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Psychologicalroundnumber

Double Top on GBPAUDHi guys, this morning we could have a chance to get involved in this trade. Now i'm going to explain you why: first of all, the big yellow box represents a daily structure level, this level happens to line up pretty well with the 618 retracement of the bigger daily leg. In this cases i seek for trading opportunities down on lower timeframes: on the hourly chart you can see we have a double top forming right now, with RSI divergence. An additional clue could be the psychological level price is testing (1,6700). I'm waiting to see how the next candle will be. 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
Structure Play! (EURCAD analysis)Hi guys, i wanted to share with you this simple structure play. If you zoom out or if you give a look at the daily chart, you'll see that we are now testing a key structure zone on the daily. Therefore i use to lower a timeframe in order to catch an inversion with nice risk to reward ratio. This level also lines up pretty well with the 618 retracement and the psychological number of 1,4100. Plus, we've got RSI divergence and RSI overbought at this time. The clues are enough for me to take this trade, i'm waiting a pullback in order to get a better risk to reward ratio. Stop below the lows, targets as illustrated above. 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
LBCBTC Re-enter as the pair is holding above support Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March which results in trend reversal with sharp movement towards north. GAP support is tested on Daily chart for time being. There are also two more important signals which 50% retracement plus round number 0.000040000 which is slightly below GAP. ...I closed position just in case this pair would go down further. __________________________________________________________________________________________ Additional information : Losses stopped at the support created by bodies of candlesticks from January and big bullish candle from 28th of March. Sometimes body of the candle is creating support in other words big bullish candle make support at the opening. See the other bullish candle and how pair react when it met level close to the bottom of this candle. I seems like that there is still potential for nice run towards 200 Ema or 1K level.
LLong
by Krystiannwk
7
FlorinCoin more detailed market insight on 4H4H chart revealed some interesting price action. Psychological level (0.00001000 round number consolidated with GAP) mentioned in other idea was tested twice in last 2 weeks with negative results. Few candles managed to close above but these profits were quickly erased by market. Doji candles also indicated that market is strongly rejecting any further gains by that time. 6th of April pair managed to go thru this level but in short time it went back to test it again. It is probable that 200 EMA will come with help and will push pair higher. It is also possible that any further losses will be stopped but this level and pair will come back on bullish trend. It is also possible that pair will move lower that's why I would suggest to wait for some strong signal.
FLong
by Krystiannwk
NXTBCT Double bottom and round numbers Pair established support close to 0.00000500 and then we can see almost perfect double bottom formation. It is solid signal for trend reversal. Price moved north and it easy passed .00001000 mark which happened to be quite support. 200 EMA is holding pair above it for last week and it suggest further gains. I would look for profit around 0.00002700 area. I would set SL just below 0.00001000 which gives us quite nice risk/reward ratio. I consider this as good opportunity because this kind of almost perfect formations are happen not so often.
NLong
by Krystiannwk
1
Decred important level to watchJudging by the look of the chart it seems like that Decred had its moment. This is what I thought when price of BTC was 30 dollars and then it moved to over 100. I don't really know what moved price of the DCR so high. It is still probable that it will move higher but from my experience there is more chance that it will move south. GAP( two black parallel lines) consolidated with psychological level at 0.0100000 level. This area should create strong support/resistance which in my opinion will most likely stop further gains and it will push pair south towards .05000 or even 0.03000 area. It is possible that pair will move above that level and then will established strong support which will sustain further gains.
