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Keylevels

Bull market - what bull market?In the screencast I show hard evidence from the chart refuting media reports which say that a bull market on Wall Street is back. This evidence is available to everybody. There has been a bull rebellion over the lat 4 weeks but that doesn't mean that this is a bull market - at all! If you're a forex trader or stock trader this is important. Why because what happens on Wall street affects currencies and stocks all over the world. I am clear that I do not recommend trading a weekly time frame to most people. The situation on the weekly is relevant to most of us who trade on much lower time frames. So yes - I'm shorting on lower time frames (which is not a recommendation to others).
OANDA:US30USDShort
by Captain_Walker
4
WALL STREET: Key levels and outlook for the next few weeks.I overview what are some of the possibilities and probabilities over the next few weeks for Wall Street. I compare again the current situation with that of around 2008. Preliminary action on small time frames on Weekend Wall Street, do not look exciting for a trip north on Monday. We shall have to wait and see, as Mr Trump often says. I do not know what's going to happen. Nothing here is a prediction. Nothing that happened in 2008 rules what may happen the near future.
OANDA:US30USDShort
by Captain_Walker
Head & Shoulders 4H Chart USDCAD 03/12/2018As we can see on the 4H chart, there is a potential that the price will create a Head & Shoulders pattern, If my prediction that I marked on the chart will come true, we will see the Head & Shoulders pattern up there, the reason I'll sell at the supply above is not the pattern, I'll sell at this supply because it's a level with unfilled orders waiting there for the price To come back, Also, this supply has changed the bullish momentum to bearish, this supply created after this week starts with a GAP at the price, I'll sell high and buy low, meaning, I'll sell at the supply and my target will be the demand below.
Short
by the5erstrading
Short Term Key Levels For GBPUSD 29/11/2018As a price action forex trader, I trade only Supply&Demand, sell at supply and buy at demand, I marked those supply&demand key levels as a short-term opportunity, the demand below is a great level of buy position and the target for this trade will be the supply above, and the opposite, the supply above is a great level of sell position and the target will be the demand below, I'll act only at the level that the price will reach first,
by the5erstrading
1
EURAUD - LONG TERM SELL - MUST SELLTo retrace to the 0.786 level of fibonacci would mean for price to get all the way up to 1.59949. 4/25/18 (1.61409) on the Daily timeframe, shooting star candle which lead to a massive drop (~860 pips) til around 6/4/18 (1.52747 top of a key zone.) Historically, this trend repeats itself from the ~1.61409 level very well. From 8/24/15 to 2/11/16 about 5 significant drops occurred resulting in a drop of about 300 pips at a minimum. 9/29/15 rice was at 1.62505. VERY close to the aforementioned high of 1.61409. From that time until 12/3/15 there was a ~1900 pip drop and price went to a low of 1.43479. Price has consolidated the last 5 hours ranging from around 1.59336 to 1.59023. I am looking to see if price will reach 1.61409 - 1.60008 for a really nice long term sell. If price does not reach that level and shows a lot of bearish signs and signals.. I plan to sell it around 1.58895. My take profit aligns perfectly with the 1.272 level of the fibonacci extension which is 1.50337. I plan to take profit at 1.50657. I will look for a sooner place to take profit and update as I analyze. Happy trading everyone, let’s milk this bitch!
Short
by DJdSchu
BTC getting out of this correction? Here is a RoadmapRoadmap to get us out of this correction (ideal setup) & Next key pricelevels to watch. If we hold 7040$ (preferably, or else 6425$) the bullish wave count is still in place. Sure you could argue the retracement from 9990$ was bigger than anticipated but the bullish count has not been jeopardized as of yet. Last update I said we might see a bounce from the 0,5 retracement level 8200$, which it did (up to 8884$) but it couldn't held that level soon after. Next major resistances @8644$ -> 8884$ Next major supports @7040$ -> 6425$
BITFINEX:BTCUSDLong
by Arcnoah
1
BTCUSD: Bears Persist At Short Squeeze Levels?BTCUSD: Price pushes off of 7605, touches 8604 in a matter of hours, BUT it did not close strong. This price action is apparent across the board and for me means ones thing: bulls are not in control, yet. The next scenario that I am anticipating is a failed low formation which needs to unfold above 7401 if buyers are to return and initiate the next bullish leg. All eyes are on this market. ETH and LTC are pretty much following this lead. Buying activity appeared at a very attractive support area BUT like I wrote about in my previous report, strong closes are required in order to prove that there is follow through. When indecisive or weak closes appear instead, that means the bearish momentum is still intact. That also means lower prices are a much higher probability. The question is, how much lower? That is where the current location and price structure come into play. Price is now within the 8171 to 7239 minor support zone (.618 of recent bullish swing) which is also overlapping the broad 8174 to 4983 major support area (.618 area of entire bullish structure). I have been writing about this overlapping support area for weeks. Trading within a support area is an important piece of information to know, but not necessarily enough to buy into. Within the minor support zone, there are two reversal zone boundaries that are important to note. Reversal zones are areas that are proportionate to a low or high point where price is most likely to reverse. If a fake out is going to happen, that is most often where it happens. In this case. 7776 and 7401 which overlap the 8171 to 7239 support zone are the lower boundaries of two reversal zones relative to the 8342 and 7665 lows respectively. That is why even though price is still controlled by bearish momentum, it still has a chance to reverse. Right now in order to prove that bullish momentum is returning, price needs to reverse from where it is and break above 8200. Until that happens, this market is likely to continue lower, even beyond the reversal zones as long as momentum stays bearish. That is why it is more conservative to bet on the proof of the reversal (follow through) than a reversal attempt (pin bar alone). In summary, if you took the recent pin bar long (there was a great signal posted on other site), it hit its short term target within the same day, but if you held onto it looking for a broader move higher, the fact that the next close after the pin bar was not strong was a clear sign that you should either get out, or sit on what you have and see if the failed low scenario plays out (which is much more risky). It all depends on what your goal is: short term or long term. I am still managing a position trade long, and holding for the next broad move higher. IF the reversal zones do not hold up, it means I will have to take more pain which I am willing to do. I have the long term perspective and recognize that these low prices in general are a buying opportunity. As long as the original premise and underlying technology maintain their relevance, these persistent sell offs offer better prices to buy. Questions and comments welcome and see explanation of the recent trade on SC.
BITFINEX:BTCUSD
by MarcPMarkets
21