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Keylevel

LONG GBP/JPY.LONG GBP/JPY, IF*** there is a clear rejection at the current level, wich is at the bottom of what could be an institutionnal uptrend channel, it is also on the 38,20% level of the fibonacci taken on the weekly timeframe and it is around the 132,500 weekly key level (psychological level). The market reached the bottom of what could be an institutionnal uptrend channel and it could be starting its fifth wave. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
Long
by KNFX_TRADING
GBPUSD: Entering a key decision zone!Good Evening! GPB/USD is entering a key zone as you can see from the chart it is in an upward channel, approaching the bottom and currently in a ket S/R zone. I caught 156 pips on the move down and will be waiting to watch the price action before confirming whether this will be a long or short entry! RSI is showing it is oversold so could line up well for potential long. Im expecting price to potentially retreat back to the trendline before coming to the bottom of the channel, I will wait for either the bounce of the bottom of the channel to take a long position or the break and retest of the channel before entering my position. BUY: If this does become a buy trade I will most likely be expecting price to rocket up to around 1.28 before exiting the trade. SELL: If this becomes a sell trade I will likely look to exit around 1.207 Let me know what you think and if any of you guys caught some pips on the way down! Thanks.
by Simple_FX_
5
ETHBTC |Key Level | Apex | Double Bottom Today's analysis – ETHBTC – consolidating at local support, nearing its apex as resistance converges Points to consider: - Trading at a key level (Apex) - 21 EMA (visual guide) - Double bottom - RSI neutral - Stochastics overextending - Flat volume ETH is trading at a key pivotal level, as support and resistance converge, a break in either direction is imminent. Price failing to break in either direction with multiple failed attempts substantiates both, local support and resistance as strong levels, indicative of the apex conducing high volatility. Further price development will allow the 21 EMA to act as a visual guide assisting determine the immediate direction of the market. Price trading above the EMA perceived bullish and below considered bearish. A possible double bottom formation is feasible and solidified with a bullish break of the down-sloping resistance, however, a break bearish below local support will negate the pattern. RSI is neutral, further price development will allow for directional bias, coinciding with the probable breakout. Stochastics are reaching oversold conditions and may remain oversold for some time, however, a valid buy cross will indicate momentum shifting on the macro time frame with stored momentum to the upside. Volume is flat and has been average for some time, usually indicative of an influx being imminent, likely to coincide with the breakout. Overall, in my opinion, ETHBTC is consolidating at a key level with impending volatility expansion, validating a trade in either direction as price breaks from its apex. Technical targets being daily resistance (long) or daily support (short). What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by Kudiiee
4
USDCHF "Continuation to the downside" Trading ideaGood morning traders. That are my actual thoughts on USDCHF. Overall market situation is a Bearish bias with clean lows and highs formed. 4H: Market made its Retracement into our "golden Ratio" Fib zone. Lower - TF Bullish structure shifted to bearish structure after break of the 4H counter-TL The 8 EMA also give us confluence. I will look for a last little push into the Price of 0.94900-0.95000 for a short opportunity. Good Trades ~Tradingpurpose~
Short
by Forexbasis
GBP/USD SELL SIGNAL Hey tradomaniacs, welcome to another free trade-plan . Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. GBP/USD: Daytrade-Preparation Market-Sell: 1,26150 Stop-Loss: 1,26840 Target 1: 1,25535 Target 2: 1,25100 Target 3: 1,24645 Stop-Loss: 69 pips Risk: 1% Risk-Reward: 2,3 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
4
DAX30 Key Levels D1, H4 and H1 + General thoughts for trading itThe stock market has been pumping and with things coming back to normal, we are going to likely be climbing back up to pre-covid19 levels, but nobody knows this for sure, so I find marking key levels of support and resistance helps me keep track of my bias so can take trades accordingly. Once the levels are nailed down the execution becomes the next task.... Next Monday If we break daily resistance @ 12870 and find support to test weekly levels @ 12940 then then it will be safer to stick to buys to mid-13000s. However, you can scalp sells with prices first reaction at these levels, for this i would recommend using the smaller time frames. If you have traded DAX30 you will know it can move harshly compared to the smaller indexes. If anyone has any advice on how they like to trade DAX30 let me know. Push like or leave a comment if you agree with my key levels. Thanks for viewing. Daniel UCFX
OANDA:DE30EURLong
by d_brennan_UCFX
USD/JPY - Key Level Reached, Bounce Or Break?Hello Traders!, Hope everyone had a successful week trading, here's my analysis on USD/JPY for the next week we have ahead of us What Is The Market Telling Us? Consolidation has been occuring for the past 2 trading weeks ranging from support & resistance Bearish fakeout has occured to STOP OUT retail traders from their sells to bring the market to a higher price Bullish crossover has occured Price has reached peak bullish volatility and is now halted by resistance level When Should We Enter? This scenario can go both ways, if youre LONG look for a clear break & retest of resistance before BUYING If you're SHORT, wait for a bearish candle close or a bearish pattern to occur before SELLING
by forexwithfred
2