by Krystiannwk
2
AUDJPY may breathe to the upsideHey guys, one of my usual analysis here. The blue box you see on the chart is a support zone drawn on the daily timeframe. That's important because i knwo that i'm looking to long as long as we are in the structure zone, not above, not below. And it is also important to place the right stop loss limit, for i know i'm wrong as soon as price breaks to the downside. However, on the Daily chart i've also drawn a Cypher pattern that's already completed. As we go down on the 4hr you can see some divergence on the RSI and a psychological level that could act as support as well. The last sign is represented by the engulfing candle. I'm waiting for a little pullback to enter. Let's see. If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
GBPUSD at a decision point! Will it hold?Hey guys, today i want to bring your attention to GBPUSD. As you can see, looking left, there are multiple structure level that acted as supports or resistances. This level also lines up with the 618 retracement and a psychological number. So i'm going to look for a double top or a simple candlestick formation right there. I'll keep you updated. If you want to share your standpoint, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
What's structure telling us? (EURAUD Analysis)Hi guys, this time i want to share with you a simple structure trade, in order to let you understand how i analyze markets so that i can find the best opportunities. I utilized two charts in this case for you have to get the reasons behind this thought process. In the left hand side of your screen, there's the 4HR chart, and you can see price has created two consecutive new structure high, that is the definition of an uptrend. Now, in order to get on the trend we must wait for price to come at our comfortable zones (where we can exploit the market): in an uptrend there are two levels to be careful of, the first is the broken resistance that could become support, the second is the previous support. Right now price is sitting right in the previous support zone and it seems to be forming a double bottom (with RSI divergence) that could give us a nice trading opportunity. Also, notice that there's the 618 retracement and a psychological number lining up in this yellow box. Definitely keep an eye on that. I'll update you in case of entry. If you have any question, or you want to share your viewpoint, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
5
Structure speaks to us! (EURAUD analysis)Hi guys, this time i want to share with you a simple structure trade, in order to let you understand how i analyze markets so that i can find the best opportunities. I utilized two charts in this case for you have to get the reasons behind this thought process. In the left hand side of your screen, there's the 4HR chart, and you can see price has created two consecutive new structure high, that is the definition of an uptrend. Now, in order to get on the trend we must wait for price to come at our comfortable zones (where we can exploit the market): in an uptrend there are two levels to be careful of, the first is the broken resistance that could become support, the second is the previous support. Right now price is sitting right in the previous support zone and it seems to be forming a double bottom (with RSI divergence) that could give us a nice trading opportunity. Also, notice that there's the 618 retracement and a psychological number lining up in this yellow box. Definitely keep an eye on that. I'll update you in case of entry. If you have any question, or you want to share your viewpoint, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Bunch of different clues on AUDNZD!Hi guys, i want to explain to you why i'm going to short this pair if price pulls back a little bit more. As you may know audnzd -0.12% has been moving upward without interruption: both in the daily and 4hr chart Rsi is in overbought condition, and this tells us that market is overextended and there's maybe some room to retrace and let the trend breath. Obviously i don't trade based off of only RSI , but it gives me a good indication of what the market could do. In this case we have different clues pointing in the same direction. First, we have structure at the black line level, together with a psychological threshold (1,0900): at this level you can see price has created a shooting star and then a nice engulfing candle. Also, there's a 618 retracement of the bigger daily leg that happens to be right at this level. With all those clues together i think there's no doubt. I'm going to short at the 1,09 level, with stops above the highs, and target1 at a 1,25:1 RR. Target2 to be determined more accurately. Good trading! Feel free to comment below for any kind of questions or if you want to share your view. Otherwise, see you in the next chart!
Short
by Roker1
AUDUSD bunch of clues!Hi guys, just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing. So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long. In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence. In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio. Hope you like it! If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
9
AUDUSD nice confluence!Hi guys, just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing. So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long. In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence. In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio. Hope you like it! If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
EURUSD buy setupHi guys, nice opportunity here on EURUSD. Price is pressing against a daily & 4hr structure level that seems to hold. We can say that simply by looking at the chart itself, price action creates a first low (at a psychological level) and then when it comes to retest it, it fails to create a new low and insted sets an equal low. This is the first sign that price isn't strong enough to break that level and we can assume that maybe its the starting point of a change in the direction of this market. When i see situations like this i start gathering different clues of my viewpoint in order to increase the likelihood of the trade. That's why i wrote them down on the chart above. Besides structure (and psychological number), price is at the 618 retracement of the bigger daily leg, and the RSI is in divergence with the price's movement. Also, price's put a nice engulfing candle at this level, giving us a reason to enter the market definetely. Stops below the lows, target1 near 1,0580, target2 to be determined (somewhere near 1,0650-80s. Good trading! If you want to share your standpoint or ask questions, feel free to write below. Otherwise, see you in the next chart!
Long
by Roker1
EURUSD long setupHi guys, nice opportunity here on EURUSD. Price is pressing against a daily & 4hr structure level that seems to hold. We can say that simply by looking at the chart itself, price action creates a first low (at a psychological level) and then when it comes to retest it, it fails to create a new low and insted sets an equal low. This is the first sign that price isn't strong enough to break that level and we can assume that maybe its the starting point of a change in the direction of this market. When i see situations like this i start gathering different clues of my viewpoint in order to increase the likelihood of the trade. That's why i wrote them down on the chart above. Besides structure (and psychological number), price is at the 618 retracement of the bigger daily leg, and the RSI is in divergence with the price's movement. Also, price's put a nice engulfing candle at this level, giving us a reason to enter the market definetely. Stops below the lows, target1 near 1,0580, target2 to be determined (somewhere near 1,0650-80s. Good trading! If you want to share your standpoint or ask questions, feel free to write below. Otherwise, see you in the next chart!
