #False Breakout #Reversals #Candlestick Signals
Breakouts from Consolidation are the most common of setups that are traded in the Currency Market. These have been more dominant in recent years because of the extraordinary Monetary Policy stances of Central Banks as well as other factors that have led to low levels of liquidity. Breakouts can be fast and sharp, leading to trade targets being hit within minutes or a few days. However, as tempting as these are, there are many traps that have often caught traders with our pants down and left us w…
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