NZDCAD accumulation for a break 🦐NZDCAD is ranging between the 0.91450 and the weekly resistance.
If the price will break above we can 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
Rangetrading
USOIL on a range move 🦐USOIL is consolidating below a strong weekly resistance.
The price has recently created a nice impulse to the upside and according to Plancton's strategy, if the conditions 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.
AYDJPY looking for a break 🦐AUDJPY is not consolidating below a weekly support.
The price creates a minor range and according to Plancton's strategy IF the market will break above 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.
EURCHF bounces over the 0.618 🦐EURCHF on the daily chart after the last impulse started a range between the daily support at 1.07500 and the 1.08600 level.
The market bounces over the 0.618 Fibonacci retracement a few times and the price is moving to the monthly resistance.
According to Plancton's strategy, if the conditions 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.
CHFHUF on a bearish outlook 🦐CHFHUF on the 4h chart is moving on a wide range between 2 major structures.
The price after breaking below the ascending trendline is now testing and bounces over a weekly support.
According to Plancton's strategy when the price will break below, we can set a nice short 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.
UKOIL on recent highs 🦐UKOIL after yesterday's impulse to the upside broke above the resistance structure.
Currently, the price sees a minor consolidation and if the price will break above, we can 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
When Doge Peaks; It crashes: And takes the Crypto market with itBack in 2019 I posted a chart on the Doge/BTC pair pointing out that the Doge to BTC ratio was a lifetime historical support and that it would likely pump to atleast the top of the range so long as our support wasn't broken and so long as we could break a midterm downtrend pivoting from support :
Today i must say i'm quite happy with the result but now it's looking like the party is over and one thing i have realized overtime is that when Doge pumps to the top of the range it typically just goes right back down to the bottom and has often been an early indicator of an overall shift in the crypto market cycle.
We may see crypto enter a Mid to long term bear market very soon.
However, if in this bear market Doge can pivot and make a higher low this time around perhaps at the newly created 200 week Moving average then we may see Doge pump back to the top of the range and actually break above the resistance convincingly next time around.
GBPNZD 1D RANGE TRADINGRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Major correction coming soon for Bitcoin?We see that Bitcoin is trading in a range since ~ 8 January.
What is this chart showing?
- There was a shift in Market Structure at the 10th off January
- After this shift we saw the Lower-Low
- I see Equal high's, those should get hunted (imo)
(My) Conclusion:
I placed my short order at 50% of the orderblock (blue). I think this could be a major turning point for Bitcoin. Price could easy visit $25000 region (FVG). Price could also drop lower to test broken levels that are (STILL!) untested.
Thank you for checking my analysis!
Do you have tips or other comments? Tell me please! I'm open for feedback!
DOTUSDT is inside a daily range 🦐IF $DOT.X will have a breakout from descending channel and even from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
DOCKBTC is inside a range 🦐$DOCK.X bounced on Weekly support, and now the price is testing daily resistance. IF the price will have a breakout upward and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice 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.
Range trading: Cryptocurrencies as for 31/01/2021
Here we publish signals of the indicator called “ Ranger ”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with certain probability.
BTCUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 31100
Long position 2
(The price today will not fall below this mark with a probability 95%) 29606
Long position 3
(The price today will not fall below this mark with a probability 99%) 28112
Short position 1
(The price today will not rise above this mark with a probability of 68%) 36956
Short position 2
(The price today will not rise above this mark with a probability of 95%) 38450
Short position 3
(The price today will not rise above this mark with a probability of 99%) 39945
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1240.15
Long position 2
(The price today will not fall below this mark with a probability 95%) 1181.06
Long position 3
(The price today will not fall below this mark with a probability 99%) 1121.98
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1487.63
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1546.72
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1605.80
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.3941
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.3465
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.2990
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.4424
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.4900
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.5376
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading
Range trading: Cryptocurrencies as for 30/01/2021Here we publish signals of the indicator called “ Ranger ”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with certain probability.
BTCUSD
]
Long position 1
(The price today will not fall below this mark with a probability of 68%) 31380
Long position 2
(The price today will not fall below this mark with a probability 95%) 29712
Long position 3
(The price today will not fall below this mark with a probability 99%) 28043
Short position 1
(The price today will not rise above this mark with a probability of 68%) 36411
Short position 2
(The price today will not rise above this mark with a probability of 95%) 38079
Short position 3
(The price today will not rise above this mark with a probability of 99%) 39748
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1256.00
Long position 2
(The price today will not fall below this mark with a probability 95%) 1187.98
Long position 3
(The price today will not fall below this mark with a probability 99%) 1119.96
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1479.97
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1547.99
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1616.01
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.2732
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.2587
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.2443
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.3117
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.3261
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.3406
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading
QTUMUSDT is inside a rangeAfter a nice profit In Vip Channel, $QTUM.X is inside a range and the price is testing 0.786 Fibonacci level. IF the price will have a breakout from the range and from descending 4h trendiline, According to Plancton's strategy (check our Academy), we can set a nice 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.
Range bound trade of Nasdaq on 1H(Trading TF 5m)My trading idea is based on 1H chart. The 2 defense line is the two most-likely level that buyers come in to reverse the short-term downtrend.
The trading time frame is 5m when we look for reversal pattern, e.g. bullish engulfing, breaking downtrend line, taking out nearest control high.
FOMC will release its statement on 3 am in the morning time. As usual, huge volatility will be expected then. Be careful. Close your position before the announcement to avoid being stopped out.
The Splunk doesn't smell anymoreSPLK was a range reversal trade that was underwater for most of the month but is now beginning to show signs of life. I have moved my stop to the most recent swing low at 159 and I am still looking for the stock to fill the gap (185-205). Rate of change is slightly positive which is encouraging. Still a while until earnings so no major planned news coming. Hoping the technical continue to point to higher prices
EURCHF in a range move 🦐EURCHF on the 4h chart is moving inside a range between a daily resistance and a minor support.
IF the market will break above, we can set a nice long order according to Plancton's ststratey.
--––
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.
Dow on a range trading 🦐DOW on the 4h chart is moving inside 2 structures between the 31200 and the 30800 area.
The market after testing the upper one retraced at the 0.618 Fibonacci level
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.
CHFNOK breaking the range 🦐CHFNOK on the 4hh chart is breaking to the upside the weekly resistance.
The price after creating a double bottom over the daily support started a new impulse.
According to Plancton's strategy, 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.