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Psychologicalroundnumber

Nice Divergence At Structure (CJ Analysis)Hi guys, after a dead calm Monday, we're now ready for the intense week ahead. Here's what i'm going to look attentively over the next week, very nice setup on the daily chart. RSI Divergence, with an Engulfing and a psychological number at a previous Structure level. This could be a reversal: bus as you may know from my previous analysis, i usually get my entries down on lower timeframes, therefore keep you eyes peeled on the hourly and 4h chart. I'll update you in case of entries. If you want to share your view, or just ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Patient! Be patient! (Short AUDUSD)Hey guys, i've been waiting for this setup to complete for two weeks now, and finally price has reached the level that i was waiting for, and in addition to that, it also gave us some nice shorting signal. First, the yellow box represents a daily level of structure, this is a key factor in my strategy and it allows me to find reversal trades in smaller timeframes such as 4hr and 1hr; in this case in the 4hr you can see we're in overbought RSI condition, we're facing a strong psychological number along with some fibonacci ratios and we've put an engulfing candle that tells us bears could change the current 4hr trend. In the overall picture in fact, we are in a downtrend, and that's why i think the second target could go very low, depending on the future market condition. As of now, i'm waiting for a pullback in order to short, with stops above the highs, target1 at roughly 1-1,25:1 RR, target2 to be determined. If you have any questions or ideas to share, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
15
Patient! Be patient! (AUDUSD Short)Hey guys, i've been waiting for this setup to complete for two weeks now, and finally price has reached the level that i was waiting for, and in addition to that, it also gave us some nice shorting signal. First, the yellow box represents a daily level of structure, this is a key factor in my strategy and it allows me to find reversal trades in smaller timeframes such as 4hr and 1hr; in this case in the 4hr you can see we're in overbought RSI condition, we're facing a strong psychological number along with some fibonacci ratios and we've put an engulfing candle that tells us bears could change the current 4hr trend. In the overall picture in fact, we are in a downtrend, and that's why i think the second target could go very low, depending on the future market condition. As of now, i'm waiting for a pullback in order to short, with stops above the highs, target1 at roughly 1-1,25:1 RR, target2 to be determined. If you have any questions or ideas to share, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
7
See the big picture first! (GBPCHF setup)Hi guys, after catching the big fall here (see attached analysis) today i want to show you both the charts i'm using just to give you a better perspective on how i look at markets. On the left hand side you can see the daily chart and price came back to retest a former resistance that should now become support. Why am i supposing this? This is the principle behind structure trading and it comes from a mixture of trading psychology and pure technical anlysis. Since we're now testing this sensitive zone, i start to look for long signals on the 4hr chart: on the right hand side you can see the 4hr chart and you can also see a nice divergence on the bottom of the screen, together with a psychological number that's pushed price higher. It looks fine to me, with stops below the low, target1 at little more than a 1:1 RR, target2 to be determined: if we catch the bigger trend, second target could be huge! If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
4
See the big picture! (GBPCHF long setup)Hi guys, after catching the big fall here (see attached analysis) today i want to show you both the charts i'm using just to give you a better perspective on how i look at markets. On the left hand side you can see the daily chart and price came back to retest a former resistance that should now become support. Why am i supposing this? This is the principle behind structure trading and it comes from a mixture of trading psychology and pure technical anlysis. Since we're now testing this sensitive zone, i start to look for long signals on the 4hr chart: on the right hand side you can see the 4hr chart and you can also see a nice divergence on the bottom of the screen, together with a psychological number that's pushed price higher. It looks fine to me, with stops below the low, target1 at little more than a 1:1 RR, target2 to be determined: if we catch the bigger trend, second target could be huge! If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
14
Primecoin interesting levels to watchI marked on the chart two important GAP's on weekly chart which are playing important role during price movement. The blue one seems like is respected by the market since may of 2015. Every attempt to go below or above this level is met with strong resistance. The green is the one which I will be observing as this one should act as support for further gains. I would set TP just below very important psychological number which is 5000 combined with three solid gaps(marked with yellowish colour). If the blue GAP will be pierced with solid bullish candle and it will sustains gains above for some time it will be opinion very bullish signal.
