USDJPY short term analsyis 🦐USD/JPY on the 4-hour timeframe is currently testing a key resistance level. The recent low in price has established a support level, which suggests that we can see a short-term bullish momentum.
A break above the resistance level would be a buying signal if the strategy will be satisfied.
Traders should watch for a bullish candle such as a long green candle, which would confirm the breakout and further support at the bullish outlook.
A series of rising lows and equal highs can indicate that the price is building momentum to the upside.
This signals that buyers are becoming more aggressive and that the bulls are pushing the price higher. A break above the resistance level would indicate that a bullish short-term momentum can happen.
240min
EURGBP can retest the high? 🦐EURGBP on the 4h chart after the recent high retraced perfectly at the 0.786 Fibonacci level over a daily support.
The price is now testing the resistance below the 0.88 level and a possible break above can be seen.
How can i approach this scenario?
I will wait for the EU market open and IF the market will move above the structure i will consider a nice long order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SP500 a short term outlook 🦐After forming a double top over a key resistance level, the SP500 retraced exactly at the 0.886 Fibonacci level, which is a significant level that is often used in technical analysis. Fibonacci retracements are used to identify potential levels of support and resistance by plotting horizontal lines at the key Fibonacci levels of 23.6%, 38.2%, 50%, 61.8% and 100%. The 0.886 level is considered a strong resistance level, and it is often used to indicate where the price may bounce back and start a new trend.
However, in this case, the market appears to have started a new impulse, breaking above the resistance level and reaching a new recent high at 4020. This suggests that the trend has reversed and that prices are likely to continue to rise in the future. Traders will be closely monitoring whether the price will be able to sustain this upward momentum and hold above the new resistance level of 4020. As always, it's important to keep an eye on the volume and other technical indicators, as well as any relevant news that may impact the price of SP500.
EURCAD for a new high 🦐EURCAD on the daily chart is trading below a weekly resistance at the recent high.
The price after the last impulse retraced perfectly at the 50% of the previous impulse over a daily support and moved back to the previous high.
How can i approach this scenario?
I will wait for a clear break of the structure and if that will happen i will move on the 4h timeframe to look for a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPUSD for a higher high? 🦐GBPUSD on the 4h chart after the test of the 1.18500 zone inverted the trend.
The market created a new higher high and started a series of bullish impulses.
How can i approach this scenario?
The price is now testing a weekly resistance and IF the market will break above we can set a nice long order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY on a lower low 🦐AUDJPY on the 4h chart is moving within a huge range.
The price after the last bullish impulse took the liquidity at the range's high and is now dropping to the lower support.
The market is testing a weekly ascending trendline and later will probably move to the structure.
How can i approach this scenario?
I will wait for a potential break of the area and if that will happen i will look for a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDUSD on a bullish price action 🦐AUDUSD on the 4h chart shows a typical bullish price action where the price is breaking the previous high.
After the retest of the 0.67500 zone the market started a bullish impulse and reached the 0.7000 zone.
Currently the price has been rejected by the resistance area ad IF the market will break above we can set a nice long order according to the Plancton Academy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
SP500 on a bullish price action 🦐SP500 on the 4h chart after the accumulation phase break to the upside the range and retest the previous resistance now turned support.
The market started a series of higher highs, higher lows and broke the daily resistance to the upside.
Following the last bullish move the price retraced to the 50% of the previous move and is now trading below a minor resistance.
How can i approach this scenario?
I will wait for the EU market open and IF the price will break above i will consider a nice long order according to the Plancton's strategy rules.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPUSD a turn at the 0.5 Fib 🦐GBPUSD on the 4h chart tested the weekly resistance around the 1.2300 level with a bullish impulse.
The market then started a retracement move and a possible test of the 0.382 or the 50% of the move can be seen.
How can i approach this scenario?
I will wait for a possible test of those level but, remaining the trend bullish, i will consider an inversion to set a long order according to the Plancton's strategy rules.
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURGBP looking up 🦐EURGBP on the 4h chart after the uptrend impulse reached the 0.88600 area.
The market started a distribution phase where it tested the upper resistance and lower support a few times without breaking it.
The price then moved to the lower demand where it took the liquidity to create the impulse to the upside with a break of the previous range followed by a retest of the previous resistance now turn support.
How can i approach this scenario?
If the price will break the minor resistance i will consider a nice long order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDCHF on a falling wedge 🦐USDCHF on the h chart is trading over a support area.
The price recently moved out from the 2 narrowing trendlines that were creating a falling wedge.
