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Keylevel

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)
Long
by Adriansjo
🏛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!↘️ ✅Like and subscribe to never miss a new idea!✅
Short
by ProSignalsFx
21
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.
Long
by jeafxtrading
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.
OANDA:XAUUSDLong
by jeafxtrading
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
by KNFX_TRADING
2
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?
by behnamkarimi6