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Keylevel

USDJPY: Are Sellers Ready? 💣The key psychological level of 135 provided immediate resistance for sellers but is now showing signs of being a sell trap. Since a high amount of sellers joined at the key level and the trend line breakout, I believe liquidity will be targeted above this high before we see any signs of bearish momentum. When the liquidity has been taken, I will be looking for shorts with the team. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
9
Possiblity For A New Lower Low. BULL: • 110.315 • 114.740 • 119.304 BEAR: • 101.326 • 95.518 • 89.848 I know that the President is trying to keep oil prices low in the U.S. which explains why oil dropped as low as it did. That, and it had a gap to close according to my broker. Now that the gap is closed, trying to see if oil will make a new lower low this week, or will we hover above the $100+ a barrel mark for a little longer. The daily bearish engulfing was also fully retested on to finish last week off as well. So The daily could be confirming the new lower low is going to be made. Let's see.
FX:USOILShort
by NikaJourney
1
CADJPY: Defense Barriers 🛡Like most XXXJPY pairs this one is also extremely over-extended. I find it hard to believe that market makers have made it so easy for buyers with a simple trendline breakout buy. This will be liquidity to target when sells do become available. That leads us to when sells will become available. The answer is unknown but we do have two strong key psychological defence barriers around 104 & 105. If this slows price and some manipulation occurs - we can sell down into my target levels. Until then we must sit on our hands. What is your view on this pair? 💬
Short
by AlkalineFX
8
📊What is a key level? How to use it in trading? Clear tutorial!What is a key level? A key level is a price level on the chart that creates the support or resistance to the price when it falls or rises. A key level is also called an extremum. 📊There are 3 types of levels in total: 1. Resistance level — when price rises and rebounds down when it test the level. 2. Support level — when price falls and rebounds up when it test the level. 3. Mirror level — when the level is both support and resistance. 🚩How to identify the key level? As a rule, the key level may be either the price maximum (high, H) or minimum (low, L). Price maximums occur when the price moves in a trend (bearish or bullish). It is harder to identify the key levels during consolidation, because often the price simply blurs them, making false breakouts, as we can see on the Bitcoin chart. Especially often the key level is the global highs (ATH). It can be found on any timeframe, but the higher it is (4 hours, 1 day, 1 week), the more clearly they work, because the level of 1 week may be identify by a scalper, a swing-trader or an investor, while the local levels of 1-30 minutes are only looked at by scalpers, i.e. a smaller total number of traders. Usually, the key level is an even number: 1, 50, 100, 1000. For example, $ 50,000 for Bitcoin, $ 2,000 for Ethereum, $ 1.5 for Forex pairs. 💹Why do key levels work? It's all because the traders place their orders near these levels. To put it simply, key levels work and price reacts to them, because a large number of traders often use them. Every trader knows that when Bitcoin is falling, the level of $ 20,000 will be support for the price, because this is the level of the previous ATH, and most traders put buy orders, so the bounce of the price can be huge (10-20%). ✅How can you use a key level in trading? There are many different uses of the key level in trading, for example, trading a rebound from a level when a trader places a buy order below the level or a sell order above the level. As I said before, the more prominent the level on the chart, the stronger the price pullback, so some traders place their orders near key levels in advance to buy or sell at the best price. Also, I use the key level on 30m-4h timeframses to identify price weakness or strength for false breakout trading. A false breakout of a key level shows that most traders are set up for a price move in the other direction. 🔥As many traders as there are ways to use the key level. My advice is to be craftier and use the key level with the rest of the technical analysis instruments, candle patterns, indicators. That way your win rate can increase significantly when different approaches are used together. 🏁Traders, how the key level helps you to identify the best entry point? Share your idea or a screenshot in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
6
CHFJPY Structure Trade I SHORT Welcome back! In the current New York Session, we are monitoring CHFJPY for a short entry around the highlighted resistance zone. Price has corrected to previous daily structure (major level support/resistance) where we expect more downside movement from here. Price is also below 50 MA on daily. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
NZDCAD Bullish SetUp I LONG! Welcome back! Here's an analysis of this pair! **NZDCAD is about to retest a key structure level which implies the likelihood of a move up. Expect buying pressure to come in at the level. Our target is 8228! What are your thoughts on the pair? We'd love to hear it in the comments! Don't forget to click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Trade safe! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
BTCUSD WeeklyBitcoin has reached the golden zone, where we currently are seeing buyers jump back in here after the liquidity grab for the lower wick rejection. If this weekly candlestick closes above this key region, we could very much see a rebound with bitcoin & the overall crypto currency market as well. Definitely an area to keep a close eye on price for a bullish reversal as institutions made a sharp move down & a lot of panic selling has occurred. This was my region of interest for some month to look for buying positions lets see how price action develops in this region !
BITSTAMP:BTCUSD
by Profound_Ambition
Bitcoin, will long-term support save the day again? Hi, TradingView community and our followers. Our focus is once again on Bitcoin and the 29750 area. This level has been a real line in the sand since Jan 21. Since Jan, sellers have been unable to break this area and continue their downtrend. Yesterday's low once again lined up with this level, and we're seeing a new rally today. Could this be a new hold? We will need to see further buying and possibly some congestion with HLs to show that sellers have run out of momentum. An example of that can be seen back in 2021 between May and July. That final hold kicked off a new medium-term rally. But, if the current trend can hold lower, a break below this level could be very significant and could suggest that sellers are looking to drop back to 20,000 or below.
EIGHTCAP:BTCUSD
by Eightcap
GBPUSD: Supply Gap (FVG) 💣My bias has shifted significantly since last night, price rejected the fresh demand and pushed all the way back to the weakened supply. Due to the fact the supply has now been utilised 5 times without any successful pushes to the downside, I believe it is time for the zone to break to the upside. We have two options, we can either wait and see if price returns to the fresh demand so we can buy OR we wait for the liquidity grab of the supply to locate a sell into 1.22500. I would love to see what you guys think in the comment section below ⬇️
by AlkalineFX
17
Will 0.70000 Hold! AUDUSD - Sitting on a very strong key level (0.70000), the dollar is pushing higher and approaching strong supply! Could see a potential reversal/pullback here, will wait for London open and see if we get a momentum break and retest, this level holds ill be looking to buy up to supply, if it breaks ill be looking for the retest/sell! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
by benalistarfx
1
GBPJPY | Perspective for the new weekFollowing over 200pips profit during the last week's trading session (see link for reference purposes); it is obvious that the GBPJPY pair has been displaying a back and forth set-up within a tight range of 160 and 164 areas. With the possibility of the incitement of a retracement wave, the possibility of a bullish momentum can not be ignored as the key level at 160 remains a strong level for buy opportunity going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry