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Keylevel

EU Already up 90 Pips on week? beware of FOMO. After gapping up 40 Pips, then creating another leg up 50 pips Higher High to 1.07392 Daily Zone, I can see fomo kicking in. I think it's likely that we will see a harsh liquidity pullback to 1.06895 Daily Zone before a further bullish continuation on the week ( which just began! ) Already moved up 90 pips.. quite a move for EU during the first session of the week. Short term at least looking for fakeout during London Open (1st of the week). CPI on Tuesday, We'll see how the first few sessions of the week unfold here.
Short
by ShrewdCatfx
GBP JPY - Short Observed on Weekly Time FrameThe weekly chart for GBP JPY is telling a story. It starts with showing a broken trendline. As you can see on my chart, the trendline is broken to the downside and then retested (also retesting a major level of resistance). At this meeting point, a weekly pinbar is formed (highlighted in green). Price shows us a rejection as its reaction. There are only 3 main objectives from this point: 1. Set a stop loss 2. Set a target 3. Let price do its thing
Short
by JohnnyB61887
EURUSD Struggling 1.05860. Previous Key level. We can observe that price is pulling back after fed speech caused us to fall off a cliff. This was expected. A Bullish Argument would be buy Daily Support as we reject 1.05428 and NFP data tomorrow will catapult us back up to 1.0646. My bias remains bearish because of the weekly timeframe. Price has corrected 40% of the move on Tuesday. If that is a deep enough retracement or not idk. What matters for me as a trader is good RR Ideas and operating off key levels.
Short
by ShrewdCatfx
1
GBPJPY I Potential bounce from demand zone 🚀 Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
11
Eurusd could push further into Daily Zone at 1.07 Before SellersManufacturing data as anticpated, or missed slightly. Causing an initial decline in the EU Price. We are looking to close above 1.0657 on the 4hr for Buyers. Then I can observe it being possible for us to touch 1.07 and push deeper into the daily zone before we see sellers take over or range. If the Daily Candle closes like this, we will see a solid body candle.. and at the leasst expect a top wick on the next daily candle. Which, would be a nice intraday-move up.
Long
by ShrewdCatfx
4 HR ANALYSIS - Will GBPJPY FINALLY break out of this Flag?Hey guys, So, on my last post I said I wanted to see price come up to 163.500 to fill that imbalance on the left and also retrace deeper into the higher time frame bearish fib (it was already hit but I wasn't convinced that that was enough I needed it to at least pull up to the .618 level. So now that price has given us that, we just need to plan accordingly and see what price wants to do from here onwards. :) As always - I have more than 1 option just in case, but I would like to see GJ pull back before trending higher even if its temporarily. Option 1: Bullish Price may come down to either 159.500 or 160.500 to remove liquidity and accumulate sellers before it reverses and takes off bullish. It just looks too good to be true if it only trends bullish from where we are now or if it just reverses and drops straight from there Aswell. Remember - If it looks too good to be true, it usually is, and we know that the markets don't work like that obviously. Also, the overall sentiment is bearish for GJ so it makes sense to keep accumulating sellers and luring them in and then reverse from there. Option 2: Bearish Price may just want us to think its manipulating us to go bullish and may actually go bearish in the end so we can't completely write this additional perspective off because it is very possible. It may come down to 159.500 or 160.500 and then retrace from there and accumulate buyers only then to drop and continue bearish removing all liquidity from the previous lows over the last few months.
Long
by Pmilanoxx_
12
WC1202 EURUSD Outlook: Waiting for reversal to position LONGPrice is at a key zone atm. Markups and notes on the chart but essentially I am waiting for price to signal for a long entry -- potentially at the low of previous month or at the H4 OB / unmitigated demand area within the key zone (blue highlight). The 50% of the H4 OB is in confluence with the 27ext. This area is also a 50's level. Either way, I am looking to see price tap either and rocket up. If price doesn't want to further go down, and my bias is wrong, we are just going to wait for a break & retest of the 0700 level and hold to the upside @1.1200 area
Long
by RSC_FX