We see an accumulation phase and a possible move to the upside can be expected.
How can i approach this scenario?
After the liquidity grab over the support area the price started a move to the upside and will test the 1st resistance area.
According to Plancton's strategy if the market will break above we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
EURUSD can move higher? 🦐EURUSD on the 4h chart is trading within a monthly resistance.
The price after a distribution phase tested the lower demand and created a strong impulse on Monday.
Currently the market is trading at the recent high below a minor 4h resistance.
How can i approach this scenario?
According to Plancton's strategy IF the price will break above we can set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SP500 on false breakout 🦐SP500 on the 4h chart started the week with an uptrend move.
The market after a distribution phase tested the previous support now turned resistance and took the liquidity with a false breakout of the area.
The price after the rejection move to the top level of the distribution box and a possible bearish continuation can be seen.
How can u approach this scenario?
I will wait for the European market open and IF the price will break below we can set a nice short order according to the Plancton's strategy rules.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GOLD ready for a higher low 🦐GOLD after our previous idea broke the 1820 zone and moved to the 1880 resistance area.
The price creates a series of higher highs and higher lows and has perfectly tested the top of supply area on the h4 timeframe.
Following a higher high, we expect a higher low and for this reason, we took the Fibonacci instrument.
How can i approach this scenario?
I can look for a short term order to realign to a Fibonacci level but that will be against the main trend or i can wait for a higherr low and look for an inversion to set a long order with the trend favour.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GOLD on an ascending triangle 🦐GOLD on the 4h chart is trading with a series of rising lows below a 4h resistance.
The price has been moving over the ascending trendline and reached the 1820 level.
How can i approach this scenario?
According to Plancton's strategy IF the price will break above we can set a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
EURGBP can move lower? 🦐EURGBP on the 4h chart after the uptrend impulse reached the 0.88600 area.
The market started a distribution phase where it tested the upper resistance and lower support a few times without breaking it.
Being at the top of an impulse I would expect some retracement to the fair value.
The main trend remains anyway bullish so we will need a clear break of the support + the trigger of Plancton's strategy in order to consider a short position to the next support area.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NASDAQ can move to the 10k? 🦐US100 on the 4h chart after my previous idea continue the bearish trend and reached the weekly support.
The price after a distribution phase took the SL liquidity with a false breakout of the 12200 level and moved lower with a clear break of the support and a series of lower high lower low to the 10700 zone.
The price creates a new redistribution phase and a new liquidity grab to the upside before a continuation to the lower side can be seen.
The double bottom over the support might show infact some bullish sign in the short term but also a new opportunity for the bears to move the market lower.
How can i approach this scenario?
I will wait for a possible break of the support and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDUSD look for the 0.66500 🦐AUDUSD on the 4h chart after the 2nd test of the 0.68750 zone moved lower to the weekly support.
The market has been trading over an ascending trendline and always respected the dynamic support.
How can i approach this scenario?
I will wait for a potential break of the confluence area and if that will happen i will belooking for a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
NASDAQ can move lower? 🦐US100 on the 4h chart after my previous idea continue the bearish trend and reached the weekly support.
The price creates a new redistribution phase and a possible continuation to the lower side can be seen.
How can i approach this scenario?
I will wait for a possible break of the support and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SP500 waiting for the NFP 🦐SP500 on the 4h chart is trading between 2 structures and today's release of the NFP data can show us some break of those levels.
The main outlook remains bearish at the moment and it can be risky to trade this kind of event on the last trading day of the week.
How can i approach this scenario?
I will wait for a break of the support area and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURCHF breaking a range? 🦐EURCHF on the 4h chart after the last bearish impulse retraced at the 0.786 Fibonacci Level with a spike to the 0.886.
The price then tested the 50% value support a few times.
How can i approach this scenario?
If the price will break and close below we will consider a nice short order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDUSD a turn at the 50% 🦐AUDUSD on the 4h chart has tested the 50% over a weekly support.
The market tested with some spike the 0.618 before moving higher to the previous recent highs.
How can i approach this scenario?
According to Plancton's strategy IF the market will break above the resistance i will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
NZDCAD time to retrace 🦐NZDCAD on the 4h chart after the over-extended impulse started a retracement move.
The market, after the 1st bearish leg , retraced at the weekly resistance where the 50% of the move stands.
The move left some liquidity below the support area and we can look for a continuation of the retracement.
How can i approach this scenario?
I will wait for a possible break of the support and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger