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Keylevels

Major Pullback Due To Determine Bull ContinuationWe passed the monthly zone area of 156.552, but never retested the break of the zone. So it may test the monthly zone as support. If it fails as support, then price will push through to find its higher low at the daily zone of 154.859 or further down at the weekly zone around 152.594. I haven't made the 4-hour zones yet to have all my Bull TPs. I'll add them and update it in the comments as a record. BEAR TPS: • 155.383 • 155.800 (If monthly fails as support) • 155.041 • 154.258 • 153.473 • 152.704 BULL TPS: • 158.552 • 160.007
by NikaJourney
ZILUSDT 4h - Buy OpportunityEntry zone: $0.099 to $0.101 Stop loss: $0.09 1st target: $0.116 2nd target: $0.1345 Beware of being hunted around $0.09, it could be a second entry point if the price drops suddenly, but we should wait and see the price action and the volume . I will buy with half of the money I set aside for this position, and I will wait at the hunting point with the other half. Trend Key Points Indicator have been used to draw important key levels and key points.
Long
by bhnmzm
2
Cool Entry Strategy - Bullish Engulfing in Key LevelsYou are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators. The base success rate of this strategy was over 60% for me and by applying some filters and considering some best practices and being experienced in it, I could increase its success rate up to 76%. This strategy is a combination of a Bullish engulfing candlestick pattern, pivot points, and key levels. By key level, I mean a trend line or a horizontal resistance/support line drawn by you or your added indicator. We can assume the base requirement of the strategy meet if a Bullish Engulfing (BE) pattern takes place near a key level or a pivot point. We will use the Trend Key Point indicator to draw horizontal key levels and key points. It marks pivot points with a sign above and below the candles. If the pivot point is important, the indicator will draw a horizontal line as a key level. In this strategy the LL pivots are important to us. All necessary details will be applied to your chart by adding the indicator to it. You can also read more about Trend Key Point guide and best practices here . There is also an indicator for finding and highlighting Bullish Engulfing patterns called Common Candlestick Patterns . By adding the indicator, you will see too many highlighted patterns because there are active by default. Therefore, after adding the indicator to your chart, you need to open its options and uncheck all except the Show Bullish Engulfing one to highlight just Bullish Engulfing patterns. After adding indicators, you need to wait and capture entry points in a suitable state. But there are some tips and best practices we need to jot down to distinguish between good and bad states and increase the success rate of the strategy. I list below: Ignore a BE pattern that does not occur at a key level or is far from key levels. It’s a good sign if the BE pattern occurs on an LL pivot point (a candle that has a star under it) which meets a key level. BE pattern must have an acceptable and strong body. You can ignore weak candles. Ignore the BE pattern formed just below a resistance or potential reversal area. It excites me to see a BE pattern at the lower point of the price but a BE at the end of correction sounds good too. If the BE pattern occurs on the LL pivot seeing a key level and the volume also confirms that by crossing the VMA20 (volume moving average length 20), you can enter definitively. If the entry requirements are met, the closing price of the BE pattern will be my entry point. Do not enter if the green candle of the BE pattern is abnormally big. You can wait for a pullback or you can ignore the pattern. BE pattern in the bottom of a range box could also be a good chance to enter but you have to be careful where the range is. As you read before, this article is about finding the entry point and after clarifying that it's time to find out where you need to put your stop loss and your take profit but, these topics not fit in this article. You can refer to the other available resources covering these topics. Both of the indicators mentioned are developed by myself, so I tried to apply my best practices to them. I hope it was useful for you. Feel free to submit your comment to improve the strategy or the indicators.
by bhnmzm
2
AMZN support and resistance in daily NASDAQ:AMZN Hey everyone . So in short term timeframes (1H , 4H) AMZN is moving in a descending channel which is leading price to two strong support levels : 3175.00 and the second support level which is 2900.00 well of course for investors the price 2900.00 is very nice to enter But for traders 3175 can be very nice after bullish confirmations (candles , divergences ect ..) at this price this is just technical analysis and we must see what's gonna happen to #DXY and U.S economy and also the company earnings report in further weeks , so also don't forget about fundamental analysis . Anyway it's better to watch #AMZN for this week and next week . what's your idea about this stock guys ?
NASDAQ:AMZN
by mahdirhimi
it's so possible for USDJPY to fall when the market opens OANDA:USDJPY hello guys , I hope you're all well and having nice time . let's see USDJPY now , I think the bears are entering right away for a nice short , but we need to hold on and wait for the candle to be closed and also we must take the confirmations . As we can see in the chart 1- the price has touched a very important resistance with 3 touches , so our resistance is very strong . 2- the momentum has decreased and it's becoming bearish 3- RSI is in overbought range (77) 4- there is also a bearish divergence (RSI) in 1h timeframe 5- there is a bearish cross on MACD but in 1h timeframe So must we go a short ? I also show the important support and resistance levels in the chart : 111.650 110.800 110.400 110.155 109.600 109.120 108.770 so your taking profit is better to be set on one of mentioned levels but anyway it's your personal decision according to your trading strategy , personality and your risk and and money management .
