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Levelsandzones

EURCHF - Consolidation opportunityAfter a significant downtrend from 1.20 down to below 1.00, the EURCHF pair is now consolidating on the daily timeframe. Similarly, the Sentiment Index at the bottom is consolidating. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation). The opportunity now is to trade the pair within the consolidation considering it's very large and clearly identifiable. Remember to stay patient and always look for confirmation from the indicators!
by a.b
Possible SELL opportunity on CADJPYThe CADJPY pair might offer soon an interesting sell opportunity assuming a trend continuation scenario. After a recent uptrend, the pair is currently moving between a major resistance (downward pressure) and a major support (upward pressure) with the latest move being a significant downtrend. A SELL opportunity might form if: The Breakout Pivotal Bars turn bearish (candles colored in red) in the blue circle at the top The RSI Exhaustion becomes Bullish Exhausted (RSI line gets colored in green) in the blue circle at the bottom (around 50) If instead, the pair starts to consolidate around the current level (moving pretty much sideways), the subsequent scenario might turn to the bullish side. Either way, remember to do your analysis, be patient and always look for confirmation from the indicators.
by a.b
LTCUSDT compressionA breakout opportunity is forming on LTCUSDT. The pair is currently consolidating after the recent downtrend that formed several tops and offered multiple selling opportunities. Price movements are increasingly compressed and will eventually break. The same compression is building in the RSI Exhaustion indicator at the bottom. As of now, the breakout could be either to the upside (trend reversal) or to the downside (trend continuation) so let's just wait and see when the breakout comes. Remember to do your analysis, be patient and always look for confirmation from the indicators.
by a.b
CADCHF Swing I Headed down +150 PipsWelcome back! Here's an analysis of this pair! **CADCHF - 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! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
#ES Futures 06.07.22 Overview and Levels to WatchYday we tried to extend out of our Key Resistance at 4143.75-4137.50 and as mentioned pre market holding above that level should give us a test of 4168-4162.25 BUT reaching T+2 high at 4179 was the what we were looking at for continuation higher which we failed to do and came back in under our Key Resistance which was the first sign of weakness, we did sell off from Key Resistance but we only had enough supply to reach and break 4123.75-4119.25 level and inability to get to 4103.25-4099.75 told me that we will not test the lows at that time. For Globex I was looking to see if we can down in this area and get under T+2 low at 4096 and we did which tells me we have supply and we are under T+2 low so we can expect some more selling, how much is the question. Today if we get under Key Support at 4084.50-4077.25 then that can give us a test of lower levels, a lot of people will be looking for a big break down from here but I will be cautious because the position is still below us and we are still inside the range from the 27th that is sign of strength to me so I will be monitoring lower levels for response if we do break support and head lower, on the downside we have 4061.50-4056.50 and 4046-4042.25 where I do want to see us hold ideally, if going down big volume then can also reach next Key Support at 4030.75-4025.25. So far market is still in balance in our 4170-4160 range but we should have enough supply built up to flush the Key Support and see how much comes out. On the upside if we do not break Key Support and reach next level down at 4061.50-4056.50 then we can see a rotation back to 4103.25-4099.75 and 4123.75-4119.25 where we should see sell response or if we break support and come back in with volume. As stated in Sunday weekly overview I would like us to flush this 4084.50-4077.25 level and then come back into this range for better confirm, will it all happen today or happen at all we will have to see in RTH. 4143.75-4137.50 has been my Key Resistance and 4084.50-4077.25 Key Support for a week now and it will stay so until we break and reach next Key Levels.
CME_MINI:ES1!
by HollowMn
#ES Futures 06.06.22 Overview and Levels to Watch for the DayFriday we got a close in the middle of our 4143-4077 range, Globex failed to continue lower and break 4103.25-4099.75 level and reach Key Support at 4084.50-4077.25 instead we got a push over our Key Resistance at 4143.75-4137.50. Question today is do we hold above our Key Resistance and get continuation higher or do we come back in? We are currently inside our T+2 Range and inventory is long from Fridays Close, do we see a correction to the inventory or will this move hold and keep going. I am more on the cautious side today but failure to reach lower levels is a sign of strength and if we did clean out all the sellers above then could see a continuation today. On the upside holding above Key Resistance of 4143.75-4137.50 could give us a test of 4168-4162.25 then will be watching if we can reach T+2 high at 4179 if that goes and we get through 4191-4185.50 then we can see our next Key Resistance tested at 4220-4214.75 and maybe levels above but T+2 High area will be the tell if we get there. On the Downside getting back under 4143.75-4137.50 is our first sign of weakness and can give us a test of 4123.75-4119.25, 4103.25-4099.75 and always possible to see a run at T+2 low and key Support area of 4084.50-4077.25. Overall still seeing indecision and market doesn't feel clean for a move out yet but keeping it open and just monitoring for continuation at the levels to see if we accept or not.
