How to Avoid Consolidation in Forex

being stuck in a period of consolidation is one of the worst things that can happen while trading. there is no momentum and price just seems to be moving sideways. Periods of consolidation in day trading are very difficult to trade. this is why I highly suggest people avoid consolidation at all costs. in this video I explain how to spot upcoming periods of consolidation in two different ways.

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Periods of consolidation can be found in price charts for any time interval, and these periods can last for days, weeks or months. Technical traders look for support and resistance levels in price charts, and then use these levels to make buy and sell decisions.

KEY TAKEAWAYS
Consolidation is a technical analysis term used to describe a stock's price movement within a given support and resistance range for a period of time. It is generally caused due to trader indecisiveness.
Consolidated financial statements are used by analysts to evaluate parent and subsidiary companies as a single company.
The Differences Between Support and Resistance
The lower and upper bounds of an asset's price create the support and resistance levels within a consolidation pattern. A resistance level is the top end of the price pattern, while the support level is the lower end.

Once the price breaks through the identified areas of support or resistance, volatility quickly increases, and so does the opportunity for short-term traders to generate a profit. Technical traders believe a breakout above resistance means the price will climb further, so the trader buys. On the other hand, a breakout below the support level indicates the price is falling even lower, and the trader sells.

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