USDJPY - Descending triangle //Key level + Triangle\\Hello, great to see You here!
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USDJPY has a downward trend line and also we are close to a key level, which makes a descending triangle. We will need to wait to see how the market reacts if it bounces from the. trend line and still goes down or it breaks the trend line. If the USDJPY breaks the trend line, We wait for the confirmation candle. The confirmation candle will show us if We can enter the trade. I will be updating this post, so follow it! Also, the bounce of the trend line could happen, in that case, We will wait for USDJPY to make more moves. It might break the Key level and make more of a down movement. Either way, I will be watching the USDJPY and update You with what I do next.
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Remember to only use a max of 2% of your money on a trade.
I am not a "Financial advisor", so before doing something, do Your own research!
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For more free content, please press the "Follow" button and "Like" this post.
Thank you and have an awesome day.
See You soon,
Richard.
Keylevel
BTCUSD Buy from Key levelHello traders!
There is a major resistance that can push the price back to The key level where we are going to buy it.
If the market keeps pushing it upward the you can sell from 11100.
NOTE
Don't enter the trade when it touches the key level but you must wait for a bullish candle or some pattern and breakout or look at your indicator/moving average cross to enter the trade.
Good luck!
Hit the like button if my key levels helping in your trading and follow to stay connected.
SHORT XAU/USD.SHORT XAU/USD, ***IF there is a clear rejection around the current level, wich is on the 61,80% level of the fibonacci taken on the daily timeframe and it is also on the 1920.000 key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
BTCUSD: Ready for next tradeHello Trade! BTCUSD is very close to hitting the target and as I told you the target is also a sell entry for target 10500 but don't jump in the trade wait for your indicators for a sell signal after the target.
Hit the like button for support ad follow to stay connected.
previous analysis
AUDUSD - ID ENTRY LEVELS🙋♂️ Hello FX Community!
Check out my Intraday analysis for AUDUSD and my entry levels.
More information about my trading style:
I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come.
📲 In the chart, you can see the Long / Short levels into which I set a limit order and then when filled I manage those positions with the information provided by volume . If the market starts to create volume on the wrong side of the level, I try to end the position at the breakeven point or stoploss. My profit target is determined by chosen RRR or by key levels and S/R zones. If the market runs through them, they can be traded from the other side as well. Supports become resistances and vice versa.
❗️ First of all, when I have the level identified, I set a stoploss.
Stoploss is determined by several criteria. It must not be foo far and it must not be in an area that serves as a magnet, such as POC , Key Levels or a stoploss zone where the market runs out of liquidity.
Summary:
Stoploss is determined by:
✅ Pivot high/low
✅ Logical VolumeProfile zone
✅ Low-Volume Node and High-Volume node
✅ Outside key levels
🎉 Trade management rules:
✅ When I see two whole 5-minute candles on the wrong side of the level (for short level “above”, for long level “below”) I move my Take Profit to Breakeven point (entry level) and exit the position if possible, at the entry point if not, at stoploss.
✅ When 80% of the Profit target is reached, I move my stoploss to the BE point.
Hope it helps,
See you next time!
SHORT AUD/USD.SHORT AUD/USD, ***IF there is a clear rejection around the current level, wich is betwen the 50% and the 61,80% level of the fibonacci taken on the daily timeframe, it is also on the 0,72000 key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
LONG EUR/AUD.LONG EUR/AUD, ***IF there is a clear rejection around the current level, wich is on the 50% level of the fibonacci taken on the daily timeframe, it is also on the 1,63500 key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT USD/JPY.SHORT USD/JPY, ***IF there is a clear rejection at the current area, wich is on the 78,60% level of the fibonacci taken on the daily timeframe, it is also on a trendline dated from July 1st 2020 and it is on a key level. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
GBPNZD SHORTWeekly-Black Lines
Daily-Red Lines
8HR-Blue Lines
Has respected a few key levels from the Daily so will hope it respects the upper red resistance and
tap the 78.6% also the trend line and get the indicators from the 1HR time frame of 50/200 EMA and
candle stick confirmations to indicate a short position.
XRPUSD - Bearish flag //Key Levels + Bearish Flag + Long Term\\Hello, great to see You here!
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Also, don't forget to leave a comment down below, what do You think?
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XRPUSD has formed a bearish flag, broke through, and makes a bearish movement. It's like in a book of patterns, a beautiful strong move down, bearish flag, and more of a downward movement. Also, XRP is close to the key level - which is also a resistance. If We break through the resistance level, then resistance becomes a support, and We could retest the level. After that, possible downward movement till the next level, which is @0.17465. If this scenario does happen and We reach the 0.17465 level, it would be a good place to buy XRP (a nice gift for yourself). XRP in long term could pay off very nicely. XRP still needs time, it has been already tested in one of the biggest banks in Spain - Santander (between staff members, aprox. - 7 thousand employes) as a pilot program. Personally bought XRP at 0.14 cents per XRP.
The second scenario - We could have a bounce off the resistance level and form a bullish trend. That would be a good scenario for XRP holders, always nice to see green numbers, but patience is the key!
Remember to use money, You can afford to lose!
I am not a "Financial advisor", so before doing something, do Your own research!
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For more free content, please press the "Follow" button and "Like" this post.
Thank you and have an awesome day.
See You soon,
Richard.
SHORT GBP/AUD.SHORT GBP/AUD, IF*** there is a clear rejection around the current area. The market reached the 38,20% level of the fibonacci taken on the daily timeframe and also reached the 1,78000 key level (psychological level) and seems to be rejecting both of these levels. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
LONG GBP/NZD.LONG GBP/NZD, ***IF there is a clear rejection around the current level. The market reached the 1,91500 monthly key level (psychological level), it is also on a the bottom of a uptrend channel dated from October 3 2016 and the market is starting to be oversold (seen on the RSI). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.