CME_MINI:ES1!
by HollowMn
MATICUSDT market structureStrong levels represented by solid lines. Less significant levels represented by dashed lines. Trendlines represented by slanted lines. More often than not, price action is choppy with much overlap between candles. Strictly following definitions for swing high/low could leave us with a market structure that is just unworkable. Our intent is simply to identify those key turning points which stand out on the chart as the most obvious levels, and therefore offer potential barriers to future price action.
M
by Deviantor_Wayne
TGT: All levels of interestTGT (Target), consumer defensive play crashing on bad earnings and inflation concerns.... Weekly chart. Now oversold. Can we go lower? Here are the levels I'm watching to enter: - 139.30: I'll be buying if we reach that level. If it holds it will be a long term investment for me. If it just bounces and drops, I'll be selling and looking for the next level. - 90-82: is the second zone of interest I'm watching. If we reach this zone I'll buy stocks as a long term investment. Trade safe.
NYSE:TGT
by Elpidaldo
ETHBTC support and resistance areasSupport and resistance are created by the decision making of market participants, as they operate within an environment of uncertainty. Decisions to buy or sell are made through referencing current price against previous areas which caused significant emotional response, in particular those areas which led to regret of missing out on opportunity, or those areas which trapped traders in losing positions. There are other factors involved, not least of which is the simple self-fulfilling prophecy.
by Deviantor_Wayne
KLV Long 🍒*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== Today marks 12 months since my last KLV chart... Looking prime to ride. My strategy remains the same, long-term hold. Using naked price action analysis: 🔸 ATH , Volume , support / resistance zones, channels and levels 🔸 For Trading: Suggested Entry, SL & Exit points are my theory only. 🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way on dips only. As always, watch for volume . Do your own research, check on-chain data. Always be watching BTC . NFA . Good chat.🤖 My last KLV chart:
Long
by CryptoZani
1
BTC TA for the coming week - levels to watchHi everybody, here is my BTC TA for the coming week. It indicates all levels of relevance. The areas surrounded by thick grey lines indicate large high volume areas. The "zones of interest" within those areas indicate high volume zones which attract price. The POC and NPOC levels of course also serve as a good reference point for where price may be headed. The green zones in between the larger areas indicate low volume zones where price tends to return to or shoot straight through. Then in between are some basic S/R lines that may be of relevance. If you like the chart, give me a thumbs up. Enjoy your week, everyone!
by mapav
The Level is Good Until it's Not (A Lesson in Supply and Demand)G'day, Traders! Despite wars and rumors of wars there are always opportunities to be had in the financial markets, particularly the Energies markets.  The purpose of today's trade example is to demonstrate that once a level of Supply and Demand are created in the financial markets, the rule of thumb is that a level is "good" until they are not... that is, until all the unfilled orders inside them are processed. No matter how old a level may be, they do not go "stale".  Let's look at a trade which closed in the opening minutes of the market at 6PM EST on Sunday March 27, 2022: A long opportunity became available to us on the 4-hour chart on Crude Oil Futures in the wee morning hours of Wednesday, March 5 (2:36am to be exact!). That morning (after having the required coffee and bacon as part of one's trading routine) there was plenty of time to evaluate the trade setup using Supply and Demand analysis. When a trade like this appears and meets your rules-based qualification system, you can then give yourself permission to take the trade. The destination (a.k.a, Target) needs to be an opposing level of qualified Supply. The interesting part, and hence the jist of this article, is that no matter how old a level is, "a level is good until it is not." The level of Supply identified was from July of 2008 – almost 14 years ago! It is treasure chest full of sell orders that was created in 2008 and hasn't been touched since! As you can see from the chart, price entered that Target level and ricocheted right away like a cat on a hot stove! If you drill down to the 1-minute chart you can see that price stayed at that level for a full two minutes until all the Buy Orders were exhausted and the sellers were back in control, driving price back down. When trading via Supply and Demand, don't worry about how old a level is... if it meets your criteria of being a quality level, take it! As always, Trade Well!
NYMEX:CL1!Education
by ocaptain