$CVS at 74 Key Level - Bullish Above74 has been a key level for the past few weeks. CVS is looking to break it and rally in the week before earnings. I've bought march dated options in anticipation of this.
Keylevel
GBP/JPY - Classic Simple SetupsA really simple analysis on GJ for you guys today!
More classic Break and Retest Setups on this pair - In line with the HTF bias we've been talking about for some time! Mark key levels - wait for breaks of these key levels - then wait for a retracement to test your marked key levels. See confirmation? Enter the trade?
If you don't know what this means, just drop me a DM!
2 big potentials looking for EURAUDDuring the last 2 months, we have seen price go in a bearish trend into the 1.56 support range, now we're seeing price repeat a similar bearish downtrend down towards that 1.56 support range. Currently waiting for a retest back downwards and an obvious reversal for my Long entry. (if we see price break support it doesn't mean look for short positions right away, wait for the retest, and find a good reversal for your position, look for TP with past supports)
🏛GBP_JPY RISING WEDGE AT KEY LEVEL↘️SHORT🔥
☑️GBP_JPY is very bullish at the moment
However, the pair has reached a strong resistance level
Which you can see on the 3 day chart on the left, which is a bearish signal.
Then, on the 3h chart on the right you can see a rising wedge pattern formed
Which is a bearish sign for us as well!
Therefore, we can expect a pullback from the strong level+pattern
Which is why we are waiting for the breakout of the wedge for confirmation
And then we will short the pair with 3 targets in sight!(IF breakout happens)
SHORT!↘️
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AUDCAD - BREAKOUT SOONThis is my personal view and i do believe the price will either break out the support area or resistance level, Wait for price action to make entry and trade at your own risk.
GBPJPY BuyPrice could break through the first key level before pushing back up, ideally id like to see multiple wick rejections at the key level on lower time frames before entering a buy.
NZD/JPY - Solid Break and Retest SetupNZD strength prevailed throughout the week as NJ pushed higher. We can see a break of our top key level here on the 4hr chart, a retracement before a strong bullish bounce off the level breaking previous highs.
What will we see next for this pair?
LONG EUR/NZD.LONG EUR/NZD, ***IF there is a clear rejection around the current level, wich is on the 1,66500 monthly key level (psychological level) and it is also on the -27,20% level of the fibonacci taken on the weekly timeframe. There is a divergence in the market (pink lines on the chart and on the RSI), wich suggests a possible move to the upside. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
GBPAUD Swing Long PositionI am looking towards GBPAUD for a large swing long trade to the upside.
Based on the Daily market structure I anticipate GBPAUD will move higher towards 0.82000 in the mid to long-term. The market is clearly showing signs of reversal from a downtrend to an uptrend. After finding support on the 1.74500 Key level & demand zone the market has retaken some of the structure highs putting GBPAUD into the early stages of an uptrending move.
From here a healthy retracement is to be expected and I can see GBPAUD coming as far as 100-200 pips lower to re-enter the Daily demand zone between 1.76250-1.77250 for a reversal to then occur. We should be monitoring 4H structure within this zone for a shift from down to up. If the market can form some structural breaks and begin printing higher highs & lows out of this zone then we can expect it will begin to move higher from there, targeting the 1.8200 Key level resistance.
As always; be patient, trade logically & manage your risk in a professional manner.
GOLD Swing Long Trade | Next Stop 1950?Gold is providing a potential swing long trade setup towards some Daily key levels.
I a seeing potential here for the Precious Metal to make a significant move higher towards $1925 & $195 in the medium-term.
As you can see on the Daily chart, Gold formed a strong bounce from the $1810-$1815 demand zone printing a large wick and indicating that buying pressure is strong within that zone. From the bounce the market formed an accumulation phase and a bullish break of structure confirming the formation of new bullish orders. The commodity is now trading within the boundaries of the accumulation range and I expect it to move slightly lower before providing an opportunity to buy.
For my entry targets I am primarily focused on the 4H demand zone at $1828, but the doors are open for price to trade once again into the $1810-$1815 demand zone, so no entry should be rushed. As traders we are here to REACT not PREDICT so the best course of action for this Gold swing trade will be to wait patiently for 4H confirmations adopting a 'top-down' approach to the market at $1828. If no confirmations form you can continue to wait until the market gives you something to work with back in the $1810-$1815 range.
For my targets I am looking towards the $1925 Daily supply zone & Key Level, and the $1950 major resistance. I see precious metals moving considerably higher long term, but for this swing long 100% of my profits will be taken at the $1950 level.
As always, be patient, manage risk & trade logically.
