EURCHF Big Pattern to SellEURCHF is overbought on H4, D1. It has a harmonic pattern to sell.
Need to be patient as this is a big pattern against the trend.
Will monitor it for a few days. It is similar to the CADCHF trade.
Daily Charts
keep going with 38K pullbackMorning folks,
So, this is mostly the update to the previous idea, as market confirms our plan and is forming reverse H&S pattern around 4H 5/8 Fib support. The butterfly that we've discussed last time, has become the part of the H&S, as we've suggested. Thus, market finally gives the pattern that bulls could follow. This is at least something.
Personally I like extended pattern and better to stick with H&S and will be waiting for the drop to 5/8 support and right arm's bottom. Just because it gives best risk/reward combination and least risk. At the same time market is forming multiple patterns on 4H chart, that could trigger immediate upward action. That's why the possible compromise is to take small position now and add the bulk in a case of our primary scenario with H&S.
H&S failure suggests downside continuation and the end of the upside bounce. H&S target is AB-CD based on the head and the shoulder. Now it seems it stands around next resistance area around 44K
AUDUSD Daily LONGSGreat Higher low uptrend structure to continue the AU longs ! Bearish USD, Bullish AUD ahead!
Targeting Supply zone drawn above.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
XAUUSD Break into Daily CloudIf break trendline scope more bearish
and testing 21-EMA
RSI below 60 Bias lower
Stoch momentum is bullish
EURJPY trades shy of 139 handleEUR/JPY spikes over 1.25%, trades shy of 139 handle
The pair has tested 7-year high just shy of 139 handle, hit levels unseen since Aug 2015.
EUR/JPY is extending break above 200-month MA, poised for further gains technicals support further upside.
GBPJPY looking up 🦐 -UPDATE-GBPJPY after our previous analysis broke the confluence area and carry on the bull run to the upside.
The price has now reached a minor resistance and retested the 0.5 Fibonacci level.
How can we approach this scenario?
We will wait for a break of the structure and in that case, we 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.
GBPUSD on a double bottom 🦐GBPUSD on the 4h chart created a double bottom over a support area.
The price bounced over the area and tested the upper trendline of a descending channel and then retrace at the 0.618 Fibonacci level.
How can i approach this scenario?
I will wait for a potential move to the upside and a break above the structure at the 0.382 level, in that case, 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 Daily AnalysisPrice creating double bottom at bottom of the channel.
Bullish Divergence.
Small triangle pattern within channel. Expecting breakout to top of channel next few weeks (long term).
38K could trigger minor tactical bounceMorning guys,
So, as we've said last time - nothing has changed in our long-term view. We still think that background is not ready for long term investing in BTC. And now we see growing chances that our long-term target around 26K area will be achieved. We do not know, whether downside action stops at 26K, but at least, this area is worthy of consideration as very strong support, including all time 5/8 Fib level, daily AB-CD target and Yearly Pivot support 1.
In short-term market stands around intraday 5/8 support level. Last time we said, that tactical bounce is possible, but as overall background is not friendly for the bulls - we have to wait for clear bullish pattern, because it could safe a lot of money, letting to place tight stop. On Thursday there was no suitable context for long entry. Now, with downside drop it is possible to keep an eye on 1.618 butterfly that could start from 38K. Currently price has completed 1.27 target, but since drop was relatively fast, it makes sense to wait for the next, 1.618 one.
Second chance might be, if potential butterfly later becomes the part of reverse H&S pattern. IT happens very often. These are two tactical bullish scenarios to keep an eye on. And it would be better to not anticipate patterns, take position "by fact" when patterns are in place. Second - do not merry this position, take nearest upside target, because overall environment remains bearish, and the pullback will be only tactical (if it happens at all).
50k possibleAs we can see there's rebounce possible today. If we close above the support on daily we could see an move to 50k+. We did this rebounce 2 times so let's see if we can do it again;)
EURCAD Rejective Support Temporary Buy Welcome back! Here's an analysis of this pair!
**EURCAD - the pair is bearish and currently rejecting previous daily support. We expect a temporary move higher to 3700 zone and possibly 3755.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
NAS100Monthly has large wicks rejecting 14000 price area. 2 months back-to-back. Monthly Bullish Engulfing as well.
Weekly candle stick analysis could be a double bottom forming or a higher low. Due to Daily analysis expecting this to be a weekly higher low.
Daily has created an inverse head & shoulder pattern with bullish divergence.
If price rejects this zone and breaks structure for turnaround of buys. Expecting price to continue pattern to upside near 15600 long term.
