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Significantlevel

EURJPY BUY (Signal #8)1. Reached zone 2. Respected zone 3. Confirmation with bullish engulfing candle The trade was confirmed after a bullish engulfing candle was formed on the 30M chart. We waited for the candle to close, it did and we entered. This is on a channel, so it is acceptable to buy on a slight downtrend as the channel is confirmed and could continue. Entry Price: 123.787 Take profit: 124.000 (20) Stop loss: 123.590 (20) The risk to reward ratio is not perfect. So we are risking very little on this trade.
Long
by ForexParadigm
USDJPY BUY (Signal #2)The reason we are entering this trade is because a clear significant level has formed. A level which price has been interacting with for weeks. Take a look at the chart: 1. Price interacted with this horizontal level for the first time, the bearish momentum was rejected 2. Price tried breaking this level again and failed 3. Price had a third attempt to break this level, making it a established resistance level after it failed again 4. The level was finally broken and now resistance has turned into a support level 5. Price retests the support level and continue going downwards 6. The level is retested again, price continues going downwards 7. The level is broken, price has turned back into resistance, as it aims to retest it again We enter this trade assuming this level will continue to be respected and it won't be broken to the downside. Although if it does, and we are wrong; we have placed a stop loss safely below it to protect our capital. Entry Price : 104.614 Take profit : 104.836 (20) Stop loss : 104.836 (15)
Long
by ForexParadigm
1
Ethereum at historical significant levelHi Traders.. Ethereum seem to be breaking out of a historical significant level that sparked the last parabolic move to the upside and was also significant when the level broke on bear market and ether lost 79%. At the break of this level we could see Ethereum leading a bull market. The breakout seems to have happened already but to confirm anything I'd wait until this week's weekly candle close above the level and search for good trading opportunities. What do you think? Comment, LIKE and Follow.
BITFINEX:ETHUSD
by TradingWithTheTrend
AUD/USD - 0.7000 Approaching!, Breakout or Rejection?Hello Traders! Hoping we all had a good start to beginning of a new week, as I've been looking more into COT Data, I've realised there are a lot of traders that are waiting for a short off 0.7000 level as 80% of retail traders are SHORT. Although looking at oscilating indicators the market has not reach an 'overbought' sentiment, meaning price may break our level and continue further. What Is The Market Telling Us? We have had a breakout of our symmetrical triangle, followed by a nice gradual uptrend towards our 0.7000 level Price has been ranging between our support zone and 0.7000 resistance level, awaiting on how price action occurs when level is met MAs are moving stagnant, meaning that there is no directional movement as of right now, possibly awaiting on more volume to come When Should We Enter? We must only enter once price has reached 0.7000 followed by reacting to what the market tells us to do If we are looking to go LONG, buy once price has broken resistance, retested and is followed by bullish signals If we are looking to go SHORT, sell once price has shown rejection off resistance followed by bearish signals
by forexwithfred
2
GBPAUD: Price Is AT THe Trendline & Significant Level $1.83000Hey There! Welcome to another new and exciting trade week! If you haven't started following me, please follow me, its free to do so :-) Hit Like and Share with your fellow Trader Friends/Acquaintances. I have decided to take another long opportunity on GBPAUD. This time I will be playing the support at $1.83400 right at the trendline. Will we find buyers at this support level? On our last GBPAUD set up we didn't have enough buyers in the market to take price pass the $1.86300 level. The sellers quickly came back in and drove price well below the $1.85000 significant level. Let's see if the $1.83000 level will find support and hopefully buyers will have the momentum to push price all the way up to the 50% Fib level. I'm being conservative with my stop loss and will only be risking 100 pips as the down trend on H1-Daily timeframe is still in tact. Here's the plan: Buy Limit at $1.83400 Stop Loss: $1.82400 Take Profit: $1.94400 Stay Tuned for updates. Please follow, like, comment, and share. Good luck & Happy Trading :-)
Long
by TishKunife
4
FCPO Price moving in channelPrice hit 2260 at the top of the trend line and reverse back into the range today. Price closed respecting the channel and the significant level at 2238 (again), and is Holiday tomorrow. Moving forward to Thursday, we may see bearish momentum pushing it towards bottom trend line and start moving in ranges, before any news / data releases that will build up any momentum. Also to observe the movement of CBOT - movement may affect the FCPO price direction.
MYX:FCPO1!Short
by kkgoh87