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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.
Short
by InkyGrip
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.
Long
by InkyGrip
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
SAXO:XAGUSDLong
by InkyGrip
4
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.
COINBASE:BTCUSD
by Sive-Morten
2
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
Short
by InkyGrip
6
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.
TVC:USOILLong
by InkyGrip
5
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.
NYSE:OShort
by NoFomoCharts
GBPCHF a turn at the 0.618 🦐GBPCHF on the daily chart is moving inside a daily descending channel. The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 0.618 Fibonacci level creating a double top over it. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair will break below we will move on the 4h chart to search an entry point 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.
Short
by InkyGrip
5
GBPJPY looking up 🦐GBPJPY on the 4h chart reached the weekly resistance at a confluence point. After an attempt to break above the price moved back below and is currently testing the resistance area I can see how after the last impulse the price has tested the 0.618 the 0.5 and the 0.382 Fibonacci levels. How can i approach this scenario? I will wait during eu session for a break of the resistance and in that case, i will move on the lower timeframe to spot and entry point for a long order 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.
Long
by InkyGrip