XLong
by Krystiannwk
PPCBTC important support/resistance level to observePeercoin made some nice move towards north lately. It seems like that peercoin lose some value against bitcoin after BTC made some new highest highs. I marked area very close to the psychological round number which is 0.00100000. Blue rectangle includes all the GAP based on weekly chart. I assume that if the pair will come closer to this level some interesting price action will take place. It is hard to say what will happen after. I think there are two possible outcomes. Market will respect this level and stop losses or pair will consolidate. When look at my previous idea about this pair you will see that last round number bring some nice gains and worked perfectly as the support area. Bold black line is in the place where pair found resistance in 2016 creating false double bottom signal. I suspect that this is first wave of the bullish trend. If the price will be stopped by combined GAP's and eventually lows from 2016 it should go north and reach next important level which is 0.00220000,
PLong
by Krystiannwk
2
OMNIBTC chart packed with all sorts of patterns and formations There are many interesting formations on this chart. First of all is double bottom where pair reached 0.00100000 in March this year and October 2015. It is clearly visible on weekly chart. We have upside down head and shoulders formation created from doji candles (it’s look better on hourly chart) . Rounded bottom (marked with blue curved line) . Pair is trading above 200 Ema which is bullish sign. This pair also established support level around 0.0020000 which is marked with bold black line. I marked with black parallel lines most of the GAP above the 0.0020000 area so you can see how market is reacting to them (GAP’s are treated as the solid support to push higher which is suggesting strong bullish potential) . This pair with all the mentioned formation looks very bullish to me and I’m pretty sure that this pair will reach 0.0150000 or maybe 0.020000 in future.
OLong
by Krystiannwk
2
Short on GBPCADHi, pound has been really strong over the past weeks, it's a bit risky to trade against it but i cannot help but make my usual analysis and trade it. The daily structure is represented by the blue box, plus the RSI in the daily is way overbought. So this is what i'm looking for when i seek for a reversal: as we go down on 4H timeframe, you'll se a nice divergence followed by an engulfing candle that should tell us bears are entering the market. Now price is pulling back and it's giving us a better risk to reward ratio. Stops above highs, target1 at the retest of the low, target2 to be determined. If you want to ask questions or share your view, comment beneath. Otherwise, see you in the next chart!
Short
by Roker1
Reversal area on EURCAD!Hi guys, lately price action didn't go in our favor. I apologize to you if you did take some losses because of my charts, but one of the hard part in trading is to keep using the same methodology (proven to be valid) over and over again, without sabotaging it. So here we are with one of the usual structure plays on the chart. As you all see, euro has rallied a lot this week, and in this particular pair it reached a key resistance area that could stop the rally and start a reversal. Why am i interested in this particular zone? Simply, look left and you'll notice some of the previous touches on that level that always provided with some good shorting opportunities. So the previous behaviour could repeat again. Plus, we also have an AB=CD pattern that's just completed and the RSI is way overbought. It additionally confirm the good spot we're in. So keep a look at the lower timeframes seeking for a shorting signal in price action, such as double tops, engulfings, pinbar and so on. I'll keep you updated. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Aussie Update I was checking this pair after I opened long position. Monday opening was interesting(GAP). I'm aware that correlation with EURUSD had big role here. Honestly I was expecting that the pair will go down to test GAP and will go straight to reach my TP. Between 7530 and 7555 there are combined two GAPS as well which should hold losses plus 7500 as the strong psychological number. Based on the price action from the last week I'm much more in favour of short position with TP around 7173. This pair broke series of strong support/resistance areas with ease.
