Rejections
GBPNZD: Will you short it ?On GBPNZD, H1 timeframe, price is forming a trendline as it's hovering around a strong resistance level. The price had 2 rejections forming a non-typical double top as the two red dots aren't 100% parallel. Meanwhile, until the trendline is broken, this one is still bullish.
TRXUSDT wants to retest the previous weekly support 🦐After a bearish movements, the price retested the weekly resistance. Now the price is testing 4h resistance. IF the price will have a rejection, According to Plancton's strategy (check our Academy), we can set a nice 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.
Ethereum is going to explode too!!! Buy Ethereum soon!!!Hello, in this analysis, Ethereum show a bullish sentiment as Bitcoin too.
In Daily Ethereum has reach the 0.618% of Fibonacci, that mean a possible goldden zone and continuation of their trend in medium term to recover and pass the $400 USD.
Now, I enfocous more in H1, becuase Ethereum has formed a ascendent triangle, that mean an accumulation zone, that is a bullish signal that Ethereum do. Guys, also if you noticed it we have a bullish divergence in H1 Timeframe that mean a possible change of trend. And using the model of Elliot Wave ABCDE, we could see to complete it.
Also, using the price action we hope that Ethereum goes to the objective to target at $413 USD that mark in the anche of the triangle. That is a bullish signal.
And also, that in Daily we see the squenze of rejection, Ethereum could to it as crypto-market is enter in the recuperation!!!
Gold isn't done yet imoThis week i've made 20% on gold buying 30EMA hits followed by engulfing candles. Yes its easy to make money in trends if its just keeps on rising however i also made money selling a few smaller time frame double tops. I think the bullish move will continue after forming a flag or if that breaks lower, when price reaches the 30 or 50 EMA on the 4hr chart and has a good rejection.
[ETH/USD] Price might find support around 400 zoneCryptocurrencies have been in a bear market the last period of time, but the momentum to the downside is running out of steam.
Price might settle down and find support at 400 and slowly create an uptrend again.
Just market cycles. Let's see what happens, I'll keep the chart updated
SPX 5 rejections at 2350Hello Traders,
today we would like to share with you the SPX as it shows very interesting moves currently around the 2350 level.
"White House says vote on healthcare bill scheduled for 19:30GMT (via. Reuters)." Therefore, the market currently tumbles sideways as uncertainty arises, everyone is looking at a decision which could move the SPX as it currently flirts with 2350 zone on the downside, after the break of this zone on Tuesday. Will we see lower prices? First clue was the 5th rejection of the strong resistance zone at 2350. However, important is today's close together with new from the White House.
We always mention the importance of intermarket flows, as we believe that investors only repark their money due to sentiment and global macro-economic conditions. Therefore, we always keep in mind the in-and outflows with the help of our intermarket indications that lead us towards better timing when making a trading decision. As you might know that timing is one of the most important things when it comes to trading together of course with risk/money management.
As seen in the chart, two of our three intermarket indications already moving in lower areas territory. They might be the possibility that they soon reach extreme zones of more outflow of capital to other asset classes. We always take into account the BIG 4: Currencies , Bonds, Stocks and Commodities . Only the SPX/USDX ratio shows still more potential to the downside. Movements could be soon momentum driven based on intermarket indications.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
We wish you much success,
The Secrets2Trade Team