Dailychart
DOW --> Shoulder Head ShoulderHello Traders.
- SHS pattern on daily basis
- Resistance cluster between 35380 - 35600 (a break trough will give price more upside momentum)
I expect a test of the neckline support next week.
Good Trades
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:)
GBPJPY hits 2-1/2 week high as pound sterling recoversGBPJPY hits 2-1/2 weeks high on surging pound sterling. It gained sharply against USD on upbeat UK CPI data.
Technicals:
On the lower side, immediate support is around 162.80,
watched is around 164, a break above that level confirms intraday bullishness, and a jump to 166 is possible.
AUDUSD rangebound at 21-EMA supportAUD/USD rangebound at 21-EMA support, US Retail Sales awaited for impetus
A 'Golden Cross' on the daily charts keeps downside cushioned
- RSI flat, but holds above the 50 mark, Stochs are on verge of bullish rollover from oversold levels
- Price action is above cloud and Chikou span is biased higher
EURGBP lower in sloping channel patternPrice action is consolidating break below daily cloud, Chikou span is biased lower
The pair is trading below major moving averages which are trending lower
EUR/GBP grinds lower in sloping channel pattern, scope for further weakness. Bears target channel base at 0.8220.
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.
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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
BTC Next MoveBTC seems to make a bearish flag on the daily timeframe.
If it respects to support of 37900 this week then possible to retrace 42k else it could down following a bearish flag to 30k.
Start purchasing Alt-Coins if BTC goes down to support 37900 with proper DCA Strategies.
Further hoping for the best.
#BTC - &Btc (new Update in Daily timeframe)Dear Friends
There are 2 different resistance zones, Dynamic trendline, and static rectangle zone.
We need to destroy them to get in 49-50.
AND
very most important support zone 38000 &36500. if we break them Strong and great volume, the bearish trend continues.