Long
by Roker1
EURNZD has to decide where to go! Will it break or will it hold?Hi guys, just wanted to let you know that i'm watching attentively to this pair, since price is testing a very important structure level that acted as support and resistance many times in the past. As of now, i'm looking for weaknesses in order to short the market: notice that we're deeply in overbought condition and price is testing a psychological number (along with structure) so any other candlestick signal would make me sell at market. Nonetheless we should be ready to change our mind if price breaks the structure yellow zone so that we can take advantage of both the situations. Never be unprepared! Think ahead! I'll keep you updated. If you want to share your standpoint, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Decision point on EURNZD! Up or down?Hi guys, just wanted to let you know that i'm watching attentively to this pair, since price is testing a very important structure level that acted as support and resistance many times in the past. As of now, i'm looking for weaknesses in order to short the market: notice that we're deeply in overbought condition and price is testing a psychological number (along with structure) so any other candlestick signal would make me sell at market. Nonetheless we should be ready to change our mind if price breaks the structure yellow zone so that we can take advantage of both the situations. Never be unprepared! Think ahead! I'll keep you updated. If you want to share your standpoint, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Lots of concluence on EURCAD!Hey guys, i wanted to share with you this setup for i've found lots of different clues pointing in the selling direction. As you can see in the illustration above we have: Cypher pattern (already completed), daily structure, an engulfing shooting star candle, a round psychological number, RSI divergence and RSI overbought condition all together in the same place. Given the situation, i think i'll undoubtedly set my orders on and wait for price to trigger them. I'll keep you updated. As usual, feel free to comment if you want to share your standpoint or ask questions. Otherwise, see you in the next chart!
Short
by Roker1
3
What a cluster! EURCAD analysisHey guys, i wanted to share with you this setup for i've found lots of different clues pointing in the selling direction. As you can see in the illustration above we have: Cypher pattern (already completed), daily structure, an engulfing shooting star candle, a round psychological number, RSI divergence and RSI overbought condition all together in the same place. Given the situation, i think i'll undoubtedly set my orders on and wait for price to trigger them. I'll keep you updated. As usual, feel free to comment if you want to share your standpoint or ask questions. Otherwise, see you in the next chart!
Short
by Roker1
2
AUDNZD look at this scenario!Hi guys, i want to explain to you why i'm going to short this pair if price pulls back a little bit more. As you may know audnzd has been moving upward without interruption: both in the daily and 4hr chart Rsi is in overbought condition, and this tells us that market is overextended and there's maybe some room to retrace and let the trend breath. Obviously i don't trade based off of only RSI, but it gives me a good indication of what the market could do. In this case we have different clues pointing in the same direction. First, we have structure at the black line level, together with a psychological threshold (1,0900): at this level you can see price has created a shooting star and then a nice engulfing candle. Also, there's a 618 retracement of the bigger daily leg that happens to be right at this level. With all those clues together i think there's no doubt. I'm going to short at the 1,09 level, with stops above the highs, and target1 at a 1,25:1 RR. Target2 to be determined more accurately. Good trading! Feel free to comment below for any kind of questions or if you want to share your view. Otherwise, see you in the next chart!
Short
by Roker1
2
Bat formation near the D point!Hi guys, here you can see a bat formation near to the completion D point. However, my analysis started from higher timeframe, where i've indentified the strong daily support sitting at 1,60 even handle number. The harmonic formation ends up right there and therefore i think it could be a nice opportunity to go long. Stops below X, targets at the .382 and .618 retracement of AD leg. Good trading! If you want to share your standpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2
Bat formation near completion!Hi guys, here you can see a bat formation near to the completion D point. However, my analysis started from higher timeframe, where i've indentified the strong daily support sitting at 1,60 even handle number. The harmonic formation ends up right there and therefore i think it could be a nice opportunity to go long. Stops below X, targets at the .382 and .618 retracement of AD leg. Good trading! If you want to share your standpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2