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Keylevel

🐂🐻USOIL Long and Short scenario USOIL has been very bullish as an effect of the ongoing war between Russia and Ukraine. Oil has presented a double bottom setup which could lead to a continuation, this analysis is linked below. Currently, there are two possible movements I am expecting, marked up on the chart above. There are a lot of buyers hanging around the 100.00 price level, and if price breaks below this level I do believe we will see oil tumble and bleed. Price breaking the 100.00 price level would also confirm the head & shoulders, giving even stronger confluence. A falling wedge is our bullish setup and I will be looking for long entries once bullish market structure starts to form on the 1H chart. As the market moves I will update on my views so make sure you follow to get the latest updates. TVC:USOIL
TVC:USOIL
by WAR_ON_FOREX
BlackRock Inc (BLK) on a key support level zone. BlackRock Inc. is the world’s top asset management firm, with around $9.5 trillion in total assets under management. The company is incredibly broad, serving institutional and retail clients and serving as a leading provider of both active and passive investing vehicles. The company reported Q4 2021 results on January 14th, slightly beating expectations for EPS but missing on revenue. This was the 10th consecutive quarter for which BLK exceeded expected EPS. During the Covid-19 crisis, even the Fed trusted BlackRock Inc. to manage its funds. Currently, the shares are trading at 32.3 below the fair value, with forecast to grow 7.82% per year and pay a reliable dividend of 2.78%. The experts' consensus 12-month price forecasts for BlackRock Inc have a median target of 874.00, with a high estimate of 972.00 and a low estimate of 720.00. The median estimate represents a +24.58% increase from the last price of 701.56. Looking at the technical picture on a weekly chart, the price stop at the key support level of 50% Fibo correction level taken from the lowest price level reached in March 2020 and almost touched the 200-EMA. Looking at our oscillator indicators, we see that the price is in an oversold zone according to RSI and MACD. It is important to notice that if the price closes around that levels this week, it will form convergence. If the price starts to grow, it is possible for and test to reach 61.8Fibo level around $740.00 per share, and the bulls may decide to take a break after testing that zone, thereby allowing the rate to correct lower. However, if they are willing to recharge, the investors would expect the forthcoming positive wave to overcome the new high at the $973.00 zone. To start examining the bearish case, the traders would like to see a breakthrough at the key support level around the $663.00. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFDs) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NYSE:BLK
by legacyFXofficial
BTCUSDT two key levels to watch!The price is testing the first support of the ascending change, where the price created a nice daily candle with a false breakout and hold the 40k support. In 4h timeframe, the price is going to create a descending channel below the weekly resistance. Now we need to monitor two levels, the weekly resistance for a long scenario and the daily 4h support for a deep retracement. So how to approach it? IF the price is going to have a clear breakout from the weekly resistance (above 42k ) we could see a new bullish impulse on 45k, otherwise if the price is going to lose the 40k, the next valid support is 1.13 Fibonacci Ext, 37k ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
12
The 3 most important levels to knowHey traders! In this video we go over the 3 most important price levels to know to find key support and resistance levels. More improtantly right around these levels is where the most action can take place in a trading day hence they are very important to know! As an example the trade we shared earned us around 50 pips pretty easily and we, at the time of writing, have another 31 pips on that 2nd short we took with you guys live! Hope this video helps and we will go over this in more detail soon! Happy Trading
OANDA:DE30EUR
by PrimedGroup
2
AXS, how to trade using KEY LEVELS? FREE education!Key Level. How can a common tool help you to earn more? Let's take Axie Infinity (AXS) as an example! A key level is a local minimum or maximum. It can be clearly marked after a BIG price movement up or down (points of extremum). Key levels are often the price of 1, 10, 50, 100 dollars, because many traders pay attention to this numbers. On the chart we have marked two key levels: 1. lower (for longs) - $44.68 2. upper (for shorts) - $72 When to open a trade: 1. on a test of the key level as support or resistance; 2. on false breakdown of the level. IMPORTANT: IN BOTH CASES, VOLUMES MUST INCREASE! It`s an indicator that a big player opens a trade too! Using the KEY LEVELS you could earn: +62%, +62%, +38%. Risk to reward for these trades from 1:7 to 1:14(!). It's a good statistic, right? If you still have questions how to use the key level and what tools can be used to increase your profitability - write in the comments or to the DM. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Education
by Yuriy_Bishko
12
BTCUSDT is testing the key level! On the upper chart (weekly timeframe) the price is testing the previous weekly resistance as new support, 0n 0.5 - 0.618 Fibonacci level. The current Weekly candle needs to close above the weekly structure. On the daily timeframe, the price is creating a channel between the monthly structures (32k and 48k) on the 4h timeframe, the price is creating an ascending channel and the price is testing the 0.786 Fibonacci level on the weekly support. How to approach? The price is in a key zone. If the price is going to hold the weekly support we could see a bounce until the previous daily resistance on 44800, where the price has the M's neckline. Otherwise, If the price is going to lose the support, the next Valid support si 40k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
10
XAUUSD | Perspective for the new week | Follow-up detailsWith a new key level identified at a $1,920 area, having an open position above this level appears to be reasonable considering the present structure. See the link below for my thought process prior to the decision to buy the Gold. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
NZDUSD D1 Swing Trade Position Analysis Descriptive breakdown of what I am looking on NZDUSD for this upcoming week. Price has previously following a downtrend making lower lows & highs. Price has formed an inverse head on shoulders formation, & the neckline has been broken which aligns with resistance structure of the previous downtrend. Price now is steadily forming a series of higher highs & lows on the lower timeframe (H4-H2). Now that price has broken above this key level zone, price has retested broken resistance as new support & has reacted twice off this daily key level of support. Next week, I am anticipating for price to make one last retest of the support zone for a 3rd rejection / retest, to active buying positions & my upside target will align with the descending trend line & powerful resistance zone. Hope you enjoyed my breakdown feel free to drop a thumbs up if you agree or comment if you would like to discuss! Lets have a great trading week & stay ahead of the game :)
Long
by Profound_Ambition
2
EURUSD Key Trading LevelsHey traders, Today I'm going to give you a drawing on the EUR/USD one hour chart. Just things to have a look for if you're looking at day trading this in the future. We have got a lot of noise, we are trading in some ranges. So I wanted to prepare some areas in which you could look to either trade around or take into account before taking any trades. The orange marked areas, the weak resistance and weak support is sitting on the chart. While you may look at this and say that they look strong, look how many times this bounced off of that area, well, the reason I've actually noted it is weak is because it has already bounced off of them both many times. You can see the week support, we've tested it three times and usually not much more testing needs to be done before it's broken. Underneath that we are followed by the weak demand just below that support. We've also tested that area already. We managed to break it, but it was a bit of a liquidity grab then a push higher. So we kind of absorbed all the outstanding orders that were left there, I'm not sure if there will be anymore if price manages to get down to that level. When looking at it as a blind chart I'm favoring to the downside, maybe down to that lower stronger demand but We'll see how it plays out. I think this channel we're currently in is going to break out soon. Let me know what your thinking on the EUR/USD. It has been very flat and very evenly priced around this $1.10. I am interested to see your view.
by the5erstrading