Short
by Krystiannwk
1
Reversal Pattern on USDCADHi guys, on USDCAD price has reached a key resistance area, therefore i were looking for a potential selling opportunity at this level. In the 4hr chart you can see we have huge divergence, along with a psychological number that could also provide some resistance. But most importantly, price has formed a reversal pattern being the sequence of those 3 candles at that structure point: price broke through that level and after that break formed a doji candle followed by an engulfing. This signifies a lot of selling pressure. Thus, i'm waiting to see a small pullback in order to get a better entry and therefore a better risk to reward ratio. Stop above the highs, target1 at roughly 1:1 RR, target2 to be determined. If you want to share your view, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Possible Reversal on USDCADHi guys, on USDCAD price has reached a key resistance area, therefore i were looking for a potential selling opportunity at this level. In the 4hr chart you can see we have huge divergence, along with a psychological number that could also provide some resistance. But most importantly, price has formed a reversal pattern being the sequence of those 3 candles at that structure point: price broke through that level and after that break formed a doji candle followed by an engulfing. This signifies a lot of selling pressure. Thus, i'm waiting to see a small pullback in order to get a better entry and therefore a better risk to reward ratio. Stop above the highs, target1 at roughly 1:1 RR, target2 to be determined. If you want to share your view, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Previous Support becomes ResistanceHi guys, this is one of the simplest method to read structure, in a downtrend, when a support is broken, it most likely will become resistance once retested. Stops above highs, target1 81,2x level. Target2 to be determined. Don't know if i'm getting involved since i have two other CAD pairs on my watchlist. I'll let you know. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Counterparty / Bitcoin trading close to major supportTriple bottom marked (three orange ticks) combined with GAPS (black parallel lines) above psychological level created very solid support. In my opinion it is good idea to wait for the pair to go close to the 0.0020000. I would look for 0.0062000 area as the good TP but there is a chance that 0.0050000 will most likely bring some interesting price action. I would wait for some kind of confirmation that price will go north (hammer, engulfing candle, etc.)
XLong
by Krystiannwk
8
Decred above solid support chance to go higher This Idea is related to the previous one which is linked. Pair managed to go above psychological level and established nice support there ( doji candle marked with orange tick). I placed on the chart trend line (red) and brown where pair will find strong resistance. In My opinion next level is 0.01776000 and then probably 0.020000. 200 Ema should help ascend. There is still a small chance that the pair will go beyond the psychological level 10k just to go back on track.
Long
by Krystiannwk
Aussie interesting price action There is slightly irregular three soldiers formation on hourly chart. Weekly chart is revealing price range between the Aussie it trading for the last year( Range between 7170 and 7710) Bottom line was tested twice while the upper part was tested multiple times. It is clear that every time price reached bottom part of it and than moved very quickly towards north. This price action suggest that buyers are in strong position here. Aussie found strong support in 7500 area. There are two outcomes I can see here : 1. The support at 7500 will stop losses and price will move towards 7640 2. The price will go thru this area with nice bearish candle and will go to test 7200 area for third time
Long
by Krystiannwk
LTC good chance to beat higher high from 5th of AprilIt is quick review of recent LTC price movement. It seems to me that LTC created very nice not perfect but still upside-down head and shoulders formation on 4H chart. What is important here this formation is combined with significant round number which is 10$. I marked with orange tick big bullish candle which is good signal for further gains. When big bullish candle like this appear on the chart its lower part of body is treated as support which is here somewhere around 9.90$. Price could go below it for short period of time but there is good chance that 200 ema will push it back on track and price will reach new highest high. If the price will go lower I would wait for hammer with long shadow.
COINBASE:LTCUSDLong
by Krystiannwk
2
Short AUDUSD?Hey guys, here comes a structure trade: as you can see the last downward impulse has broken the previous support, this specific level becomes the first candidate to become new resistance (this it the key principle for structure traders). At this level happen to be also some confluences like a 618 retracement, a psychological number (1,46) and the divergence down in the RSI. Also, price has recently created a pinbar followed by a red big candle. This is enough for me to take a short position with stops above the highs, target1 at the retest of the most recent low, target2 all the way down to 0,75. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
6
Can we short AUDUSD?Hey guys, here comes a structure trade: as you can see the last downward impulse has broken the previous support, this specific level becomes the first candidate to become new resistance (this it the key principle for structure traders). At this level happen to be also some confluences like a 618 retracement, a psychological number (1,46) and the divergence down in the RSI. Also, price has recently created a pinbar followed by a red big candle. This is enough for me to take a short position with stops above the highs, target1 at the retest of the most recent low, target2 all the way down to 0,75. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1