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GBPJPY - Where will we go after 150. ? 2020's bullish run into 2021 has most defintely surprised us all, but is it time for a potential reversal once we've exhausted the 150. level? - I'm personally bearish once liquidity has been snatched between 150-150,500 where retail stops will be on last week's short sellers. -A very interesting week or two coming for this pair I feel, has the mood changed? -DXY strength could come into play next week, which could give that fundamental push to the yen. -*First entry indicated is more of a potential retail buy setup and stop loss, I'd wait for a confirmation rejection from the bottom of the grey order block below before longs to 150-* - Second entry shown gives me more confidence and confluence to take the trade depending on how momentum appears when approaching these key levels. What are your thoughts? This is only my perspective on potential price action that I shall be looking for over the coming days/weeks as indicated.
by WRJ_FX
2
Possible break to $1860 if $1780 breaks...Possible break to $1860 if $1780 breaks... I am cuurently observing the $1785-$1790 level. Breaking here should put more pressure on the price to decline. Support here and we could go back up to test the 1800-1808 level. Im not in any positions at the moment. I've emphasised on remaining short in this market unless momentum suggests otherwise, yesterday was another reason why we're not longing yet. Our potential overall target of 1780 is getting closer. Let's see if we get a breakout to the downside.
OANDA:XAUUSD
by FTUKcom
15
Which Will Win? Daily Level Resistance or Bullish ConfirmationLooks like the daily level at 142.267 area has been a strong area of resistance for a little while. But an inverted head and shoulders formed at the top of the trend to finish out last week. The question on my mind is which will win the big move for the week? The daily level's strong show of resistance? Or the candle pattern that's signaling a strong bull run continuing? About to find out. BULL TPs: • 142.267 • 142.626 • 143.142 • 143.706 • Strectch TP: 144.788 BEAR TPs: • 141.374 • 140.958 • 140.723 • 140.373 • 140.171
by NikaJourney
4
Possible Candle Formation Will Determine Trend DirectionThis looks like an incomplete inverted head, neck, and shoulder forming on the 4hr after the strong bullish move the later half of last week. We did pass a weekly level, so a pullback is likely, but may not hold for very long. If we breakthrough both the weekly 1.55481 and daily level 1.53147 areas, we'll continue on the downtrend seeking to reach a new low. Let's see how this plays out. BULL TPs: • 1.55140 • 1.55357 • 1.55772 • Stretch TP: 1.57114 BEAR TPs: • 1.54481 • 1.53962 • 1.53488 • 1.53147 • Stretch TP: 1.52359
by NikaJourney
Cardano Correction or move up?in this time frame we have a great ascending channel as you see in the chart, and key levels of support and resistance .for now price follows the bearish trend line and one unsuccessful break out and a triangle pattern as well. if the price could break out successfully and stabilize above the resistance we can see bullish movement to the top of channel 48 or 50. but if price be unable to break above and break downside of the triangle and ascending channel the two main support could be great area for price recovery and powerful movement to the higher targets.
by behnamkarimi6
There are two possibilities on GBP/AUD with short-term...Sterling is still displaying a degree of resilience on BoE rate recalibration grounds due to Governor Bailey’s NIRP push-back yesterday, but also on a slightly more positive note from UK PM Johnson who claims to see signs that national lockdown is stemming the pandemic spread. Cable has rejected 1.3700 again, but bounced from sub-1.3650 lows after a temporary breach of a Fib retracement level (23.6% of the move from 1.3450 to 1.3701 at 1.3642) and Eur/Gbp is filling what looks like pre-fix RHS orders just above 0.8900 after failing to extend the downside through the round number. Aussie under 0.7750 pre-NZ building consents and retail sales by card payment, plus Chinese trade data, with little lasting support for Nzd/Usd from ANZ retracting its forecast for the RBNZ to adopt NIRP. There are two possibilities on GBP/AUD with short-term upside favoured.
by FTUKcom
4
Litecoin key S/R levelsHello crypto community! Check out my analysis on LTCUSD. In the chart you can see strong zones where I am going to buy. Now LTC is inside neutral zone, I am waiting for the next movement. More information about my trading style: I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come. Leave your comments below!
BITFINEX:LTCUSD
by Asanato
6
NQ Power Range Report with FIB Ext - 1/12/2021 SessionContract - CME_MINI:MNQH2021 - High - 12929.25 - Low - 12898.25 Evening Stats - Gap: = N/A - Session Open ATR: 201.30 - Volume: 18k - Open Int: 229k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2021
by mv3trader5
NQ Power Range Report with FIB Ext - 1/8/2021 SessionContract - CME_MINI:MNQH2021 - High - 12945.00 - Low - 12919.25 Evening Stats - Gap: = N/A - Session Open ATR: 199.70 - Volume: 26k - Open Int: 229k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2021Long
by mv3trader5
USDJPY - Intraday analysis🙋‍♂️ Hello FX Community! Check out my Intraday analysis for USDJPY and my entry levels. More information about my trading style: I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come. 📲 In the chart, you can see the Long / Short levels into which I set a limit order and then when filled I manage those positions with the information provided by volume . If the market starts to create volume on the wrong side of the level, I try to end the position at the breakeven point or stoploss. My profit target is determined by chosen RRR or by key levels and S/R zones. If the market runs through them, they can be traded from the other side as well. Supports become resistances and vice versa. ❗️ First of all, when I have the level identified, I set a stoploss. Stoploss is determined by several criteria. It must not be foo far and it must not be in an area that serves as a magnet, such as POC , Key Levels or a stoploss zone where the market runs out of liquidity. Summary: Stoploss is determined by: ✅ Pivot high/low ✅ Logical VolumeProfile zone ✅ Low-Volume Node and High-Volume node ✅ Outside key levels 🎉 Trade management rules: ✅ When I see two whole 5-minute candles on the wrong side of the level (for short level “above”, for long level “below”) I move my Take Profit to Breakeven point (entry level) and exit the position if possible, at the entry point if not, at stoploss. ✅ When 80% of the Profit target is reached, I move my stoploss to the BE point. Hope it helps, See you next time!
by Asanato