Short
by mahdirhimi
Upward Movement ExpectedA strong move may cause an up break for the range box and TL1. I will enter if that happened with a good candle. I also could wait for a pullback to the range box to enter. My stop loss or second buy could be around $0.9 according to the candle's status. and I'll take $1.28 as my first target and $1.5 as the second target. TL2 has been broken by a range which reduces the importance of the breaking. Also, there are two abnormal pin bars in the range that prevent me from believing the price will keep falling. Even so, it’s possible to have a down break for the range. In this scenario, $0.87 to $0.9 could be a strong buy zone if it fit one of my strategies. I'll update the idea according to the situation. : ) Indicators used: - Trend Key Points - Abnormal Pin Bar - Common Candlestick Patterns - Volume
Long
by bhnmzm
3
EURCAD: Potential Short Trade 🇪🇺🇨🇦 EURCAD is testing a peculiar intraday structure resistance. Watching the reaction of the price on that we see multiple rejection and dodji candles. The price started to trade in a local consolidation area. To short the market with confirmation, wait for a breakout of 1.477 - 1.4775 support. It will be our trigger to open a trade. Goals will be 1.473 / 1.469 In case of a bullish breakout of a yellow resistance, the setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
11
EURUSD... Ready to LongFX:EURUSD The chart is well explanatory on its own, let me just clarify to prevent confusion and uncertainty Denoted Terms: 1. Key support level (Lower rectangle) 2. Entry level :- Horizontal green line 3. Near resistance/support (Upper rectangle) 4. Take profit levels:- Horizontal blue and purple line The indicator used :- Relative Strength Index (RSI) 1. From the indicator+chart analysis, there is a bullish divergence there, which clearly we can see its sitting on the key support level 2. Dynamic Support and Resistance (EMAs):- There is a tendency the 10 (yellow color) & 20-PERIOD (blue colour) EMAs become dynamic support after a close price on the entry level i denoted, followed by a confirmaton candle Also on 4hr timeframe, trading 50% fibonacci retracement, see that below Trade Setup Trade Type : Buy Entry : 1.17550 - 1.17650 T.p 1 :- 1.18465 (91 pip in profit) T.p 2 :- 1.19060 (150 pips in profit) Stop loss price :- 1.16930 (62 pips in loss) RRR :- 1 : 2.5 Like and comment what you think on this... Let's trade and win together. Happy trading CryptoKings!!!
Long
by Skuchies_CryptoKing
1
Wyckoff redistribution for BTCNote: This post is quite a reach from a bearish perspective and just an idea. I have about 70% confidence i n it. This is looking more likely to be a Wyckoff redistribution than a reaccumulation simply from the patterns I'm seeing formed within the range. We will only know for sure though after a break below the range and a bearish retest of SC after breaking to the low (I'll be buying on bounces at all the fibonacci levels starting from 1.272 all confluent with monthly/weekly demand zones and selling on bounces until the 200% fib retracement target with stop losses at entry after bounces. I believe we can come as low as the 2.618 at around 13k not likely though. In the recent short term there was a wyckoff reaccumulation to the 200% fib target which couldn't hold a bullish retest of its buying climax. I will try to get a short in between 33.3k and 33.7k. Key level I'm setting buy orders for now are at 30.3k for what I think will be one last bearish retest before breaking down from the larger range. Avoiding buying alts until around 50% of the monthly imbalance on btc.d is filled. Bitcoin Dominance has a big imbalance on the monthly it is looking to fill. But once filled to maybe 50%-100% I think there will be a big fast drop again to new lows for a new big alt cycle from the pattern I'm seeing formed. The monthly close 2 days ago was also the quarterly and half-yearly closes. If the first few months or 2 are started red, we might see the quarterly or half-yearly shift momentum to the upside and leave a wick to the lows. You might be thinking we need to retest breakdown of previous wyckoff redistribution range. To that I would argue we might not get it because the target of the 200% fib retracement has already been reached. It has actually come down to 2.618. Eth BTC also looking bearish on the weekly. Currently faking out from the shorter term .618 retracement. Might be the last post for a while.
Short
by taochoy0102
2
Double Tap With Weekly Key Level Setup This is a major key level set up With the weekly level being the star of the show this week. I am looking for either a pullback off this level that will be bullish of course. Or a smaller pullback that could lead to a continuation further down. My bias? This is about to be a reversal. We already reached this area on March 31st. Now we have returned. This could be a double-tap move for the bull run. We'll have to watch it and see. BULL TPS: • 1.47951 • 1.48377 • 1.49166 BEAR TPS: • 1.46560 • 1.45902
by NikaJourney
Bearish Engulfing Retest This WeekPrice came back to a weekly level and rejected it once again. this time, it created a bearish engulfing to end the week. So this week I am looking for a retest of this bearish engulfing That happens to be on the daily timeframe. Also on the daily, you could see that it formed a bearish harmonic. So I am expecting this to be heavily respected. This could be an indication that we are breaking a range that has occurred for several weeks now that is also seeing clearly on a daily timeframe. So, this can possibly signal a major breakout swing trade for the short starting this week. But first, let's wait for the pullback to be completed first before we take the swing sell. This has been a fun pair to trade for all of April. Can't wait to enjoy more this month. BULL TPS: • 151.328 • 151.633 • 152.091 • 152.459 BEAR TPS: • 150.834 • 150.359 • 149.833
by NikaJourney
Multiple Confirmations For The ShortI have multiple confirmations for the short to last at least a few days or for the week. We have a bearish engulfing on a daily timeframe plus, we also have multiple bearish engulfing candles on the 4-hour chart after the monthly level was respected as resistance. So one of two things is going to happen: this will be a pullback for another bull run, or we're about to do another nosedive to make a new lower low. Let's find out. BULL TPS: • 58096 .71 • 59603.93 • 61359.15 BEAR TPS: • 55750.00 • 54364.99 • 52953.39
BITSTAMP:BTCUSD
by NikaJourney
Possible Retest For A Swing Sell Happening This WeekLast week, GJ showed fatigue at a weekly level and took a nosedive for the week. It actually created a bearish engulfing on the weekly chart, so I', looking for a retest of last week's move before a continuation down. I have my BULL TPs a little too high this week because I don't really know how long the pullback will last before we continue dropping. Always good to play both sides of the field until you get what you want. BEAR TPS: 149.837 149.334 148.296 147.442 BULL TPS: 150.834 151.260 151.633 152.091
by NikaJourney