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Keylevel

AUD/USD: Possible continuation of the trendAustralian Dollar/U.S. Dollar still in this bullish market structure that we could to find up bought in the smart level to watch in H4 timeframe. I mark in the black circles the key to watch. Also, as we break out this bearish channel, the trend could to turn bullish. So, we would need to know how the candlestick in H4 timeframe will closed up to take a tract if we could to entry to bought, or wait a little more to know if reach down the point $0.6853 USD to bought in this smart level. I will update this par if we see an opportunity to long. Keep pending this opportunity
Long
by harisonhbn9718
EURUSD: Buying Lure ⚠️Are you being lured into buys? My gut is telling me that selling is not finished yet. We created strong support at the key psychological level of 1.00000 and this was the initial buy trap that ended in a strong liquidity grab. However, one liquidity grab is not enough nowadays and for this reason, I will be looking to continue selling with the trend from this lovely supply that is approaching. If we show signs of rejection around this area, I will be taking a sell with the members to create a new low.
Short
by AlkalineFX
44
Key levels 2.0 Key levels are psychological price levels on the chart where many traders base their technical analyses on. These traders are likely to place their bullish or bearish entries, and exit points around these levels. And as a result, key levels tend to be crowded with a high trading volume. Key levels also attract so much trading volume because that is where institutional traders make their trades as well. And thanks to their big-money moves, key levels are often resilient and lasting. How to Identify Key Levels There are three main types of key levels, and you are most likely familiar with them all even if you’re a novice forex trader. So identifying them should be quite easy. The Horizontal Key Level The horizontal key level is made up of support and resistance levels. But we aren’t talking about just any support and resistance level. We’re referring to those with lasting historical significance. You’ll find these horizontal key levels on the higher timeframes, such as the weekly and monthly timeframes. The horizontal key levels remain active for months and years, and the price mostly never gets across them without strong opposition. In the chart above, notice how the level keeps getting a lot of reactions from the price before it finally breaks. The Slanting Key Level The slanting key level forms on trends. It appears as a trendline on the chart. And just like their horizontal counterparts, slanting key levels mostly form on the weekly and monthly charts. The Rounded Key Level Rounded levels on the charts also form key levels. Our article on rounded levels tells you everything you need to know about rounded levels. But for the sake of this article, rounded levels are those price levels that are easily divisible by 100. They often end with two or more zeroes. Traders often place their trades around the rounded key levels because it is psychologically easier and simpler to trade at 120.00 as opposed to 119.97 The same way you would say you bought an item for $100 when you actually bought it for $99.99. Tips on Trading Key Levels Here are some tips have at the back of your mind when trading the key levels: Pick your key levels from higher time frames. The key levels on the higher timeframes tend to be stronger than those on the lower timeframes. The reason is that this is where the market movers, big banks, and other institutional traders make their trades. Any level below the 4-hour chart could easily falter and is prone to false breakouts. But to be on the safe side, use the key levels on the timeframes higher than the daily chart. Set your stop losses wisely. Where you place your stop losses could make or break your forex account. There are many schools of thought when it comes to setting stop losses, and each one is perfect for varying trade scenarios. But one objective method of setting stop losses that works for most trading scenarios is using the Stop Loss Cluster indicator. The Stop Loss Cluster indicator tells you where most traders have placed their stop losses. And these are the levels the price is most likely to hit during a false breakout. Conclusion You too can base your trades on these key levels. But make sure you follow the strategies and tips we have discussed to help you make the best of the key levels
U
by FTraderx25
Key leves lets see how the candles react with levelskey levels are some strong they can send the price up or down To create a leve first 1 Go to daily time frame and find 3 candles that touch exactly with red Horizontal line when you finish drawing all lines in daily time frame go to 4H time frame and do exact the same thing that you did in daily time frame if you found 2 key levels are to much near you can delete one take the one which touch lot of candles 2 the candles that are touching the levels called CCL : Candle that created the level CSL1 CSL2 CSL3 CSL4 CSL.......100 : Candle that Supported the Level when you finish doing that change time frame to 5 or 15 minut and check how the candles react with these KEY LEVELS
COMEX:GC1!
by FTraderx25
BATUSDT is testing the key levelThe price had a breakout from the rising wedge after a false breakout from the monthly resistance at 0.43$. the price is testing the 4h support again, as you can see on the left that support is a key level for the price. How to approach it? IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
EURCAD Rise to channel Resistance + 100 PipsWelcome back! Here's an analysis of this pair! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
6