Daily Supports and Resistances // 15th April 2022(((Since I value your time, I always provide a concise summary - feel free to request more)))
Here, I expect that the price will rise to 40297, then 41062, and possibly 41511 before the end of the trading day.
Valid until 16th April
For your trade: The supports and resistances are evident; just check their repeatability:)
EURGBP can move lower? 🦐EURGBP on the 4h chart is trading within an ascending channel.
The price after the test of the historical string support provided a false breakout of the 0.8300 level and retraced to the upside.
With a test of the 0.8500 weekly resistance the market moved to the descending trendline of a weekly channel and is now moving lower.
How can i approach this scenario?
I will wait for the EU market open and if the price will break below 2 support areas i will check 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.
GBPCAD looking for the 0.382 🦐GBPCAD on the daily chart after a long downtrend is possibly looking for a retracement move.
The price is trading below a daily structure and a possible break above can be seen during the current week.
How can we approach this scenario?
We will wait for the London market open and the daily activity volumes to kick in,and in the case that the price will break above the daily resistance we will move on the 4h timeframe and search for 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.
XAGUSD looking up 🦐SILVER after the recent top reached the daily support.
The price attempted to break below and i can see how the market perfectly moved above the descending trendline inside a retracement channel.
As in the previous analysis, I remain overall bullish on XAGUSD and a break above the higher trendline can be a further confirmation.
How can we approach this scenario?
I will wait for a break of the upper confluence and after that i will consider to set a nice long order of the Plancton's strategy rules will be satisfied.
-----
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
Going Under the 3-EMAS As the medium reaches below the slow EMA
Here we have a great SELL signal
Keep in mind that this is NOT an intra day signal.. This one will require time
But assures a great stability and why not, hopefully, profit
Deceiving pullbackMorning folks,
Last time we've discussed possible upside pullback, as around 41K area we had downside AB-CD (XOP) target, forming 3-Drive Buy and strong support area around. And now is the question - wether current pullback is what we were preparing to, or something different. We ask - it is different.
In fact, we think that this pullback is just a by-product of the rivals' performance. Take a look - dollar shows the pullback, as well as traders book results on the US interest rates, preparing to Easter holidays. BTC hits 5/8 support on 4H chart and also shows the bounce, as well as S&P index.
But, the truth picture is based on market response to our 41K target & support cluster. It was totally ignored - take a look at XOP area. No reaction at all. It means, that it is definitely not good time for long term investment. Upside bounce is not reliable and I would consider Fib resistance levels for the potential short entry next week.
If still would like to make scalp bullish trades - wait for some clear pattern. Now market hits already first upside target and to take position you need something else. Currently we do not see any patterns by far, and think that it is not good idea to step in before weekend.
USDJPY on a retracement move 🦐USDJPY on the 4h timeframe reached a new high above a monthly structure.
Being that level is quite a strong one it is possible that the price will close the trading week below it especially after a long bull trend.
How can we approach this scenario?
We will wait for a break of the trendline and in that case we will search for a possible short order entry according to the Plancton's 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
GBPUSD (4- Hour chart)GBPUSD Currency Strength Index
Major resistance- 1.3190
Near-term support- 1.2970
Trend reversal level- 1.3150
USOIL a turn at the 0.618 🦐🏆USOIL on the daily chart tested twice the support area at the 0.618 level.
The market after the last test created an impulse to the upside and the price is currently testing the descending trendline that start from the recent market highs, below a daily resistance.
How can we approach this scenario?
We will wait for the EU market open and check for a possible break of the confluence area.
In that case i will move on the 4h timeframe and check for a nice long order according to 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.
O (Realty Income Corporation) - Bearish Multiple Top - DailyO (Realty Income Corporation) stock price has reached a two-year, all-time-high resistance zone of $72.56.
If resistance holds strong, the stock price could pullback over time to test support below.
O (realty income corporation) reports earnings on 05/04/2022.
Entry (short): $71.56
Profit Target +4% (exit): $68.59
Stop Loss -2% (exit): $72.91
Utilize stop loss, position sizing, risk management.
Note: XLRE real estate ETF has also begun to pullback on a daily chart.
All content is Not financial advice. Trade at your own risk.
AUDUSD Longs (Daily)Targteting 0.77 area as part of a higher low. Very nice bullish momentum candle pump from support, a lot of rallying strength left to supply zone!
Trading Idea --- NOT AN INVESTMENT OPPORTUNITY!
