XMRUSDT is on very strong weekly resistance 🦐XMRUSDT is on very strong weekly resistance after a very nice bullrun.
the price could retracement a little bit before a new attempt to break the weekly srtructure (red one).
On the daily timeframe (right one) there are the daily support where the price can reload.
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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.
Weeklymarketsanalysis
GBPUSD weekly Elliot chart, 26.07.20 Hi All
This is the long term view for GBPUSD.
The structures are all confirmed with fibo rations and also RSI
There are couple of structures i cant not conform 100% with fibo and RSI but I have names them as they fit in the context and wave counts.
First this scenario is valid until we hit 1.29$
This scenario is confirmed if I can see a candlestick breaking through the box area Plotted on the chart
the box zone is calculated based on Reverse RIS (5ema) on 2-months chart and weekly charts
AUDJPY on a weekly resistance 🦐AUDJPY on the weekly chart (left side) is now testing again a weekly strong resistance around the 76.400 area
At the beginning of June price hit and got rejected sharply by the resistance zone, hit the 0.5 fib retracement zone and start again a new impulse to the upside.
IF the market will break and close above the weekly structure we can look for a nice long position.
IF the market on the other hand turn again below the 75.000 area, we can look for a short order according with Plancton's strategy.
–––––
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.
CHFJPY on a weekly resistance 🦐Market is ranging between the 107 and 118 area, on the weekly chart market has been in a discending channel.
After the break of it it started an uptrend in higher high higher low move.
Currently the market has approached a weekly strong resistance that also is at the top of the asceding daily channel.
If the market will break the channel to the upside and consequently break the weekly structure we can set a nice long position according with our strategy.
–––––
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.
US OIL will break the monthly resistance? 🦐US OIL on the monthly chart has approached a very important level of a clear resistance zone.
On the weekly chart we can see that the market has been in a consolidation phase for the last few weeks.
What we could expect is to see the price retrace between the resistance zone and ema 21 before a break or possibly a clear break of the structure retest of it and continue the uptrend move.
––––
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.
GBPJPY Weekly Market Analysis. Inverted Cup & Handle Pattern.GBPJPY formed a beautiful Inverted Cup & Handle pattern along with a Bearish Flag pattern in 1 day time frame. After that price broke both the patterns with high Bearish momentum and is now on its retrenchment move and almost retesting 0.61 or 0.78 on the fib levels. Thus indicating the price to go short in the long run. Draw an uptrend line in a lower 4hr time frame and wait to enter when price breaks below that trend line on a lower time frame. That would make your entry much more safe. FX:GBPJPY
Price Action- Key to Trading GOLDLots of back-testing to do. But we may get a decent drop in price between prices 2000 and 2100 as with the past price action, price fell soon after the particular pattern was formed. I'm not one to start picking tops and bottoms but just a thought. Great hunting this week everyone, looking forward to another round next week :)
ENGBTC is waiting for a weekly breakout 🦐ENGBTC is waiting for a weekly breakout (red rect).
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.
xau/usdhere are my previsions for xau/usd we wish that the market will be stable . Since now the dollar has declined so as we know the gold is linked to dollar , and in this period the united states is preparing for a new wave of corona virus , due to those reasons the dollar has declined ...so stay tuned for today i am observing the market for news and we wish that the market won't pull back to the up side .
WEEKLY ANALYSIS USDCHF SHORT SETUP! (CLEAR TREND)Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading!
Start off with USDCHF! Price has been moving in downtrend for the past week and it has formed a symmetrical triangle chart pattern and this is an indication of bearish movement.
We strongly believe that symmetrical triangle is one of the most frequently appearance in USDCHF pairing. Head and shoulder has formed, too, which further pushing down the price.
The upcoming week, we will be looking for SHORT opportunity. A close below 0.94541 will expose the price to way below.
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Can We Continue Up Or Return To The Trendline?Wow! What a nice trendline bounce we had last week! Looking for some more action this week by seeing if we can keep the bullish pace up to the monthly level or make a return to the weekly zone, but this time to break through the trendline and let the bears take over. Now I am seeing a potential double top trade for the short when we reach the first bull tp. But let's see how things play out.
BULL TPS:
• 1779.64
• 1789.82
• 1805.30
BEAR TPS:
• 1760.44
• 1754.14
• 1739.48
• 1725.92