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Keylevel

BATUSDT is testing the key levelThe price had a breakout from the rising wedge after a false breakout from the monthly resistance at 0.43$. the price is testing the 4h support again, as you can see on the left that support is a key level for the price. How to approach it? IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
EURCAD Rise to channel Resistance + 100 PipsWelcome back! Here's an analysis of this pair! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
6
USDJPY: Are Sellers Ready? 💣The key psychological level of 135 provided immediate resistance for sellers but is now showing signs of being a sell trap. Since a high amount of sellers joined at the key level and the trend line breakout, I believe liquidity will be targeted above this high before we see any signs of bearish momentum. When the liquidity has been taken, I will be looking for shorts with the team. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
9
Possiblity For A New Lower Low. BULL: • 110.315 • 114.740 • 119.304 BEAR: • 101.326 • 95.518 • 89.848 I know that the President is trying to keep oil prices low in the U.S. which explains why oil dropped as low as it did. That, and it had a gap to close according to my broker. Now that the gap is closed, trying to see if oil will make a new lower low this week, or will we hover above the $100+ a barrel mark for a little longer. The daily bearish engulfing was also fully retested on to finish last week off as well. So The daily could be confirming the new lower low is going to be made. Let's see.
FX:USOILShort
by NikaJourney
1
CADJPY: Defense Barriers 🛡Like most XXXJPY pairs this one is also extremely over-extended. I find it hard to believe that market makers have made it so easy for buyers with a simple trendline breakout buy. This will be liquidity to target when sells do become available. That leads us to when sells will become available. The answer is unknown but we do have two strong key psychological defence barriers around 104 & 105. If this slows price and some manipulation occurs - we can sell down into my target levels. Until then we must sit on our hands. What is your view on this pair? 💬
Short
by AlkalineFX
8
📊What is a key level? How to use it in trading? Clear tutorial!What is a key level? A key level is a price level on the chart that creates the support or resistance to the price when it falls or rises. A key level is also called an extremum. 📊There are 3 types of levels in total: 1. Resistance level — when price rises and rebounds down when it test the level. 2. Support level — when price falls and rebounds up when it test the level. 3. Mirror level — when the level is both support and resistance. 🚩How to identify the key level? As a rule, the key level may be either the price maximum (high, H) or minimum (low, L). Price maximums occur when the price moves in a trend (bearish or bullish). It is harder to identify the key levels during consolidation, because often the price simply blurs them, making false breakouts, as we can see on the Bitcoin chart. Especially often the key level is the global highs (ATH). It can be found on any timeframe, but the higher it is (4 hours, 1 day, 1 week), the more clearly they work, because the level of 1 week may be identify by a scalper, a swing-trader or an investor, while the local levels of 1-30 minutes are only looked at by scalpers, i.e. a smaller total number of traders. Usually, the key level is an even number: 1, 50, 100, 1000. For example, $ 50,000 for Bitcoin, $ 2,000 for Ethereum, $ 1.5 for Forex pairs. 💹Why do key levels work? It's all because the traders place their orders near these levels. To put it simply, key levels work and price reacts to them, because a large number of traders often use them. Every trader knows that when Bitcoin is falling, the level of $ 20,000 will be support for the price, because this is the level of the previous ATH, and most traders put buy orders, so the bounce of the price can be huge (10-20%). ✅How can you use a key level in trading? There are many different uses of the key level in trading, for example, trading a rebound from a level when a trader places a buy order below the level or a sell order above the level. As I said before, the more prominent the level on the chart, the stronger the price pullback, so some traders place their orders near key levels in advance to buy or sell at the best price. Also, I use the key level on 30m-4h timeframses to identify price weakness or strength for false breakout trading. A false breakout of a key level shows that most traders are set up for a price move in the other direction. 🔥As many traders as there are ways to use the key level. My advice is to be craftier and use the key level with the rest of the technical analysis instruments, candle patterns, indicators. That way your win rate can increase significantly when different approaches are used together. 🏁Traders, how the key level helps you to identify the best entry point? Share your idea or a screenshot in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
6
CHFJPY Structure Trade I SHORT Welcome back! In the current New York Session, we are monitoring CHFJPY for a short entry around the highlighted resistance zone. Price has corrected to previous daily structure (major level support/resistance) where we expect more downside movement from here. Price is also below 50 MA on daily. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy