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Keylevel

Consolidation Before Market Open Signals Strong Move ComingGot a strong bullish wick on the 4hr chart, so it looks like Bitcoin is still very bullish right now. So should at least look for it to make a new higher high once it passes the 62814.64. But it's still got to break the daily zone area of 61747.33 in order for that to happen. It's very possible that it will drop again, but let's cross our fingers for the BULL contamination. BULL TP: 68132.89 with new levels added as price continues to go up. BEAR TPS: • 59603.93 • 58363.38 (monthly area, may pivot for buys here) • 57231.56 • 55777.98 • 54364.49 • 52953.39
BITSTAMP:BTCUSD
by NikaJourney
XAUUSD at a key level!Based on the chart, for XAUUSD, price reached a major support area and a rejection is about to happening but it's not completed yet! So at this moment we can have to different scenarios that we are talking below: ---------------------------------------------------------------- 1. Price rejection from the support level is completed and the price moves up 2. The rejection of price will fail and the major support area will break. Then we've to be ready to sell at the pullback. ---------------------------------------------------------------- So what do we think about the price movement right now? Currently we have more bullish bias about the next movement of price. So let's check our reasons: *************************************************** 1. We are in bullish trend ( Bullish ) 2. Price reached to the bottom of a bullish channel ( Bullish ) 3. Price reached to a support area at the moment ( Bullish ) 4. RSI(14) is in oversold area ( Bullish ) 5. It has been a strong bearish movement which lead the price to the bottom of the channel ( Bearish ) *************************************************** So based on the following scenarios we can still have bullish bias otherwise the scenario changes. However consider that these are different scenarios and we do not have enough proofs for buy or sell right now (That's why we set this analysis as Neutral ) But let us see what do you think about the next movement? up or down and why? please bring your reasons and feel free. Your idea is always valuable to us! Good luck and thanks for supporting us!
FOREXCOM:XAUUSD
by Brian_Philips
EURGBP is in a key level!At the moment price reached a very important area for EURGBP and we have two different scenarios for this case: ---------------------------------------------------------- 1. Wait for rejection and buy for a bullish movement. 2. Keep looking on the chart and wait for the breakout. then sell at the pullback. ---------------------------------------------------------- So it can be a good trading opportunity that we can focus on it in the following days. We will update this post step by step and see what would be the best decision for this currency pairs. Please share your idea about it and bring your reasons. Buy or Sell and why? Thanks for being & supporting us. Good Luck!
by Brian_Philips
Waiting for retest and buying opportunity with XAUUSDH4 time frame. Structure: Uptrend. The downtrend and Key level 1785 have been broken. Here, there are 2 support levels to watch out for, 1785 and 1770. Wait for the price to retest and appear a bullish pattern, then you can enter buy orders at these support levels. The profit target is the 1832 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
OANDA:XAUUSDLong
by tradafx
Wait for a buying opportunity with AUDCADH4 time frame. Structure: Downtrend. After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared. Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities. The profit target is the 0.92700 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
Selling Opportunity with GBPUSDH2 time frame. Structure: downtrend. After an upward move to the 1.36000 resistance, a double top with divergence signal is now forming. Wait for the price to break the 1.35500 price level and have a retest to confirm the downtrend, then you can find a selling opportunity. Mục tiêu lợi nhuận là vùng giá 1.34000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
1
GOLD LOOKING BEARISHAfter last weeks breakout to the upside following the falling wedge formation. I posted the setup and it played out, however I went over Gold on a larger scale and we seem to still in a bearish trend coming into the week of NFP because on the weekly timeframe that bullish move we had on Friday seems to have been a retracement to the 38.2 level on the fibonacci and we have a head and shoulder formation at that level now on the 1H and 30m timeframe. I am bearish on Gold till further notice. Will update as time goes on, stay tuned! Good Luck. God Bless!
FX:XAUUSDShort
by ZeroIn_Traders
USD/JPY REACHED THE HIGHEST LEVEL SINCE MARCH 2020The US dollar traded higher against all the other major currencies on Tuesday and Wednesday. The most currencies it outperformed are GBP, NZD, and AUD, while it eked out the least gains versus EUR. The rally of the US dollar across the board, especially against the commodity-linked currencies Aussie and Loonie and against the pound, which has been acting as a risky asset lately, suggests that market sentiment deteriorated again yesterday. Indeed, turning our gaze to the equity world, we see that major global indices were a sea of red, tumbling on average nearly 2%, as US Treasury yields kept marching north. The only exception was Hong Kong’s Hang Seng, which is up 0.51%. The US dollar continues to show plenty of strength against pretty much everything, and that, of course, includes the Japanese yen. With that being the case, it looks like that the price is threatening the ¥112 level now, which key resistance level and the highest level since March 2020. If the upside continues, USD/JPY will likely challenge 112.00 above, and the next level to watch is 2018 high at around 114.00, followed by the 2017 high at 115.00 or far away on the north at levels around 118.00, which is so optimistic in a short term projection. As seen, the area between 112.00 and 112.40 is a long-term barrier. A consolidation above should clear the way to more gains. On the flip side, levels around 109.00 are the immediate support on a weekly chart, and a slide below could point to some stabilization in the mid-term. The next strong support stands at 104.50. Looking at our oscillator indicators, we have to notice that MACD formed convergence on the weekly chart, and some price action signal on a minor chart will activate the bears to take into the market. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) 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.
by legacyFXofficial
Waiting for the opportunity to sell with BTCUSDH4 time frame. Structure: Downtrend. After the price continued to down and broke the previous support at 43000, the price is now forming a triangle pattern, which is likely to retest the price of 43000. To be safe with this pattern, you should wait for the price to rise and appear a false break at the price of 45000 and appear a candlestick pattern for sell orders. The profit target is the old support zone at 40000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
COINBASE:BTCUSDShort
by tradafx
5