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Criticalzone

fkli has come to a decision point finally fkli has come to a decision point/critical point, where it will break higher to retest 1620...or move back lower to 1560 support level... this is the resistance level of 1587-1594 which it has retested multiple times in the past... so watch out for breakout...! IF break higher, long...IF breaks lower, short... current resistance : 1587-1595... support : 1560 critical support : 1480 - 1500 this is juz my trading journal and idea, trade at your own risk... gud luck and gud trading, pliz like and share....if you like my ideas, plz follow to get updates...
MYX:FKLI1!
by HAIDOJO_trading
2
lower highs are formed for fkli_junenot looking gud for fkli as more lower-highs are formed in hourly chart...IF the breakout of 1486-1490 happens, we shall see more selling pressure...the gud news is, june is " windows-dressing" month...so probably we will see some uplift during the last few days of the month.. immediate and critical support : 1486-1480 immediate resistance : 1515 - 1520 depends on SMA-200 strategy : short on rebound or wait for breakout of 1486 support...
MYX:FKLI1!Short
by HAIDOJO_trading
AUD/USD SHORT Looking at this pair the AUD/USD price is consolidating in a key area between the 50% level on a Fibonacci retracement with highs dating back to 2018 (0.8000) and low (0.5800) March 2020. Fibonacci levels match up almost seamlessly with previous highs that have been tested and retested multiples times which can easily be seen on the highers time frames. One noticeable price level (0.7000) when drawing a fibonacci extension tool from the low in march against smaller retracements on the daily time matches almost seamlessly as well with the 1.618. A retracement is expected based on these critical levels, however these zones serves as price action zones which means price can either bounce off these level or breakthrough them into a full time bullish trend. Therefore a keen eye should be kept on previous highs and also the 50% and 61.80% for a continuation trend. For the SHORT trade if price continues to trend, break and close below the 50% level target profit 1 can be set at 0.68500 and a riskier profit would be around the bottom of the weekly support (0.97500).
Short
by JordanRoyalLafayette
AUDJPY (3D) - The choice is yours.Nobody knows where price will go! In these sort of zones anything can happen. I always look to higher time frames like these to understand any price vacillation on lower time frames. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
Gimme hope Joanna gimme hope for this ship to turn around!Hey all, As we can see the contago play is off and be aware that the street is always smarter than me and you and the good Q1&Q2 were already baked in the price. Oil production has been reduced a lot therefore it's price has found a balance over the last week. As more people return from lockdown demand will slightly rise but still with so big production cut i expect the oil to find a balance around here? So with so much stored oil.. the ship rates are going to go down for the upcoming 3-6 months. Last chance for STNG in the upcoming hours to see where this is heading...
NYSE:STNG
by Philoslother
1
BITCOIN | First critical level to break on the way upWhen daytrading we sometimes tend to forget to look at the bigger overview. You see the significance of the level we are attacking right now...? If we break this then we break the downsloping triangle were in for 7 months. This could be a major step on the way op if we can find support there. So let's try to test the 7138 level today, massive resistance there. But a lot will depend on how the S&P 500 will react today. Earlier this week we saw that Bitcoin is tight related to it. Yesterday we saw Bitcoin could slowly start going his own way again, but good to watch the price action around 13:30 UTC when the NYSE opens.
BYBIT:BTCUSD.PLong
by Tom-Jones
ETH | BTC: is the run over?Quick message to say keep a tight stop loss... Things were looking great until recently. Today we saw ETH 7 week ascending channel break and currently looks like it has converted the bottom of channel into resistance now. Whats worse is that BTC broke down out of its channel several days ago and appears to be forming a descending channel now. One thing we can assess from previous market moves, if BTC pulls back, so will ETH. Keep a close eye on the market with tight stop loss, if we maintain a descending channel, shorting every touch of top of channel can usually bring repeated gains through out the descending channel. This channel, if it rides all the way out we could see $145 ETH by May of which would represent a bottom and great entry point. There is still a decent chance these guys pop back up and continue their previous channel, we might even be in a ascending wedge pattern now and near breakout, up or down but otherwise the signals dont seem in out favor. If we have a hard pullback, look for any touch of the long term ascending trend line as a great buy opportunity but watch closely for a chance it could break the bull trendline while its so close. This isn't investment advise, its a capture of my recent TA and assessments, you should always do your own research. Also check out vcdepth.io for crypto historical market depth / level 2 data, for free. s
by EncryptShawn
1
GBPCHFMain reason why I am buying. -Price has approached to important level that i like to call Critical Level. (Critical Level is where price has broken and retested or bounced off the certain level) which is the strongest level on the chart. -Price has tested 200 ema (orange) couple of time going along with black trendline as i feel they correlates in different way. -I want to see how price reacts off Critical Level before i open a buy position. -If price played out how i wanted it to, i will keep the position open for couple of weeks as it is long term trade only. Educational Purpose, Trade my analysis by looking at the chart and using your own *confirmation*
by UnknownUnicorn4090857
Bitcoin Closing in On a Critical Area of SupportGood afternoon, Bitcoin is closing in on a Critical Area of Support that you DO NOT want to break. There are a lot of Bullish Indicators in the makes right now as we close in on that $6,150 Critical Support Zone which also Coincides with the 1.272 fib extension in Wave C of the potential Bearish Cypher. But the Bearish Cypher may extend Wave C to $5969 at the 1.414. This Critical Zone that we are approaching is the Massive Demand Line of the 2018 Descending Triangle Pattern. This would be such an amazing area of potential value to reverse price action at. With the Bullish Divergence forming, it is extremely probable that around this blue zone we see major price reversal in the upcoming weeks to potentially days. I think it is probable I will be taking a massive long position in this blue zone. My Premium Members will know exactly when and where I take my position. Don't be the one to miss out and then Fomo when it's too late! Join our Free Telegram Channel: t.me -or- Join our Open Facebook Page. Make sure to like and follow! :D www.facebook.com Our premium channel is charging only $15 a month right now in consideration to a Black Friday Sales that last until December 31st. Prices after that will differ slightly. But again, we are only charging $15 a month, $75 for 6 months or $120 for an entire year. We offer Individual help, education in the makes as well as Trade Set Ups in the Stock and Crypto Market. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Feeling generous and wanting to show us love and support? Donation Options in (Crypto) are down below <3 commerce.coinbase.com
COINBASE:BTCUSDLong
by ChArtWorks_TechnicalArts
SILVER - GET READY - ONE SHOT ONE KILL!Silver is at a critical position. This is an opportunity for a controlled loss.. Did I say 'loss'? Yes - I did. If you cannot afford a reasonable stop-loss - of your choice - do not go long on Silver. Those interested in the Gold:Silver ratio, may check out its importance in recent weeks (on the net). Note that silver is going at roughly USD $ 17.04 at the time of posting. Gold is roughly $ 1468 and Bitcoin $ 9200 . Which do you think has a better chance of 100% appreciation over the same time scale?
FX_IDC:XAGUSDLong
by Captain_Walker
CGC Critical Support|Falling Wedge|Bullish Divergence|Open GapHello Traders! Update on CGC – Canopy Growth Corporation, testing critical support in a potential falling wedge pattern that has a bullish divergence coming to fruition, will CGC have a relief rally from here? Points to consider - Trend Bearish with consecutive lower highs - Major structural support being tested - Resistance at .50 Fibonacci - EMA’s giving price resistance - Stochastics projected upwards - RSI converging from price - Volume below average - Open Gap - Technical target in confluence with .50 Fibonacci Level CGC has been trading in a distinctive bear trend within this falling wedge formation that has yet to be broken. We have consecutive lower highs as the trend comes into its probable apex zone. Major structural support is getting tested, currently holding true, this is critical as it’s in confluence with the falling wedge’s apex zone. A break of this level will negate the formation, leading to local support being more probable to be tested. Resistance on the other hand is at the .50 Fibonacci level, this is a key area as it is in confluence with the technical target of the falling wedge… The Stochastics is projected upwards; momentum is in favour of the bulls if price where to break up and above from current resistance line. The RSI is currently putting in higher lows; divergence from price as it puts in lower lows, this just further confirms the theory of a bullish divergence playing out. Volume is below average at current given time; we need to see an influx of volume upon breakout to ensure that it’s not a fake out. A breakout and an influx of volume will make the EMA’s cross bullish which will confirm the trend reversal as currently it’s giving price heavy resistance. Overall, IMO, CGC is more probable to break bullish from this formation as we are testing a critical support level, we also have an open gap, and gaps always tend to fill if you look at price history. The technical target for the falling wedge will be met at the .50 Fibonacci which is in confluence with structural resistance. What are your thoughts on CGC? Please leave a like and comment, And remember, Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets - Michael Carr
CLong
by AzizKhanZamani
WALL STREET (DJI) - IN CRISISBRACE! Anything can happen in the next few days. The DJI is at a critical zone on the weekly. 'Everybody' is waiting for more QE and lowering of interest rates. In other words the FED is likely to blow the bubble even harder. But there are crises in the bond markets and currency markets that weigh on this market. So fear is not just about stocks in the market itself. Disclaimer : This is not a recommendation or encouragement to trade securities. Your losses are your own.
FOREXCOM:US30
by Captain_Walker
2