Get started

Resistance_level

XAUUSD Kijun BounceWe got a touch of Kijun-Sen that got rejected on this pair (tellow circle). This happened while we just escaped the bottom range so it gives resistance at the bottom. With this in mind lower your position sizing. The Kijun future is sloping downwards and cloud is bearish. The future cloud does look a bit bullish however. Chikou span is free to move down as seen by the area I plot after Chikou. Stop right above kijun-sen and target I put at some previous low. I've added a short order at 1923 to grab some more on a small pullback
FOREXCOM:XAUUSDShort
by Honestcowboy
ETHUSDT is testing the supply area. The price retested the Fibonacci levels before the reversal, In this analysis I start from the monthly timeframe and draw the Fibonacci levels with the Fibonacci tool, and we can notice that the price tested the level 0.786 on the weekly timeframe with a double bottom on it. On the 4h timeframe the price had a breakout from the first supply zone (check my previous analysis) and now the price is testing a new supply zone on the 3200$ where the market has the Fibonacci confluence. How to approach? The price needs to have a new breakout with volume from it, and flip the 3260$ from resistance to support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
7
ADAUSDT is testing a weekly resistance The price created a descending channel on the daily timeframe and had a breakout from it. The market had another important breakout from a key level (1$) after the price created an Adam and Eve pater below the monthly structure. On the 4h timeframe the price is testing the weekly resistance on 1.2$ How to approach? The price needs to create a new breakout from the weekly resistance and retest as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
USDMYR Exchange RateLong shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate. If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking. You will be surprised, at how much more $$ it will bring you when you time your withdrawal. However, it is not a good time to pay using MYR for your USD commitment, SGD will be a better option(if you had stored SGD in advance). Never underestimate the importance of business planning from shifting your cashflow from 1 currency to another.
Short
by RaynLim
NQ Power Range Report with FIB Ext - 3/22/2022 SessionCME_MINI:NQM2022 - PR High: 14391.25 - PR Low: 14363.75 Evening Stats (As of 12:10 AM) - Gap: = N/A - Session Open ATR: 445.27 - Volume: 22k - Open Int: 205k - Trend Grade: Neutral - From ATH: -14.50% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14675 - Mid: 13500 - Short: 12390 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQM2022Short
by mv3trader5
NQ Power Range Report with FIB Ext - 3/21/2022 SessionCME_MINI:NQM2022 - PR High: 14434.75 - PR Low: 14395.00 Evening Stats (As of 2:00 AM) - Gap: = N/A - Session Open ATR: 460.68 - Volume: 29k - Open Int: 203k - Trend Grade: Neutral - From ATH: -14.50% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14675 - Mid: 13500 - Short: 12390 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQM2022Short
by mv3trader5
ETHUSDT is testing the resistanceThe price is testing the 2800$ resistance on the 0.618 Fibonacci level after a nice breakout from the 2770$ daily resistance. the market is testing the previous resistance as new support. How to approach? the price needs to grab liquidity for a new breakout from the 4h resistance on 2800$. If the price is going to have a breakout, we can apply our rules for a new long position. The New valid resistance is the supply zone on 3k. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
18
IOTXUSDT is testing the 4h resistanceThe price wants to retest the monthly resistance on 0.85$ after the retests on o.07 Daily support. on 4h Timeframe the price had a breakout from the daily dynamic resistance and now is testing the supply zone on 0.83 How to approach? The price needs to have a new breakout with Volume and confirmations from the Monthly resistance, After that, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
DX1! COMING INTO YEARLY RESISTANCE ZONESO it has been awhile since I have posted on here. But I figured this could be of some value since it has been a long time since the dollar index has come into this "danger zone" so to call. The nice thing with trading is it's only dangerous if we don't know how to approach the markets. As traders we are the ones that determine our results. Keep an eye on the dollar index as it comes into multi-year resistance. With the future plans the FED has with continuing to raise interest rates along with a strong previous week of buyer price action, I don't necessarily believe this is coming down this week but keep an eye on for the future to what the dollar does as usually the banks, government, etc. use these levels to determine economic decisions they make. 2 options here. 1st option is that the dollar continues this recent strength up into the top of this zone around the 103 price handle. Then we would have to see what price does from there. 2nd option is that price can react once again in this zone and start a bearish run for the US dollar. Keep an eye out and lets see how the FED rules the dollar and how the technicals play out! Cheers! @JosePips
ICEUS:DX1!
by JosePips
XBTUSDBTCUSD broke the bear trend, hats off to the bulls as I got stopped out, this is why risk management is so key in crypto, you win some you loose some. This would normally in the past signify we have bottomed however the amount of sell orders at 46 and 49 are a lot. We have recaptured our previous local trend line and are now wedging between the resistance and the local trend line. The more we can test the resistance the more likely we will be able to push through it given the buying momentum continues. Because of this wedge and the state of the world I am currently neutral. Normally finally being above the cloud on the daily and closing repeatedly above the cloud one would assume we are bullish however never discount the amount of sell pressure in this resistance zone. Looking at it from a time perspective one can conclude by March 13th we will know where all this is heading. This is not normal however it could be a good sign that we are not heading into a dark winter again. Key take away -Daily closes above the cloud Bullish -Broke Bear Trend Bullish -20 EMA/50EMA Bullish divergence Bullish -Testing resistance Bullish -Heavy resistance from 46k-49k Bearish -200 EMA looming at 49k Bearish -20EMA above 50 EMA but below 200EMA -Nuetral "At this time ladies and gentleman, I need to go the bathroom to throw up" -KewlKat
BITSTAMP:BTCUSD
by kewlkat
GRTUSDT is testing the 4h resistanceThe price tested the weekly support on the 0.33$ after a rejection from the daily resistance of 0.48$. On the lower timeframe, the price is testing the 4h resistance at 0.38$ . How to approach? The price is in the consolidation phase below the resistance and dynamic daily resistance. We are waiting for the breakout of it and retest as new support. Of course a breakout is not enough, the market needs to satisfy our rules for a new long position –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
10
SOLUSDT is testing the resistanceThe price is creating a descending channel on the daily timeframe and after a retest of the demand zone, the price bounced to 100$. On the lower timeframe, we can see a breakout from the 4h and 1d channel and the price is testing an important resistance on 103$ on the 0.618 Fibonacci level. How to approach? We are monitoring the price we want to see a clear breakout from the 0.618 Fibonacci retracement and daily resistance. If the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6