Bullish top down analysis Smart Money over all trend is bearish . but price rejected M bullish ob in daily price action show aggressive buyer in market .. so looking for buying entry will be in m15 0r m5
EURUSD-Weekly Market Analysis-Jan21,Wk4EURUSD is back to a structure resistance, within the zone of consolidation hides 2 harmonic patterns, namely an AB=CD Pattern and Bearish Gartley Pattern.
A retest to 1.2187 would be ideal for a shorting opportunity, however, if it ends with a bullish engulfing candle wouldn't be ideal and an indecision candle is essential for any thoughts for a shorting opportunity.
EURNZD - RSI OVERSOLD - 50 PIPSBased on my analysis and theory on EURNZD, I am expecting the price will start rising as RSI is showing as oversold at this time (along with support area as you can see in the image).
Wait for a clear up trending and price action before making any entry!
About 50-60 pips up for grabs with this trade, this is short-term trading.
Trade at your own risk and know your limits!
GBP/USD - Another Test of 1.37We're currently at 1.37 once again. We tested this level yesterday and saw a strong bearish bounce off the level. Will we break this level today?
In yellow highlighted circles we can see all the previous tests of 1.37 and strong bearish rejections. This is combining a key level in the market with a whole psychological level that often acts as additional support and resistance.
Happy Trading!
SHORT NZD/USD.SHORT NZD/USD, ***IF there is a clear rejection at the current level, wich is on the 50% level of the fibonacci taken on the daily timeframe. The market broke an uptrend channel and is now retesting resistance wich was previously support. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT EUR/JPY.SHORT EUR/JPY, ***IF there is a clear rejection around the current area, wich is close to the 50% level of the fibonacci taken on the daily timeframe, it is also on the 126.000 weekly key level (psychological level) and on a daily key level. We can also see that there is a divergence in the market (pink channel and pink line on the RSI), wich indicates a possible move to the downside. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT GBP/JPY.SHORT GBP/JPY, ***IF there is a clear rejection around the current area, wich is on the 61,80% level of the fibonacci and it is also on a daily key level. There is also a divergence in the market (pink lines on the chart and on the RSI), wich indicates a possible bearish outcome. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
Short OpportunityAUDCHF currently sitting at monthly resistance and rejecting on the lower time frames. I am expecting one more test of resistance and then a retracement to the .382 fib level.
EUR/USD - Double bottom formation at our marked key level The euro continues to resist dollar bulls by holding this level.
Long wicks to the downside in recent price on the 4HR show bulls trying to push price down and break this level but failing.
Can see price might trade in this 50 pip range for the rest of the week. However, be ready to adapt your directional bias if we see a price break down through this level.
Happy Trading folks!
BTC Hourly Updatewe had really nice correction for Bat Pattern as i mentioned at the previous BTC Update. After that we see that price is trying to recover itself again.
as you see we have also symmetrical triangle pattern too. there is two strong key level around 40K and 30K which act significantly as support and resistance.
and two vital level as i mentioned as blue are very important in the chart that need to hold.
there is two possibility for price action:
1: going up to the key level, make a double top and start to falling down or break out from triangle and falling down
2:going up and stabilize above the key level and going to hit new ATH
what do you think?
BTCUSD Key Levels & support and resistanceHello traders!
These are the key levels of BTCUSD to look for trading.
I am expecting a drop in btcusd and it will break all the support to hit the key level below.
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Can we touch XTZ ATH in Weeks?we see very good rejection with long shadow from lower Ascending channel
and also strong weekly support at the same time, before the touch of channel
we have had many rejections from key level which make it more stronger.
after the powerful rejection, we see a green shouting star and then good
momentum with great engulfing candle as you see. with all of this signs i am
hopeful that we can touch ATH in few weeks and maybe great break out
to the new ATH .
XLM - Neutral/Bullish - possible long or dip?XLM is currently at a key level. If we can hold this level we are at least good for the time being in my opinion. I am currently neutral as I think there could be an apportunity for a long or a short here. After last ATH bulls found fairly strong resistance at .382 fib and equally strong support at .5 fib and we are currently hovering above the previous resistance, if this can hold as support (which over the past 2 days has done) then I think we are good to retest the $0.40 but may find some resistance along the way around $0.30 - $0.35 (.236 fib) If we can hold then its onwards and upwards IMO.
However, we went for a brief try at the .5 fib but bounced back almost up to .236 within a day so if the current level breaks downwards then I would expect the next support at around $0.18 ....... I think there may even be some sideways movement so for now I am monitoring this.
Rememeber, always DYOR and I am not a financial advisor and this is not financial advice. I am just a normal guy documenting my way through the Cryptosphere and learning along the way.
