USDCAD I Key resistance broken. Expect pullback and more growth!Welcome back! Let me know your thoughts in the comments!
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Daily Charts
EURJPY I Potential buy from support to target 147.05Welcome back! Let me know your thoughts in the comments!
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26.5 - 28.5 - 24.5Morning folks,
BTC accurately follows to our H&S plan. Our intraday target around 26.5-27K which is the neckline, is mostly done. Next step that we're watching is a forming of the right arm around 28-28.5K and then major extension to 24-25K area - strong daily support. Depending on your view you could choose corresponding positions.
Intraday bulls could consider intraday bullish patterns(reverse H&S, butterflies etc) around 26-26.5K area with potential target around 28-28.5K, while bears should wait for this latter level for next short entry chance.
Daily and Weekly Rejection. 200 Billion Calls and market flat.Daily and Weekly Rejection. 200 Billion Calls of worth and market flat.
The US bought 200 billion worth of options is 200 billion of stocks to sell to get the market flat.
Lower highs and weekly and daily rejections on Friday. see the market getting its recession on Monday,
Delta in options across the board was at yearly highs. DAX rallied with EU meeting. But didn't make a new high.
Created a lower high and volume didn't make a new high on Friday. Many facts to see the market as topped out.
Options data with market analysis. See the market crash by about 50-70%. Because of the deflation cycle coming, we need.
The dollar needs to come back up and inflation needs to hit negative numbers to have expansion room for the future.
Best Regards
Robin,
GBPAUD I Potential buy from support Welcome back! Let me know your thoughts in the comments!
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27K is next oneMorning folks,
So, BTC starts nice with our minor 1H H&S pattern, and its minimum target, OP around 28.3K area is done. CD leg shows acceleration, so after some minor bounce we expect continuation to the next ~27K area. This action is a part of our larger H&S scenario on daily chart and 26.5-27K actually is a neckline.
USOIL stable after the gap 🦐After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82.
I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays.
How can i approach this scenario?
I will wait for a potential break of the resistance area and in that case i will move on the 4h chart to check for a nice entry according to the Plancton's strategy rules.
If the price will move to the gap i will monitor the supports on the 4h time frame to identify a possible lower entry according to the MTB Strategy.
26.5 is vital support for the bullsMorning folks,
Once our 31K OP target has been hit - BTC starts to show tactical signs of weakness. It is vital for BTC to stay above 25.5-26.5K support area to keep major upside trend with 36-38K destination point. Downside breakout of 26K support level could significantly increase chances on downside acceleration.
In very short-term, we consider first step of downside retracement to 28.3K support area, in a way of puny H&S on 1H chart. Once it will be completed - our focus will turn to next one, large 4H H&S pattern and 26K support area, which also should become a neckline for big pattern.
Last step until the way to 35-38KMorning folks,
So, this part of our plan is done - market hits 29.4-30K area. Let's say "thank you", JPow. Does it mean that price is already on the way to next 35.5-38K target/resistance area? I wouldn't say it yet. Just because around 30.5-31K we have resistance. And before take position for further upward action, we have to be sure that this is real upside breakout.
Thus, we need to see that market breaks 31K and holds above it, not drop back below 28K. This should become a confirmation that upside breakout is real. Conversely if we will see spike to 31K and fast reversal - wait and do not buy.
The same 29.4-30.9K in focusMorning folks,
So, market stands quiet in recent 3 weeks and we have not many thinks to add to our previous view. In short-term perspective, we still think that here we should get some upside spike, supposedly to 29.4-31K at least.
THus, we do not consider any short positions by far. Concerning longs one - we follow the same tactics of searching patterns inside the consolidation. Last week we already have made a deal with "222" Buy, now - the story could repeat and we could get another one with potential entry point around 27.5K. Let's see...
USDJPY can break the 133? 🦐USDJPY after the test of the 137.500 area dropped with a series of lower low lower high until the 130 round zone.
The market took the liquidity below the daily support and retest the 130.500 and started an impulse to the next resistance area which is the previous lower high.
After the rejection by the 133 area the market retraced at the 0.786 Fibonacci zone and moved back to the daily resistance.
According to Plancton's strategy IF the price will break above we can set a nice long order.
USOIL on a hot level 🦐 After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82.
I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays.
How can i approach this scenario?
I will wait for a potential break of the resistance area and in that case i will move on the 4h chart to check for a nice entry according to the Plancton's strategy rules.
If the price will move to the gap i will monitor the supports on the 4h time frame to identify a possible lower entry according to the MTB Strategy.
GBPUSD can move higher? 🦐GBPUSD on the daily chart after the recent high at the 1.2500 level retraced over the demand zone at the 0.5 Fibonacci level.
The market created an impulse to the upside after the test of it and open the week with a gap.
Currently the buyers are attempting to break the daily resistance structure and IF the price will manage to move over that level we can move on the 4h chart to set a nice long order according to the Plancton's strategy rules.