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240min

NZDUSD on an inverse H&S 🦐NZDUSD after our previous analysis reached the 0.61 support area. The price created a potential inverse Head & Shoulders pattern with 2 right shoulders that have higher lows. The pairs has now broken the neckline and some more buying pressure can be seen at the EU or US market open. How can i approach this scenario? I will wait for a potential test of the previous resistance, now turned support, and IF the price will satisfy the Plancton's strategy rules we will set a nice Long order.
by InkyGrip
4
AUDUSD a turn at the 0.786 🦐AUDUSD on the 4h chart after our previous analysis has played as expected (link below) with a retest of the weekly resistance. We can notice how after the recent low the price provided a perfect retracement to the .786 Fibonacci level which is also known as one of the key levels for a potential inversion. The trend in fact remains bearish with a series of lower lows and lower highs and for this reason our main bias remain to look for a short bias. How can i approach this scenario? I will look for a potential break of the 4h support and if that will happen i will set a noce short order according to the Plancton's strategy rules
by InkyGrip
2
GOLD can test the 2k? 🦐GOLD on the 4h chart after the recent news started again the bullish run. The price after the break of the daily resistance retest the level and is now trading below a minor 4h resistance. Out outlook remains bullish and with the upcoming events and uncertainty in the banking sector we could see a new test of the 2k level. How can i approach this scenario? If the price will break above the resistance level and will satisfy the Plancton's academy rules we can set a nice long order.
OANDA:XAUUSD
by InkyGrip
10
GBPCHF another long opportunity 🦐After our previous analysis (link below) on the 4h chart GBPCHF moved as expected and create a bullish impulse that broke the descending trendline. The price is now testing a daily resistance and we can see in the next few days a bullish continuation. How can i approach this scenario? I will wait for a potential break of the structure and if that will happen i will move on the 4h chart to look for a nice entry according to the Plancton's strategy rules
by InkyGrip
1
NZDCAD a buying opportunity 🦐Looking at the 4-hour chart of NZDCAD, we can see that the price has been forming a series of lower lows and lower highs, indicating a downtrend. However, this trend has been interrupted by a bounce off a monthly support level, suggesting a potential trend reversal. After this bounce, the price formed an impulse that took it to a daily resistance level, where it experienced a retracement to the 0.786 Fibonacci level. This retracement is significant, as it often acts as a reversal point for price movements. Since this retracement, the price has formed a new impulse and is currently testing a daily resistance level once again. If the price is able to break above this resistance level, we could see a continuation of the bullish trend. The technical analysis suggests that the price of NZDCAD has the potential to continue its upward movement. Traders looking to take advantage of this potential could consider setting a long order if the price breaks above the daily resistance level according to the Plancton's strategy rules.
by InkyGrip
22
AUDUSD a bearish continuation? 🦐The AUD/USD pair has been trading in a descending channel with a series of lower highs and lower lows, which suggests that the overall market sentiment is bearish. The most recent price action has seen the price drop to the daily support level at 0.68700, and a retracement to the 50% Fibonacci retracement level of the previous bullish move at the round level 0.70000 As the price failed to break above the resistance level , it retreated back to the support level. The failure to break above the resistance level and the formation of lower highs and lower lows indicate that the sellers are in control of the market, and the price is likely to continue its downward trend. If the price breaks below the support level at 0.68700, it would confirm the bearish bias in the market and signal a potential sell opportunity. Traders could look for a break below this level and enter a short position with a stop-loss order according to the Plancton's CPS rules.
by InkyGrip
17
EURUSD on a double bottom 🦐The EUR/USD currency pair after our previous anlaysis has formed a double bottom pattern on the weekly timeframe at the 1.05500 level, which has acted as a strong support level. This pattern indicates that the bearish momentum has ended and a new bullish trend may be forming. The price has already started an impulse wave and has moved up to the 1.07500 level, indicating a strong buying pressure in the market. The momentum is likely to continue as the price has broken out of the previous resistance level. Currently, the price is trading below a daily resistance level, but if it manages to break above it, it may trigger a bullish rally. A break above the resistance level would indicate a shift in market sentiment from bearish to bullish, and we may consider placing a long order according to the Plancton's strategy rules. In conclusion, based on the double bottom pattern on the weekly timeframe, the bullish impulse wave on the 4-hour timeframe, and the potential break above the daily resistance level, we can expect a bullish trend in the EUR/USD currency pair. It may be a good time to consider a long position in the market.
by InkyGrip
USOIL on a hot level 🦐 USOIL on the 4h chart after our previous analysis reached the 80 level and dropped to the 0.618 Fibonacci area exactly over a previous support that has been tested a few times before. The market anyway did not create a new recent lower high and also for this reason we can keep to search for a long opportunity in the short term. How can i approach this scenario? I will wait for a potential break of the 0.5 Fibonacci level and in case the Planxcton's strategy will be satisfied i will set a noce long order.
