GBPDKK on the break of a weekly trendline 🦐GBPDKK on the daily chart is testing the weekly descending trendline.
The price can approach soon a daily resistance around 8.300.
IF the market will break and close above the structure we will set a nice long order according to Plancton's strategy.
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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.
Dailychart
USDJPY squeezing bulls#USDJPY:
(1D):
The analysis here is pretty much unchanged, with price being in a overall downtrend with 200 EMA confirmation and a descending triangle still in place. For these reasons, my bias is still bearish
(4H):
Last week we saw the price breaking the nice rising wedge formation, leading us to open a short position. Unfortunately, we saw much consolidation, closing our position at breakeven.
(1H):
If we look for another entry point, we can notice that we are in front of a squeezed price action, with the price hardly trying to break the daily trendline (black) withouth results. A break to the downside is what we are waiting for.
Special Analysis: Bitcoin could be to retest again the $11,200?In this analysis, I updated the Weekly and Daily zones!!!
Looking in Daily timeframe, we are clearly so bullish.
Now, looking in Daily timeframe, the latest candlestick that was closed it's an bullish of market indecision and then, the trend on Bitcoin could be to experiment any pause before to continue toward the $12,000 USD, that is my exact key level!!! So, in minutes, I wil going to make an updated!!!
BNBUSDT Elliot wave analysis 1D time frameDaily time frame makes me think we are still in the formation of the B wave or maybe began with the formation of c in the ABC corrective pattern . It's bullish on the daily time frame as a whole as soon as we find a new bottom. Cannot guarantee a bottom now.
Eur/Usd: Daily Chart - Oct. 7th-9thEur/Usd in short-term uptrend (retracement/liquidation). After contending weekly support @ 1.1700 buyers momentum pushed the market back into our daily range (1.1700-1.2000). Buyers now coming in @ 1.17500-1.17650 (previous weekly/daily support) Bearish signals above 1.18500 (61.8% of initial bearish impulse down) will signal swing trades into 1.1500-1.14500. Strong daily closure above 1.1800 will allow price to retest the upper range of our consolidation @ 1.190-1.200
Daily Support @1.17500
Daily Resistance @ 1.1800
GOLD is about to breakout.....Hi Traders,
Gold was in a monstrous uptrend since covid - 19 outbreak. Now price has retraced and tested a key support level (yellow). A break above the trendline can result in price testing the highs(Red) again. In case of a downward break price could test the next immediate support level(Green).
For queries pls comment below....
Happy Trading...
Major Trendline Break expected in USD CADHi Traders,
It seems USD CAD found some critical resistance and is now testing the trendline in the daily timeframe. A break of this trendline can result in price testing the immediate support at the marked zone (Green). This move can result in some good short positions in the lower timeframes. So we suggest adding this pair to your watchlist.
For queries pls comment below...
Happy trading.....
GJ is Retracing!... #DailyAnalysisI analyzed GBPJPY from the Daily Time-frame. I noticed a pattern was being formed, which indicated Bearish longer term movements. I predict that before those movements occur, price will pullback into my marked gravitation zone. Which isn't far from the key 61% Fibonacci Level. Price is also currently testing a Daily Pivot Point Level. With two failed attempts already, another attempt may just give in to upward movements. If prediction goes as planned, I will wait for movements towards the 61% & 78% Fibonacci. If price doesn't close above the 78% Fibonacci, the buyers may be gassed out. I will then look for a short opportunity when it presents itself.
Thank you for reading. I'm going to keep dropping Analysis gems every week.
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AAPL hovering above support retestNASDAQ:AAPL gapped over a trend line resistance today and retested it as a support. There is also a corresponding horizontal support at that level as well (Near $113). So far it looks good, currently long from 113.60 with a stop loss at 111.90. The next resistance target is near $119. The only negative thing is that the ADX indicator is still bearish. If it crosses over (green over red) while the price remains relatively the same for the next few days, I will add to my position.