eurjpy long than shorteurjpy has broken and retested the ltf grey zone and created a bullish engulfing which shows me buyers are in power. Waiting on the indecisive candles to either cause another breakout to the upside or to retest grey zone.
main bias for eurjpy is still short due to daily supply/4hr zone (green)
4hr
GBPJPY short GBPJPY approached green zone (support resistance/supply demand), broke it and came to my stophunt zone (red) because I know there are pending orders at that level. Waiting for price to either respect the ltf support zone (grey) or come back to the ltf resistance zone (grey) and either respect it or break above it so that traders can get better price to sell.
DXY Update at Another Key LevelIf we cant finish the week below 94 I will be expecting and looking for a reversal and eventually a retest of resistance zones in the 96 region. If market conditions are favorable up around 96 I will look for bearish DXY plays. Looks like we are playing major price levels for the time being i.e. 94 95 and 96.
Currently waiting for 94.2ish for possible bullish DXY plays to start coming out.
GVTBTC has been a nice daily breakoutGVTBTC has been a nice daily breakout ad you can see on left chart.
On the right chat with 4h timeframe, it creates a nice support (yellow rectangle).
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Gold record highs or short opportunity? Gold is about to test an extremely strong level at 1795, looking at the weekly chart there has been strong rejection from this price in the past... will it drop again or keep on climbing to a record high?
If the price fails to break the level I will be looking to sell.
Any comments or feedback would be greatly appreciated