USD/CAD Still bullishHello Traders , with break 1.37900 monthly support level , i expect the price reach the next resistance at 1.38780 this is a first stage,scenario is different if a pair fall under support at 1.37900
Monthlysupport
NEO PRICE PREDICTION 2022 💎 NEXT TARGETSNEO is under a huge dynamic resistance. But soon it will open doors for long term holders buy round $5-$10 and hold for $100-$120.
NEO has shown that its accumulation period range from 600-900 days and after that you will be rewarded 800-900% profit.
The chart showing both short and long position trade carefully.
AUD/CHF FULL SETUPif a price rise to 0.68660 and close above it will arrive to 0.69220 to touch a horizontal resistance and falling trend facing 0.61 fibo to continue falling until arrive 0.67200 at this point will be the beginng to strong rise
EURGBP an unbeatable bear? 🦐EURGBP on the daily chart is currently testing the string support area at the 0.83000 level.
The price after a few test over the confluence between the structure and the weekly descending trendline retraced at the 0.618 Fibonacci level and tested a daily resistance level before turning again to the support.
How can we approach this scenario?
The increasing volatility can provide some false breakout, especially in the areas of a strong structure. We will monitor the price for a possible break below the area and in that case, we will move on the 4h timeframe to look for the Plancton academy rules and 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.
XAUUSD Trend analysis OANDA:XAUUSD
Bullish Indications
1- Formation of HH & HL
2- Inverted hammer followed by big Green Candle
3- Major monthly Support zone around 1780
4- 4H trendline support
5- support at 0.786 Fib level
6- Double bottom
7- Confluence of Horizontal support + Fib Level + Trendline bounce
8- For last 7 years, December is green for 5 years, 1 year is neutral and 1 is little red.
So I am long biased. Even if Gold continues downward trend, it may show bounce from major monthly support area and if bears appear to be much powerful than act according to plan B otherwise plan A will be intact. Both plans are mentioned on chart
Please comment for any suggestion, follow and support if you like the idea.
Thanks and good luck.
0.8300 Target On the cards for EURGBP!
Have a look at the above image (EURGBP M TF CHART): It was crucial that the monthly candle close convincingly below monthly 0.8500 psychological support. Support break and confirmation would likely lead this pair towards the swing low (0.8300)
Now looking at the main chart (WEEKLY TF EURGBP), we can clearly see that the price is in a descending channel and likely headed towards 0.83000 level in the near future.
However for every trade. a trader needs to evaluate the ideal entry point, SL and TP so that the risk reward ratio aligns in our favor. In this case as per the confluence factors on the chart below are the ideal entry instructions:
TP: 0.83000 (swing low)
SL: 0.87000 (swing high/channel high/W & M 50 EMA)
IDEAL ENTRY TO HAVE 1:1 RR: 0.850000
So as we can see, for this trade to have ideal RR, we need the price to retrace towards 0.8500 level before we can make a short entry. We could see this happen this week as major banks have policy announcement which could make the EURO gain as its too oversold!. This could be a great opportunity to await deeper retracement and have a better RR for this trade.
THIS JUST REPRESENT ONE OF MY ANALYSIS AND ITS NOT A TRADE SIGNAL. SIGNALS ARE USUALLY POSTED ONCE THE CRITERIA MEET IN A NEW POST WITH COMPLETE INSTRUCTIONS
Retracement to 1.16500 required before SHORT entry! Target: 1.15EURUSD is currently in downtrend! However 1.15000 acts as a strong monthly support. So based on the monthly pivot points its best to wait for slight retracement to 1.165000 area for better risk to reward ratio. Monthly EMA was also pierced and candle closed below it, this further eliminates the hurdle of monthly support and opens the path to 1.15000 area.
i shall update the trade criteria once and if the price retarces for a better 1:1 RR.
EURZAR bounce over a monthly support 🦐EURZAR on the 4 chart test the monthly support and start to trade to the upside.
The price is testing a minor resistance zone and according to Plancton's strategy if the market will break above we will set a nice long order.
–––––
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.
Possible Long NZDCAD?? Feel free to like or comment. Especially if you see something different or think otherwise state your reason(s). I am open to seeing others point of view.
1.) Here price found support and formed a double bottom pattern, which is a bullish formation and started off the uptrend. This also serves as the low.
2.) After the double bottom was formed, price confirmed it by retesting/respecting the neckline. This ultimately created a Higher Low.
3.) Price broke out of the monthly support as expected and begin to form higher highs and higher lows. This higher low formed a double bottom.
4.) After double bottom was formed, price continued up and created a higher high. Price then retested/respected this neckline and continued up.
This area also served as a daily support, which will eventually form a daily resistance.
5.) Once price found support at the daily resistance price formed another higher high. After this high price retraced and ultimately broke below the prior low. This is known as a break of structure "BOS." When this occurs except a retrace to test this level and price possibly dropping lower. This break of structure also correlates with the daily support level which is now resistance. Also when a BOS occurs, normally look for a retrace to at least the 50.0 level. After drawing the fib from the high to the new low, the 50.0 fib level ALSO correlates with the daily support/resistance and the prior low.
After price broke structure it found support at the monthly/weekly support level. Formed a double bottom, which also can serve as a bullish reversal pattern. Price is currently at the neckline of this double bottom, but the previous daily closed in a large bearish candle. Since price is still respecting this monthly/weekly structure. I will just wait and standby for price to show bullish candlestick and enter a buy.
6.) If you switch over to a higher time frame like the MONTHLY, maybe the weekly, you will notice that price formed a double bottom. Where price is currently is testing this area (the red broken up line illustrates the neckline of the double bottom).
USDZAR bounced over a monthly support 🦐USDZAR after a few tests of the monthly support starts an impulse and currently is consolidating below a minor resistance area.
According to Plancton's strategy if the price will break above we will set a nice long order.
––––
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.
GBONOK on a channel break 🦐GBPNOK on the 4chart is moving inside a descending channel.
The price after the last bounce over the monthly support at the 11.44 level starts a bullish move and now testing the upper trendline below a minor resistance.
IF the conditions of Plancton's strategy will be satisfied, we can set a nice long order
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together
USDZAR bounced over a monthly support 🦐USDZAR after the long dowtrend reaches a monthly support.
The price bounced sharply and create a nice impulse.
Now the price is consolidating below a minor resistance and if the price will break above we can consider a nice long position.
––––
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.
NZDJPY on a monthly support 🦐NZDJPY is currently testing a. monthly support.
The price after the attempt to break below retested the minor resistance and now trying again to break below.
IF the market will manage to break below the 73 area, we will set a nice short order according to Plancton' strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NZDJPY on a range 🦐NZDJPY on the 4h chart is ranging between the monthly support and the 74 level.
The price will possibly test the support at 73.700 area before starting a new impulse.
IF the price will break above the resistance area we will set a nice long order according to PLancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
UUSDCHF Weekly/Daily analysis 🦐USDCHF on the weekly chart broke and close below an important structure at 0.90.
The price is moving inside a descending channel but on the daily chart we can see a possible formation of a falling wedge.
We can expect the price to reach the 0.88 area on the lower monthly support before looking for a possible break of the wedge formation.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
USDCHF looking up 🦐USDCHF after bouncing over the monthly support at 089900 created a nice bullish impulse.
The market hit the higher trendline of the descending channel and start a tight consolidation between 2 minor structures.
IF the price will break and close above the resistance structure and consequently break the channel, we will set a nice long order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together
AUDJPY on the upper trendline 🦐AUDJPY after perfectly bouncing over the monthly support at 73.350 has started a new bullish leg.
The price has reached the descending trendline below a daily structure at the 0.5 fib retracement of the previous leg.
IF the price will break and close above we can set at the retest a nice long order.
IF the price on the other hand will be rejected we will look for a short position.
–––––
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 EUR/JPY. SHORT EUR/JPY, ***IF there is a clear rejection at the 38,20% level of the fibonacci, wich is on the key level. The market broke a monthly key level and a trendline dated from June 24th 2016. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
USDCAD - SHORT - 5TH WAVE + WEDGE PATTERNBIAS: SHORT
1, 5TH WAVE ON ELLIOTT WAVE THEORY
2, WEDGE PATTERN
3, TARGET BASED ON FIBONACCI + MONTHLY SUPPORT
AUD/CAD BULL TAKE OVER? SWING/POSITION OPPORTUNITY Price Action (Technical Analysis): For a a little over 1 week & 1/2 we have been allowing price to accumulate at a highly respected key level of support (Monthly).
Weekly bullish hammer was formed at support which indicates us high buyer sensitivity, we are expecting a continuation of buyer waves to enter.. We had price break it's consolidating market with a bullish impulse breaking above & we saw price gradually pull itself back to test structure setting us up to just await an entry confirmation (price action reversal pattern). Exiting reasons would ideally be at our high respected descending trend line. Further analysis will be made as price follows itself to our rally point.
Fundamental Analysis: None.
Possible Price Reversal We have the following factors:
Falling Wedge
Monthly Support (Purple rectangle)
Divergence
Different Timeframe bias
DXY Testing weekly resistance
We should wait for a clear breakout of the falling wedge + Good price action confirmation. Otherwise I wouldn't advice taking this trade!
If so, then adjust your SL since we may expect a pullback.
Once all of this is accomplished, we may expect a very long uptrend, you may target to the recent swing high (green rectangle) or seek for additional entries until the market shows the trend is over and you may trail your SL.
All comments are appreciated and welcome!
Peace!
