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Keylevel

Staley Key Level SR SetupKey chart levels are important technical levels at which a financial instrument could face increased buying or selling pressure. Traders look out for key chart levels to place their buy and sell orders around those lines, which accelerates price-moves and increases volatility when the price reaches those levels. When looking to sell a currency pair, traders can look for the short or faster moving average to cross below a falling slower moving average as a sell signal. The most well-known moving average crossovers involve the 50 (51) and 200 moving averages. Support occurs when falling prices stop, change direction, and begin to rise. ... Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. When you combine these powerful tools with patience and good technical analysis you have a solid setup. This set up is made to be clean and beginner friendly. Please give it a try, and put your own spin on it.
OANDA:BTCUSD
by sovereign.rein
2
CAD/JPY Potential Take Off To 85.07 Mark 🚀🚀🚀💡 Trade Idea 📈 CAD/JPY | Buy Order @ 84.26 🎯 Target Profit 85.07 🛑 Stop Loss 83.87 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price is posted a correction count after rallying yesterday. This selloff stalled near the daily support where we have the 50% Fibonacci retracement level. the confluence zone might lead to a move upward to the 85.07 mark. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Long
by CollegeofPips
6
GBP/JPY - Simple Daily StructureWhy have we been looking for long positions on GJ for the past few weeks and months you ask? Well, on the daily chart we can clearly see we have resided in an Ascending channel for some time now. However, we have now rallied up to the top of our ascending channel with a third touch. You can see some key levels marked in on the right hand side. These are key levels on the lower time frames that we have been using to take long setups on the pair. Where will price head next? We are right at the top of the range for this pair. See our related idea for some long positions on this pair!
by Jal121