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Keylevel

Key levels 2.0 Key levels are psychological price levels on the chart where many traders base their technical analyses on. These traders are likely to place their bullish or bearish entries, and exit points around these levels. And as a result, key levels tend to be crowded with a high trading volume. Key levels also attract so much trading volume because that is where institutional traders make their trades as well. And thanks to their big-money moves, key levels are often resilient and lasting. How to Identify Key Levels There are three main types of key levels, and you are most likely familiar with them all even if you’re a novice forex trader. So identifying them should be quite easy. The Horizontal Key Level The horizontal key level is made up of support and resistance levels. But we aren’t talking about just any support and resistance level. We’re referring to those with lasting historical significance. You’ll find these horizontal key levels on the higher timeframes, such as the weekly and monthly timeframes. The horizontal key levels remain active for months and years, and the price mostly never gets across them without strong opposition. In the chart above, notice how the level keeps getting a lot of reactions from the price before it finally breaks. The Slanting Key Level The slanting key level forms on trends. It appears as a trendline on the chart. And just like their horizontal counterparts, slanting key levels mostly form on the weekly and monthly charts. The Rounded Key Level Rounded levels on the charts also form key levels. Our article on rounded levels tells you everything you need to know about rounded levels. But for the sake of this article, rounded levels are those price levels that are easily divisible by 100. They often end with two or more zeroes. Traders often place their trades around the rounded key levels because it is psychologically easier and simpler to trade at 120.00 as opposed to 119.97 The same way you would say you bought an item for $100 when you actually bought it for $99.99. Tips on Trading Key Levels Here are some tips have at the back of your mind when trading the key levels: Pick your key levels from higher time frames. The key levels on the higher timeframes tend to be stronger than those on the lower timeframes. The reason is that this is where the market movers, big banks, and other institutional traders make their trades. Any level below the 4-hour chart could easily falter and is prone to false breakouts. But to be on the safe side, use the key levels on the timeframes higher than the daily chart. Set your stop losses wisely. Where you place your stop losses could make or break your forex account. There are many schools of thought when it comes to setting stop losses, and each one is perfect for varying trade scenarios. But one objective method of setting stop losses that works for most trading scenarios is using the Stop Loss Cluster indicator. The Stop Loss Cluster indicator tells you where most traders have placed their stop losses. And these are the levels the price is most likely to hit during a false breakout. Conclusion You too can base your trades on these key levels. But make sure you follow the strategies and tips we have discussed to help you make the best of the key levels
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by FTraderx25
Key leves lets see how the candles react with levelskey levels are some strong they can send the price up or down To create a leve first 1 Go to daily time frame and find 3 candles that touch exactly with red Horizontal line when you finish drawing all lines in daily time frame go to 4H time frame and do exact the same thing that you did in daily time frame if you found 2 key levels are to much near you can delete one take the one which touch lot of candles 2 the candles that are touching the levels called CCL : Candle that created the level CSL1 CSL2 CSL3 CSL4 CSL.......100 : Candle that Supported the Level when you finish doing that change time frame to 5 or 15 minut and check how the candles react with these KEY LEVELS
COMEX:GC1!
by FTraderx25
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