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Keylevel

Waiting For The Breakout TradeWith gold ranging, this could go either way. Price is literally sitting in between two of the strongest key levels on the chart. Even though the monthly key level is the strongest, the weekly level has gotten a lot of respect has resistance. So prices can actually continue crashing down. It could also bounce on the monthly one more time and give us a big bull run. My targets are set for a breakout trade with this pair, so let's wait to see which way is going to go. BULL TPS: • 1781.97 • 1800.26 • 1818.83 BEAR TPS: • 1760.25 • 1741.66 • 1726.44 • 1715.69
FX:XAUUSD
by NikaJourney
NEOBTC (09-04-2021)Key Support Levels: - Fib Retracement 0.618 level (recent swing low to swing high) - Trendline (Two previous swing lows) - Anchored VWAP (Second & Third previous swing lows) - Fib Speed Resistance Fan (Second swing previous swing low to current swing high) - Key level (Old previous POC and Local LVN) - Monthly level (High time frame) - Fib Channel 0.25 level (High time frame swing highs and low) - Rising Channel Bottom (Previous - Current swing high to swing low) So we got a lot of nice non-biased levels that coincide in one location. I'm predicting that we will bottom out in around 2 weeks (according to fib time) plus we have plenty of reasons to bounce. It will be nice if we see the formation of a bullish reversal pattern heading down toward these levels along with strong bullish divergences. For example, a high time frame candlestick reversal pattern along with a mid/low time frame classic reversal pattern or a bullish harmonic pattern that provides an entry that also coincides with these support levels.
Long
by mcryps
Rolls Royce Trade Review - 20% profit in just 3 weeks!Hi traders, This is the first in a series of trade reviews that I will be doing for TradingView viewers where each week I will review one or two of my trades. We will outline why we entered them and also how they went. This is meant only for educational purposes for you to learn some of the skills that I implement when trading. In this trade I used a very simple break and retest of a key level as the investment strategy. If you have any questions then please let me know in the comments.
LSE:RR.Education
by JoelWarby
3
USDCNH uptrend continues after key level penetrated!First of all , my previous idea regarding USDCNH is right. Now, the momentum to the upside is strong with key zone penetrated. Secondly , after 11% drop since May of last year, 5% rebound is likely to happen(50% fibonacciretracement). Thirdly, the pair might got issues around 6.67 which happens to be the Flip level. It is not good news for Chinese assets, e.g. HK stocks, mainland stocks. The hiking US 10Y yield along with a stronger dollar and uprising crude oil price will weigh on the emerging market assets. Outflows might occur and further drop is expected around the corner. Things aren't bad if we already have expectations for what might happen! Cycles all the time! After the correction, funds will come back given the strong economy growth of China in 2021 and 2022.
Long
by JICPT