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HIGH-LOW

ETH Journey to 2025: Key Levels and Market ScenariosHello friends, In late 2021, Ethereum ( BINANCE:ETHUSDT ) reached an all-time high of approximately $4,900 before experiencing a significant correction, dropping around 80% to a low of $880. Since that dip, ETH has been consistently making higher highs and higher lows, suggesting a potential long-term bullish trend. I'm focusing on these key levels as important points for any macro cycle movement: Pivot Points High Low Levels: HH: $4,100 (Near ATH) HH: $2,700 (Previous resistance) HH/LL: $2,100 (Critical pivot) LL: $1,500 LL: $880 (2022 low) Bollinger Bands Analysis : Currently, ETH is within the lower Bollinger Band, indicating a potential oversold condition. Historically, this has been a favorable zone for accumulation, as the price may revert to the mean once the selling pressure eases. Potential Scenarios: Bullish Case: The most critical level to watch is $2,700. A decisive break above this level could pave the way for ETH to challenge the psychologically important $3,000 mark. If ETH can establish $3,000 as support, it would confirm a higher high and potentially signal the start of a new macro bull cycle. Consolidation Case: ETH may continue to trade between the $2,100 support and $2,700 resistance, forming a tightening range. This consolidation could set the stage for a significant move once resolved. Bearish Case: A failure to hold above $2,100 could lead to a retest of lower support levels. However, as long as ETH maintains its pattern of higher lows, the long-term bullish structure remains intact. Conclusion: The $3,000 level appears to be the key for initiating a potential macro bull cycle. Accumulation near the lower Bollinger Band could be a strategic move for those bullish on ETH's long-term prospects. Risk Management: Consider using the $2,100 level as a potential stop-loss for long positions, as a break below this level could invalidate the bullish thesis. Happy Trading!
Long
by Mohamed3nan
High LowSome corrections go for a third or even a fourth leg, so I prefer a different labeling system to account for this and discuss it later in the books. In its simplest form, it counts the legs of a pullback. For example, if there is a down leg in a bull trend or in a trading range and a bar then goes above the high of the prior bar, this breakout is a high 1. If the market then has a second leg down and then a bar goes above the high of a prior bar, the breakout bar is a high 2. A third occurrence is a high 3, and a fourth is a high 4. In a bear leg or in a trading range, if the market reverses back down after one leg, the entry is a low 1. If it reverses back down after two legs up, the entry is a low 2 entry and the bar before it is a low 2 setup or signal. Since measured moves are an important part of trading and the AB = CD terminology is inconsistent with the more commonly used ABC labeling, the AB = CD terminology should not be used. Also, I prefer to count legs and therefore prefer numbers, so I will refer to each move as a leg, such as leg 1 or the first push, and then leg 2, and so forth. After the chapter on bar counting in the second book, I will also use the high/low 1, 2, 3, 4 labeling because it is useful for traders.
FOREXCOM:XAUUSDEducation
by RezaBayat
New York High and Low Session AnalysisThe above chart and below charts are some analysis on how past New York Session High and Lows have been acting as support and resistance. In the above chart you can see that the New York Session seems to be putting in THREE consecutive higher sessions (shown as 1,2,3) then completes a recovery. The below image is a prediction that if price does drop that it could find support at $37000-$37350 The below image is a predication that if we break the previous New York Highs we could see a move to $40300 before coming back to test support at $39100-$39300. Then upwards to $42380-$42900
by Frien_dd-DisDev
2
EURCHF Trade PlanIf you like my analysis please like and hit the follow button. I need your encouragement. EURCHF has has been on a decline since it formed a high at around 1.093 in mid-September. The price action however has seen a lot of slowness in the bearish trend as momentum has been diminishing of late. Over the past three weeks we have seen price ranging behavior. We have a break of a major swing to the upside preceded by what appears to be price sweeps of lows. We may be in a great trade if we see PA on LTF as indicated in the chart. We want to see clear intent of price breaking upwards with strong momentum and a slow retrace to the QM level for the buy setup to be valid.
Long
by theforexhighway
USD/CHF - Trend IdentificationGood Morning Traders. Here is an educational piece on two key things. Before trading a currency pair, we want to head to at least the daily chart to identify the long term trend on the pair before we scale down to our lower time frames. To identify a trend is simple. For an uptrend, look for higher highs and higher lows. Here is a clear long term downtrend on UCHF. We can see price is making lower highs and lower lows. This indicates a downtrend. It is important to zoom out and see highs and lows of markets long term. We've done that here with USD/CHF and we can see that price is now at 6 year lows! Will sellers keep pushing price down further or is this a level where buyers will jump into the market? Top Tip - You can always switch to a line chart. This makes identifying the trend easier for forex beginners!
Education
by Jal121
Twin Deficit forcing Psych levelsTwin deficit has resurfaced as a driving force towards DXY decline. At this point pairs are being controlled by psychological trend levels. Presented is the DXY day chart. We can see a clear drop for a retest of the 2018 low which in contrast brings pairs such as NZDUSD, EURUSD, GBPUSD, etc to levels breached in Jan 2018. A fundamentalist like myself begins to wonder if Twin Deficit sentiment is the ultimate driving factor for these psych occurrences taking place in 2018 and current. While COVID would be a logical main factor, ultimately any factor that would push double negative accounts. Attached is my previous DXY idea as well as my 2018 high retest idea of USD pairs I published over a month ago. Anyone patient enough to hold USD pairs have certainly played their cards well. Expect a retest of 88.225 to match 2018 with a higher breach probability for a new low. Please comment with any thoughts and Ideas. Thank you.
TVC:DXYShort
by Pika7993
Playing intraday high and low breakoutsThis seems like a decent strategy that may give you a quick/small stop out, or a long ride. Potential to add to trades as each level is breached. Indicators used are: new intraday high/low (green and red dotted lines) and midpoint (white solid line). The idea is to place an order in the same direction as the breakout (high or low), with a few points as a target, and a break even, or small loss, stop. It appears to present many times through out the day, allowing for many opportunities.
CME_MINI:MNQU2020
by NorthStarDayTrading
2
Trading Journal on GBPJPY for intraday 29 Oct 2019Hi everyone,i try keep updating my journal analysis for better and better understanding in market behavior. This is my analysis on Intraday for pair GBPJPY. During Asia Session price try to test and take liquidity at highest yesterday price at 140.243 and go down for for almost 40 pips and failed to make new low which is indicate price want to retest latest high and yet failed to make new high and during London open market- seller enter market at high price and go down for 63.8 pips and reject at low monthly candle at 3 Dec 2018 at price level 139.495 and go up due to several low impact news. Trading Conclusion 1)Price failed to make new high from previous high(140.259). 2)Price go down to take find high liquidity and reject at low monthly candle 3 Dec 2018. 3)Price will try to test new high for today at 140.300 and 140.500-140.600 4)or,Price fail to break today high and try to make new low 139.350 and 139.050 5)H4 chart shown that price failed to make new low and looking for uptrend for coming week. Anyone feel free to comment and review my analysis for better understanding in market behavior. Thanks for Like and comment.
Long
by MxNadhir