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Pullback

SANDUSDT is testing the Metaverse Demand ZoneThe market is testing the demand zone on 0.8 where the Metaverse FOMO started. The price had a little bounce and retest the 4h resistance after the breakout from the pennant on 1.5$ How to approach it? The price needs to create a new breakout from the 4h resistance and retest it as new support. IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
12
XRPUSDT wants the pullbackThe price is creating a falling wedge and the price is testing the dynamic resistance after the first rejection on 0.382 Fibonacci level. After the Breakout from the descending channel the price created a double bottom on 4h Timeframe. How to approach it? IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
Selling opportunities on EURUSD There's two options to short EURUSD The first one is an aggressive way and it's by using stops above 1,0601. This way, you'll have a good risk to reward ratio in case you're looking for a new low. It's considered aggressive because you can get stopped out but then price could easily turn around and continue lower. In this case, you'll need to look for second entry. The second one is by using a bigger stop above 1,0773. If price reaches this stop, then we would expect a bigger move to the upside. Depending on your style of trading and risk tolerance, you can decide which one to use. In both scenarios, we want to see a candlestick confirmation before we open a trade!
Short
by ForexTrendline
21
EURUSD post FEDYesterday FED raised the Interest Rates by 0.75% instead of 0.5%. Despite that, our expectations were right and we saw a wick to the downside followed by a move up. It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615. The market will confirm our idea once it breaks above 1,0470. That's when we will be able to determine specific levels where price will eventually go next. Right now, long positions are risky and not confirmed.
by ForexTrendline
11