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
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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.
Resistance_level
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.
USDJPY-Weekly Market Analysis-Nov20,Wk4The resistance line at 104.21 or the trendline setup for a shorting opportunity for trend traders. Last Thursday and Friday have a clear demonstration of a weak movement on USDJPY, on the following week it may give us more clue of the movement for this pair for the next 2 weeks.
EURUSD-Weekly Market Analysis-Nov20,Wk4Having Bearish Butterfly reaching its first target and bounce back to the previous hight at the HOP level shows that the resistance is still in play. At this moment we have a descending triangle within a potential bullish shark pattern that I've planned for a shorting opportunity.
EURUSD - Swing Trading - Short term and Mid term TradingHi Traders!
Here is an idea for Short- and Mid-term Trader.
For the H4-Timeframe you can recognize a repititive pattern.
It is an ascending Trendline which finally gets broken.
This happened two times and the third ascending Trendline exists too.
The idea is to sell the break of the Trendline.
Now, here is the H1-Screenshot for the Short-term Trader:
Here you can see that the price just arrives at two important Levels:
- After the Breakout it retests the Trendline
- It arrives to the important Resistance Area
The idea is to sell the Turn-over at Resistance.
We recommend to trade in combination with candlestick patterns!
Thanks and successful Trading :)!