Buy Setup Based on Psychological (Round Numbers) Levels Strategy
Setup Based on Smart Money + Psychological Levels Concept's Potential Entry on New York Session Might Need to Hold the Trade on Weekend
Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #GBPJPY looking at the chart and what the market has been doing I see the market was going p recently and now trying to hold above 152.00. if the market successfully hold the 152.00 and was able to move up then it will test 15300, which I...
SL: 1.18950 (-5.0) | 5 pip stop loss SE: 1.18899 (-0.1) | 0.1 pip slippage TP: 1.18800 (3:1) | 3:1 risk-to-reward
Just like Bitcoin, ETH is green today. We have drawn our psychological levels, where we expect the price to react. From now, we will be looking for futures long opportunities in low timeframes if Bitcoin shows bullish strength and Ethereum retraces enough to trade comfortably. Hope you take advantage of these, Alkalites.
LONG EUR/USD, ***IF there is a clear rejection around the current level, wich is on the 1,19500 monthly key level (psychological level), it is also on the 50% level of the fibonacci taken on the monthly and it is on the -27,20% level of the fibonacci taken on the daily. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT GBP/JPY, ***IF there is a clear rejection around the current area, wich is on the 150,500 monthly key level (psychological level) and it is also on a daily key level. The market is over extended and is showing signs of a divergence (pink lines on the RSI and on the chart). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT USD/JPY, IF*** there is a clear rejection around the current area, wich is on a the 107,000 monthly key level (psychological level), it is also on the 61,80% level of the fibonacci taken on the monthly timeframe and it is at the top of an uptrend channel. The market is also over extended (seen on the RSI). IMPORTANT : I am only showing an analysis on one of...
Afternoon Traders, we are currently now seeing some interest in sentiment from BTC as the overall market cap just sniffed the $1.5 trillion market cap over the weekend. Interesting to mention that squeezing wedge style patterns do not always result in continuations, and our illustration is clear proof of this. what do I see now well I have been expecting a...
SHORT GBP/JPY, ***IF there is a clear rejection around the current level, wich is on the 144,000 monthly key level, it is also on the top of a uptrend channel and we can notice that the market is starting to be overbought. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
LONG EUR/NZD, ***IF there is a clear rejection around the current level, wich is on the 1,66500 monthly key level (psychological level) and it is also on the -27,20% level of the fibonacci taken on the weekly timeframe. There is a divergence in the market (pink lines on the chart and on the RSI), wich suggests a possible move to the upside. IMPORTANT : I am only...
Afternoon Traders, I've illustrated and highlighted 1 likely scenario given the state of the Dollar and relative strength from the EURO, this chart clearly illustrates a bullish movement as we pushed above the 1.2000 level this being a KL, the pattern is suggests a continuation of the overall trend at a test the 1.2000 level as is it lines up with the 79 - 88%...
Price currently residing below 1.37 after a break above and break back under our whole level. Are we going to see more downside movement during the week? Or will price continue to test the upside? Remember this pair is very fundamental - keep an eye on the news surrounding both currencies!
Signs of candlestick rejection around the psych region, with a doji reversal patterned formed on the 15min timeframe. Could see some exhaustion in euro strength, inevitably allowing for price to move to the downside.
USD/CHF - Daily Chart - Our blue daily key level is market at 0.9000 whole level. We're expecting price to break our current 4 hr level during next week and rally up to test our blue highlighted level. The green arrow shows the potential price path the pair could make in the longer term.
Previously 24k was a clear strong support. Once breached the pair found resistance at 25000 with multiple rejections. The trend I noticed once a key level breaks is a push to the next psychological whole number (22 k to 23 k, 23 k to 24 k, and 24 K to 25 k). I mapped out my trend pattern sentiment to visualize what I see. We may see some volatility between 24 K...
W1 - Price is bouncing lower from the strong resistance zone formed by the 61.8% fibonacci expansion level of the first wave. Bearish divergence. H4 - After the first move down currently it looks like a correction is happening in the form of a range. Until the key resistance zone formed the top of the range and the 0.91 psychological level holds my view remains...
Today we reached a key level for this pair at .74000 for the second time from the .55000 low in March. Despite the dollars weakness AUD was not able to push through .74000 and was immediately rejected. A rejection from this point aims for .72200 for the first retest. .73710 is this pairs exhaustion point established from the .55000 low. Exhaustion points are...