USDJPY on a lower low?🦐USDJPY on the 4 chart is creating a lower high lower low move.
The market is now testing the support around 103.650.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order.
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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.
Lowerlow
Dow Makes First Lower Low Since Age of Dinosaurs..I can't believe it.
The Dow futures registered a lower price than that of the local pivot from the prior week. Whether this leads to an almighty selloff today or not does not matter.
Baby steps.
-LowerPig
CURRENCYCOM:US30
TVC:DJI
CURRENCYCOM:US500
TVC:SPX
TVC:NDX
H4 Trendline BreakCurrent H4 candle close breaks trendline acting as Resistance. Break at 3rd touch. Expecting Lower Low. Current High after break, will makes 2nd Trendline. If 2nd Trendline is break, then I will be expecting pullback at 2nd Trendline that will act as RBS Resistance Became Support, for Uptrend possible Uptrend continuation after that.
GBP/USD Short trade based off patterns from price actionPotentially a large swing trade setup coming next week.
Daily Chart -
Price has been in this ascending channel since march of this year and after the second touch of the pattern, we have the double top with another ascending channel leading up to the double top area.
4HR Chart -
Here is the price pattern in more detail. The first profit target is the start of the ascending pattern.
1HR Chart -
Im looking for simple flag continuation in order for an entry but enter the trade according to your plan.
EURO STOXX 50 #RRR 1:4 Short Setup LL and LHHI BIG PLAYERS,
on EURO STOXX 50 I found a nice LL and LH signal for shortsetup.
In 1 h chart the last low breakdown the previous low and in the 15 min chart it seems also like a lower low and a lower high.
The RRR (Risk-Return-Ratio) would be 1:4.
Kind regards
NXT2017
audusd zigzag 3-3-5 According to indicators such as moving averages 200 SMA and 50 SMA + pivots , the direction of the trend is in process of going down. This is visible in the formation of a descending traingle which is occuring a flat in progress. To find the target you could use the fibonacci extensions and retracements to find approriate SP.
In the forex market I would reccomend for each tradeyou should use only 2% of your amount for each trade.
This is my authentic Idea and for many interested traders my insta page is financialstrateguy where you can learn where you should focus by appliyng useful tools.
BTC to test once again 12,100$ before the election?We are currently under 10SMA in 4H time frame. Also BTC made higher highs in price / lower low in RSI. I would like to take this risk with a conservative stop-loss. I am not greedy shorting BTC NEVER! 12,100$ area would be more than enough for me :)
If the price goes below 10k buy more,
below 9k buy even more,
below 8k start to sell your stuff and buy more
below 7k call mama and tell her to buy some
below 6k ohh I am getting exited already, call all your friends,
below 5k take my iPhone give me more BTC!
You can see how professional I am 😂 so take this risk accordingly :)
Price Rejects Daily Resistance LevelThe key price action resistance level we discussed at the start of the week has now held with a large daily chart bearish engulfing bar.
Price is now rotating lower and is looking to move into the next daily support level around 1862.50.
This market has now formed a series of lower highs on the daily chart.
If we can see this next support level break with a new lower low, then the bears would look to be in full control and the trend higher that has been in place for the majority of this year would have shifted.
Spx at second support. The spx made a LOWER HIGH and now is at second support,
Hoping for price to break it and make a Lower Low.
At this support look for a possible trade possible.
If price should break short, and otherwise if price should reject Long.
Advice not to trade against the market trends.
Wait for price action!!! TVC:SPX
BTC- No match for the long-term resistance zoneThere is no sign of waning selling pressure yet and lower high/lower low structure has been established.
Bounce back is weak after the selloff.
Mostly likely scenario is for the price to come back down to the demand zone first.
Then, we go through a period of consolidation before the price takes off again.
S@P Crab Tries to Fall to New Lower Low Level.this Idea is in Continuation of my Confirmed Previous Idea.
S@P Crab Tries to Fall to New Lower Low Level.
Alert: Bitcoin in demand zone + bullish rising wedge: Buy signalHello traders and guys of the trading view community. In this analysis, at the moment, in Daily the trend is not clear here. As we are in the important support key betwen the $10,400 USD and $10,198 USD, its could be to produced a manipulation for short position, we need to take as counsel while Bitcoin it's go on.
So, in H4 timeframe we see one change of perspective, because the $10,198 USD it's could be to consider as important level as support, becuase the price tends to go back to the $10,200 USD above it. Because the candlestick show a bullish movement, we have one signal of alert to stay alert, there are one rejection's candlestick and RSI and MACD overbought, and that show a possible bought until the go back to the $11,100 USD to then, confirme the break down of the shoulder head shoulder
IN H1, the RSI indicator show a momentum to see a bought because the price are overbought and RSI make a lowe higher and price action make a lower lower, that show a possible change of trend and bulls are defend for complete to find up the $10,200 USD as maximum point, if the Bitcoin it's was defended for bulls, we could see a bullish movement!!!
Market Structure with Support Resistance - #Basics #LL #LHHello Traders!
I got a new education post for you. This is one of the first basics in the forex market. It is very important for you to understand.
Why do we need to analyze the Structure?
We do that in order to determine the trend. It is more easy to trade with the trend and not against it. Simply because you can catch more pips with one move. This is very good if you are Swing Trading but it is also great if you day trade it.
Market Structure:
The market creates Lower Lows (LL) and Lower Highs (LH). Also you can use Support Resistance for that. As you can see on the chart, it fits perfectly. Support became Resistance after breaking it and also there we mostly have then a LH in a Down Trend.
I hope you could learn something. It is one of the basics. And if you are more advanced trader, I hope that you are reminded through this post at one of basics
Thank you and we will see next time
- Darius.