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Keylevel

LONG AUD/USD.LONG AUD/USD, ***IF there is a clear rejection at the 38,60% level of the fibonacci, wich is on the 0,64500 key level (psychological level) and it is also on a trendline dated from March 18th 2020. The market broke a trendline dated from December 31st 2019 and also broke the 0,64500 key level wich should both now act as resistance. There is also a divergence that can be seen on on the RSI and the chart (pink lines). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
Long
by KNFX_TRADING
The Technicalities of Key Levels (Institutionalization) This was made for someone asking for the key-levels on GJ and where they are. I hope this shows how powerful waiting for rejections and consolidation around institutional prices can give us high probability trades. The goal is to analyze from top to bottom, gathering the price action data in order to tally up confluences. For stop placements, the 4-hour chart will be the lowest in which we find SL points above lower swing highs and below higher swing lows. Turning analysis into trades.. When performing analysis across the daily and weekly timeframes on a Sunday night for instance or analyzing the daily charts at the end of every trading day, the first important pieces of data to pick out are key level price points and candlestick formations. You’re looking for patterns, that might serve as clues for the next directional movement of any specified currency pair. Price action, moving averages and key levels are displayed on the longer-term charts and these are generally the most significant and strongest. It’s best to take note of these levels at the end of each trading day or morning and then plot them on the charts using the charting tools available in your trading software of choice. Keeping a notepad at hand helps to keep track of the organizational breakdown of your selected currency pairs. Beginning traders should start out with six or seven pairs, then strip each one down, labeling the bullish and bearish indicators for each one on every time frame, starting with the monthly and working your way down to the 2-hour chart. Timeframe rules are the basic building blocks of all other trading strategies, so it’s important to have a good understanding of them before moving on to more complex methods. Keep it simple, learn the rules, make notes and work with the price action that the market delivers through the charts. In this sense it can be helpful to remind yourself that trading is essentially a financial game between the bulls and bears – the optimists and pessimists in the market – both of whom have the same goal of earning a profit but who achieve it through different means. Key level placement Support and resistance levels are one of the most important technical factors in trading. “Key levels” are certain prices for a currency pair which may support the price below the current market level or a price which may resist above the current market level. Support acts as a floor and resistance acts as a ceiling, both of which are “barriers of price.” . For example, the chart above displays various support and resistance zones. These key levels are major support and resistance areas; they are strong price points which the pair has reacted to a number of times. Currencies tend to react to these specific price points with a surprising degree of consistency. The market can either bounce or break upon the approach of a key level. Many beginning traders struggle due to not drawing key levels onto their charts accurately. Support and resistance are the absolute foundations which hold the ground for various other price action applications. Once a support level has been broken and the bears take control, the price often (but not always) pops back up to that same level from underneath in order to “retest” it once more before a continuation to the downside, and vice versa. Your job as a trader is to pick as side in this battle between support and resistance forces – between bulls and bears. If you pick the right side, then you will make money; of course, you pick the wrong side you will lose it. ________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ No part of this copyrighted research may be reproduced or used in any manner without written permission of the copyright owners. Procescusion enforced. ________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________
by TayFx
5
Bullish Gold Continuation to ATHs - Key Level BreakThis trade idea is formed on the basis that gold will hit or get near its all time high (ATH). The 1800 handle is a huge psychological level, and is reinforced by the resistance it formed in 2011/2012 after gold hit its ATH. What I expect is a similar price action and level of volatility that was witnessed at the 1700 level last week (week commencing 6th April 2020). As the virus pandemic continues to worsen, with more and more cases and fatalities each day, there will be a general risk-off sentiment. This has been somewhat balanced by the unprecedented QE aggression from the Fed but until the virus ceases and desists, gold will be a favoured investment as it has historically been an effective and affordable risk against uncertainty in both the equity markets and oil. Summary: Fundamental basis for trade: Risk-off sentiment as the virus continues to do significant damage to the world, predominantly Western economies. Technical basis for trade: Break of a key level which is both a strong level of resistance and also a major psychological level. My expectation would be a strong break of the level will trigger a violent shift upwards as large institutional money enters long positions. This is obviously not a guaranteed trade, and there may very well be a pull back from 1800 level down to the new support at 1700, or even further to 1550. This is merely analysis, and not trade advice. Risk capital at ones own risk and responsibility.
COMEX:GC1!Long
by Jamesbevan96
GOLD long possible opportunity GOLD has good buy opportunity after breakout of purple trend line or in the zone for better Risk/Reward Reasons: -its in an uptrend -price breaks last higher high -price is now retesting last nigh and 1650 key level and also a psychological level and a fibo zone first target is 1700 . . If you liked the idea click like and follow to see more upcoming updates. I'll be glad to know your opinion in the comments. This is just a bit of financial advice, do your own research too.
FX_IDC:XAUUSDLong
by peyfx
2
Macro Trend is still Bearish....But.....10.5 - 3.8k is Bearish, there's no disputing that. We broke MS at 6.7k, and are now fighting to regain that swing. I believe it's imperative Bulls regain/hold that Swing (6775 on this chart). 6536 represents the EQ (50% level) of last month's candle, losing that should see some fireworks. The importance of this 6775 level cannot be overstated. I'll be watching this week's close, to see how it's dealt with. As always, practice solid risk management, good luck, and have fun!
COINBASE:BTCUSD
by mrjones2020
XRP/USD - 0,18$ key level Usually Monday starts with a growth in cryptocurrency. I think this Monday will be no exception and we will see a great growing day. The ripple is above 0.18 and it's still a long set. Like in post with Bitcoin, the growing structure is intact. A new entrance can be made from this level. Average urgent targets like in the post earlier is 0.20$ (r/r - 1/4) post lower. I'm holding part of my position from this post: A break-down of the dynamic support (marked purple) will indicate a trend change. Friends, thanks for your likes and comments! Good luck with trading!
BITSTAMP:XRPUSDLong
by mr_kosovskiy
5
Why 7500-8000 is Important for BTC & Why You Should Look at SPYHello Traders, today we look at Short and Medium-term analysis of BTC Daily chart. Short-term: Contrary to it's designed purpose to act like a safe haven during crysis, BTC is currently moving along with major markets. My take on this is that compared to the Stock markets, Crypto is still very young and small and more than anything fueled by fear and greed. For the actual range, we will, therefore, need to see which direction SPY takes. BUT! this correlation can slowly fade away as traders adjust to the current situation and start thinking more rationally again. Medium-term: At roughly 7500 we have many converging resistance levels which, if broken, will act as new support. If the price establishes at around 7500-8000, this will be a good sign for the bulls. Note that this can take a few weeks, again based on that happens in markets in general. Watch for manipulations and wait for extra confirmation by daily bar closing prices. Be safe and trade well, FINEIGHT team
BITMEX:BTCUSD.P
by Fineight
3