NZDCAD Sell Idea Based On Multi-timeframe AnalysisW1 - Price is bouncing lower from the strong resistance zone formed by the 61.8% fibonacci expansion level of the first wave.
Bearish divergence.
H4 - After the first move down currently it looks like a correction is happening in the form of a range.
Until the key resistance zone formed the top of the range and the 0.91 psychological level holds my view remains bearish here.
Resistance_level
BCHUSDT wants to test weekly support 🦐BCHUSDT wants to test weekly support, after a nice bullish impulse, maybe caused by hard fork. IF the price will lose weekly support and retest it as new resistance, 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.
VIDTBTC is testing daily resistance 🦐VIDTBTC is testing daily resistance. If the price will have a breakout upwards, 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.
GBPUSD - Pull back tradeYesterday when the trade performs a 90pips run of profit, I've decided to exit the trade as I foresee a sharp pullback and here we are a chance of entry after more than 100pips of retracement/ pullback from the recent low.
I will wait for the close of the candle to engage the trade.
NZDCAD Testing which level is stronger. 2 ways it can go.NZDCAD fell from the channel it has been ranging in but pulled back from the MA200 line. The next move for NZDCAD depends on whether the MA200 line is strong enough to push the price back into the channel it has been ranging in. If not, NZDCAD will fall to the next support level. We should wait for NZDCAD to move either way before making a decision on opening a position.
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
AUDUSD Reached Daily Resistance LevelAUDUSD has just reached a resistance level that has been tested and rejected multiple times. We can expect the price to fall down and test support levels. If you zoom in on the daily chart, you can see that a double bottom pattern has formed which is a bullish pattern. However, if AUDUSD will continue the bullish trend, she will most likely need to come and test the neckline level once more before continuing the bullish trend. Our first TP will be the neckline.
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
RVNUSDT is trying to break the monthly resistance 🦐RVNUSDT is trying to break the monthly resistance after the price created a nice inverse head and shoulder.
IF the price will have a breakout upward and flip the current monthly resistance into monthly 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.
Going Short on GBPUSDRunning Trade...
Do your own analysis ...
Dont Forget Moving Stop-loss At Break-even
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ETHUSDT is testing weekly resistance 🦐ETHUSDT is testing weekly resistance 🦐 after a very nice gain with our previous idea .
We avoid buying below a resistance, for that reason, we will wait for a breakout. If the price will have a breakout and flips the current resistance into 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.
GBPUSD-Weekly Market Analysis-Dec20,Wk1Last week we did talk about the ascending triangle and the important level for it to break and close above it's the bearish shark formation. Right now the market has retested the support level of the previous ascending triangle, yes, we can see big bearish candle but don't forget the long shadow when it approaches the support level(blue line).
As long as the market didn't break and close below the support I'll be looking for buying opportunity, the first target goes to the previous high which is the bearish shark entry price.
I know what you are thinking, that's a small target, well, measure the movement. It is a good 90+ pips opportunity out there.
ENJBTC is testing the historical weekly trendline 🦐ENJBTC is testing the historical weekly trendline as a support.
IF the price will break the daily dynamic trendline and daily static 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.
TRXUSDT had a breakout from monthly resistance! 🦐TRXUSDT had a breakout from monthly resistance, and now trying to flip into new support.
IF the price will confirm the 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.