Keypsychologicalroundnumber — Trading Ideas on TradingView

NZDUSD: BEARISH CRAB PATTERN COMPLETED WITH BETTER ENTRY PRICE!!Hello Traders, Here we have a valid bearish crab pattern that has already been completed on FX:NZDUSD , but we are now able trade this pattern with much lower risk. Market has moved beyond the crab pattern completion point (161.8% Fib extension), which has allowed us to lower the risk and increase our potential profit. The stop loss for this pattern is usually 10 to 20 pips above 200% Fib extension level, but since we are close to the previous structure resistance , we might as well hide our stops above that level. Notice that by doing this we also take into consideration the key psychological round level @ 0.67000 . We also have put in two double bottoms on this pair and if we get down to the 61.8% fib level (TG #2), than that would be a nice long opportunity based on 2618 trade setup. See the chart above for more details. NOTE #1: This pair is about to test the 100 day moving average on the daily chart, likely to see some type of reaction from it. See the chart below after this description. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)

GBPNZD: BULLISH CRAB PATTERN WITH RSI OVERSOLD CONDITIONS !!!Hello Traders, Here we have a VALID BULLISH CRAB PATTERN on FX:GBPNZD , that is coming close to the completion point. Notice that this pattern's completion point is right at PREVIOUS STRUCTURE SUPPORT ZONE , thus giving giving us extra bit of confidence in trading this pattern. Another main thing to keep in mind is that, the market has already reached the RSI OVERSOLD LEVEL , which is another good point in our favor. According to my rules, the stop loss for BULLISH CRAB PATTERNS goes BELOW the 200% Fib extension of the XA leg. Paying close attention to KEY PSYCHOLOGICAL ROUND NUMBERS , we have got one level right @ 2.33000. Now we are able to hide our stop loss BELOW both the PREVIOUS SUPPORT ZONE and the KEY PSYCHOLOGICAL ROUND NUMBER, 2.33000 . See the chart above for more details. IMPORTANT NOTE: I posted a BULLISH CYPHER PATTERN idea for this same pair about 13 days ago and unfortunately the entry was NOT triggered and the market just took off from there. I would like to point out that after the big move up, the market was UNABLE to break above the C POINT of the BULLISH CYPHER PATTERN . Thus keeping the pattern VALID up to this moment. So just to let you guys know that, I will ALSO be trading that BULLISH CYPHER PATTERN , since the market is also coming close to its entry point. I'll add the link to the BULLISH CYPHER PATTERN under the RELATED IDEA SECTION below. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)

NZDJPY: VALID BULLISH GARTLEY PATTERN WITH GOOD RISK TO REWARD!!Hello Traders, After a successful 2618 short trade setup, we have gotten a VALID BULLISH GARTLEY PATTERN on FX:NZDJPY with a great RISK : REWARD ratio. Always remember to look for 3 important things BEFORE placing any trade, where's your entry, your exit if you are wrong, and your targets if your right. We know we are entering long @ 81.164 based on the pattern with our two targets @ 81.547 and 81.783. Lastly the most important thing that we MUST have, before even thinking about placing a trade, is the stop loss. For this setup, we are able to hide our stop loss below both the PREVIOUS SUPPORT ZONE and THE KEY PSYCHOLOGICAL ROUND NUMBER, 81.000 . See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)