TVC:USOIL
by InkyGrip
10
USDCHF long after the break 🦐USDCHF after the rejection by the weekly resistance at the 0.94500 level retraced back exactly at the daily support over the 0.382 Fibonacci level. The recent news makes the price bounce over it and we can see how a new test of the previous recent high in this moment. Moreover the price shift the bias and we are in a bullish environment on the 4h hour time frame with a clear series of higher highs higher lows. We will wait for a potential break of the weekly resistance and in that case we ll check for a nice long order according to the Plancton's strategy rules.
by InkyGrip
2
GBPCAD can move lower? 🦐GBPCAD on the 4h chart is trading exactly at the fair value over the 50% support of the previous impulse. We can notice how the market created a range with a spike over the 1.65000 area that seems to be a head and shoulders pattern. The Head and shoulder pattern works in a better way at the top of a trend while here we are not but in case the price will break below the support area and the Plancton's strategy will be satisfied we can look for a nice short order according to the Academy Rules.
by InkyGrip
3
USOIL back to the 80's? 🦐USOIL on the 4h chart has bounced over the monthly support and broke the descending channel. The price after the bounce create a move to the upside where it broke the downtrend and potentially could see a new trend to the upside. Infact both the break of the channel and the "new" recent high are supporting this fact together with a test of the 50% move of the bullish impulse. We will wait for a potential break of the 4h resistance and the confirmation of the Plancton0s strategy to look for a nice buying order.
TVC:USOIL
by InkyGrip
22
EURUSD can move higher? 🦐There is a potential bullish trend forming on the EUR/USD 4-hour chart. The bounce over the weekly support and the subsequent upward move indicate a shift in bias towards the bullish side. The fact that the market has tested the support twice and created a new impulse suggests that there is buying pressure in the market. However, the current price is below the 1.0700 level, which could be a potential resistance level. If the price manages to break above the 1.0700 level, it could be a good opportunity to set a long order. Traders should also keep an eye on any potential support levels and ensure they have a stop-loss in place in case the market moves against their position. As always, it is important to keep an eye on any fundamental news that today could impact the market, as this could change the technical analysis and shift the trend in the opposite direction.
by InkyGrip
2
EURUSD update 🦐EURUSD has dropped as expected and reached the 1.06000 level over a 4h support. Traders will now be waiting for a potential break of this support level and a test of the lower weekly level at the 1.05000. If the price does indeed reach this level and provides an inversion, we may start looking for a potential buy opportunity. However, it's important to keep in mind that trading is always risky and there are no guarantees that the price will behave as expected. We will wait for further confirmations over that level
by InkyGrip
12
GBPUSD on a triple bottom 🦐The triple bottom pattern is a bullish reversal pattern that forms after an extended downtrend. It is characterized by three consecutive troughs that are at approximately the same price level, separated by two minor peaks. The pattern is complete when the price breaks above the resistance level formed by the minor peaks, indicating a possible trend reversal. Now, let's apply this pattern to the 4-hour chart for GBP/USD. We can see that the currency pair has been in a downtrend since the beginning of the year, with prices making lower lows and lower highs. However, in recent weeks, the price action has formed a triple bottom pattern with three distinct lows. The first confirmation of a potential trend reversal would be a break above the resistance level formed by the minor peaks at around 1.20700. This level has acted as a significant barrier to further price advances in recent weeks, but a break above this level would signal that buyers are gaining control and that the currency pair is likely to continue its bullish momentum. We can also look for an increase in volume as the price breaks above the resistance level, as this would confirm that buyers are entering the market and pushing prices higher. Therefore, based on the triple bottom pattern and a potential break above the resistance level, the GBP/USD currency pair is looking bullish on the 4-hour chart. Traders can look for confirmations to set a nice buy order, such as a break above the resistance level and wait for the Plancton's strategy to the satsfied.
by InkyGrip
10
GBPJPY a new bullish leg 🦐GBPJPY on the 4h chart after the break of the resistance area fetches the 50% move and s currently trading below the structure at the 164 level. As we know all the pairs but mostly the JPY ones are reacting very well to the round and half-round numbers and being in a bullish scenario we still be long for a long order. How can i approach this scenario? I will look for a clear break of the resistance structure and IF the price will satisfy the Plancton's strategy i will set a nice long order.
by InkyGrip
12
EURAUD looking up 🦐On the 4-hour chart of EURAUD , we can see that the price has been in a descending trend until it tested the weekly support level . After hitting this level, the price started to move in a potential bullish direction with a series of equal highs and higher lows. This is a good sign of a potential trend reversal. The price is currently trading below the resistance level at 1.56200, which has acted as a strong barrier for the past few days. If the price manages to break above this resistance level , it could be a signal of a potential long order. The next resistance level to watch out for would be around 1.57000. Therefore, based on the current price action and technical analysis , we can consider a long order if the price breaks above the resistance level at 1.5620o and the MTB strategy will be satisfied. However, it's important to keep an eye on the price action and adjust the trading strategy accordingly as the market can be unpredictable.
by InkyGrip
12