MrKTechnicalLevels

MrKTechnicalLevels

#USDJPY H1 Strategy: Last week's #USDJPY trade yielded significant gains, even though our final target of 157.20 was not reached. The 157.20-157.60 zone presents an attractive selling opportunity, characterized by the presence of an H1 order block and a significant fair value gap. If we observe notable rejection signals, such as one to two hourly red candles...

MrKTechnicalLevels Updated 

Our purchase at 2338 has surpassed all targets and is presently trading at 2366. If we witness an H1 closing above 2366, it could pave the way for 2380. However, buying at these elevated levels carries risk, particularly given that it's Friday, so I'll exercise caution. The range of 2380-96 might serve as resistance, potentially exerting downward pressure on the price.

MrKTechnicalLevels Updated 

Once the gold price surpasses and sustains above 2323-26 with M15/M30 closing above, the next challenge lies around 2335-2338. Upon an H1 candle closure above 2337-38, it signals a favorable outlook for a 200 pips upward movement, targeting up to 2358. The ongoing consolidation within this range indicates potential for a significant breakout. Post-breakout, the...

MrKTechnicalLevels Updated 

Finally Price has taken out the low of our momentum candle now our final buy order will be triggered when the 15-minute candle closes above 2314, targeting a minimum of 100 pips with an expected target of 2323-2329. For traders with an aggressive or higher risk appetite, entry can also be considered upon the bullish closure of the current 15-minute candle,...

MrKTechnicalLevels

#XAUUSD H1 SMC Based Setup #XAUUSD H1 SMC Based Setup #XAUUSD H1 SMC Based Setup

MrKTechnicalLevels Updated 

If we observe a bullish hourly candle closing above 2315, it suggests that gold may not face resistance until reaching 2329. Therefore, if we see a bullish hourly candle closing above 2315.50 , we could consider entering a small buy position with a stop loss at 2307 and a target of 2329 and if price gets rejection from 2332-38 area we can plan a good sell.

MrKTechnicalLevels Updated 

If the H1 candle for USDJPY closes bullish above 153.40, we will initiate a buy entry with a stop loss around 152. Our primary target is set at 157, but for a safer approach, we may consider exiting the trade at 154.50, aiming for a profit of 100-120 pips. If the price maintains its position above 154.50, we will hold onto the trade until it reaches the full...

MrKTechnicalLevels Updated 

#EURUSD H4 is currently at a critical juncture, presenting a decisive make or break scenario. Should the H4 successfully close above 1.0750, we can aim for a substantial buy opportunity up to 1.0847, offering nearly 100 pips with a stop loss ranging from 30-50 pips, thus providing a 2:1 risk-reward ratio. Conversely, if the price encounters rejection within the...

MrKTechnicalLevels

#AUDCAD is presently attempting to breach its resistance area, indicating a potential decline from this level. Traders may consider selling upon the emergence of a substantial red candle within this zone. Conversely, upon the occurrence of a daily or H4 bullish candle closing above the resistance level of 0.90717, we anticipate a notable upward movement of 100-150 pips.

MrKTechnicalLevels

#GBPAUD is approaching its Daily Demand Zone and Daily Order Block, approximately 250 pips away. Risk-takers may consider a sell entry till the demand zone of 1.87235-1.86023. However, our strategy focuses on a significant buy opportunity after price rejection from this zone, price has already been mentioned. A potential buy of 200-300+ pips could be captured...

MrKTechnicalLevels

The current price of BTCUSD is encountering resistance at the H6 supply area and facing rejection from this zone. Additionally, it coincides with the Fibonacci 0.50% level, which is a critical area for potential trend reversal. Above this, the Fibonacci 0.61% level is around 66000-67000, which also poses resistance. These two areas could potentially push the price...

MrKTechnicalLevels Updated 

#GBPJPY Has Potential For More Upside #GBPJPY Has Potential For More Upside #GBPJPY Has Potential For More Upside