ATOMUSDT is testing monthly resistance 🦐ATOMUSDT is testing monthly resistance After the price lost an important daily structure.
The price could retest 0.5 Fibonacci level (retracement on 4h) or lose monthly support directly and flips into monthly resistance. According to Plancton's strategy, 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.
Supportbreakout
ADAUSDT is inside the descending channel 🦐ADAUSDT is inside the descending channel, and the price retested 0.5 Fibonacci level.
IF the price will have a breakdown downward, and turn the support into resistance, According to Plancton's strategy, 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.
CADJPY, 4hr timeframe, breakout of triangle/wedge patternHello my friends,
I've been inactive for the past days because i haven't found a good trading setup yet.
As today is Sunday, i spent some time to analyze the market and found some good trading opportunities for the coming week.
I am gonna share all my plans for next week to all of you in this tradingview.
So please drop a like to my post and follow me for all my next updates.
Let's begin with the first setup, CADJPY pairs.
I marked all the potential support and resistance using horizontal line.
Price has been respecting through the ascending trend line for 1 months since September 22nd and just broken below it in the last 2 days.
It then retested it on Friday so we will start selling this pair.
In this trade setup i am gonna show you 3 potential target profit. You could adjust yourself accordingly to fit your risk appetite.
Sell CADJPY 79.75
Stop loss 80.00
Take profit 1 at 79.10 (RR ratio 1 : 2.6)
Take profit 2 at 77.50 (RR ratio 1 : 9)
Take profit 3 at 76.50 (RR ratio 1 : 13)
Use only 1-2% risk
Good luck
Disclaimer : I am gonna start selling CADJPY on the opening of market tomorrow
DXY will rise or fall ?as we see dxy has a strong support on the red fibo line in the daily chart , it's clear we had several fake break outs on this support line .
two scenarios are possible in my veiw :
1.the last break out is fake and it will go up to the channle's top and then fall sharply or can break the resistance channel's top .
2. it will break the support line massively and continue its downtrend.
so for any trade in the begining of this week we mintor any four hour timeframe confirmation to see if it goes ups first or goes down .
SKYBTC nice bounce on daily support 🦐SKYBTC nice bounce on daily support and now the price is testing the daily dynamic trendiline.
The price must break a weekly resistance (🔴 Red structure) and then According to Plancton's strategy, 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.
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 Plancton0618 strategy will trigger.
DCRBTC is attempting to break weekly structure 🦐DCRBTC is attempting to break weekly structure (redone)
IF the price break it and retest the previous resistance, According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Will Old Support Hold as New Resistance?In yesterday's ideas we discussed the momentum building lower in this pair for a potential breakout.
Now price has broken lower it could open the way for further short trades.
If price rotates higher back into the old breakout support level it could be a solid level to hunt bearish price action trigger signals.
CADCHF waiting for a breakout 🦐CADCHF waiting for a breakout
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
BQXBTC could continue in a uptrendBQXBTC could continue in a uptrend
According to Plancton strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
NZDUSD | PRIORITY SHOWS PRICE IS BEARISHhello mates, if you find the idea useful, kindly hit the thumbs button.
priority shows NZDUSD IS BEARISH .price broke out of range to the downside. price retracing back to previous support also as we can see the sellers trying to protect the 61.8% fibs level. so we should possibly be looking for shorting opportunities.
feel free to share your opinions at the comment section.
XAGUSD Analysis: Sell ideaSilver is following a descending channel and just bounced from the channel resistance. The price also broke a support level and has retested it. I predict the price is highly likely to move further downwards.
Share your views of the pair in the comment section and like if you agree with the idea.
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1D chart
Descending Triangle chart pattern
Weekly support levels shown
Triangle bottom and Weekly support level create a support zone
Watch for a candle close below this zone
Watch for a break-hook-go pattern on smaller time frame
Decreasing volume and rising price shows buyers weakening creates a bearish bias