$ECL longCould be that I'm a little bit late to the party - should have entered already at 156.50 USD - but I guess this order could be also okay. Good trades, folks!
Weeklytrend
ADA trend lines and fib levels#ADA/USDT
$ADA weekly trend line and fibonacci levels.
price is above 1.272 fib level of last weekly swing high, last support will be 1.414 fib level at $0.158.
and you can see the support levels in between.
this will be the last support zone that price should hold it so we are mostly near the bottom.
there is a green descending resistance that break out from this will be the start on new rally but pullback to this line will be around $0.1587 so don't rush to buy yet.
2 GAP + QM patternwe have 2 open GAP on BTC1! CME chart. I think bitcoin formed QM pattern in Daily TF. QM is a powerful pattern.
Bitcoin was broken weekly trend line (in logarithmic chart mode) and i expect bitcoin goes up to near 60K for 3 purpose :
1-close open gap, 2- QM pattern complete, 3-pullback to broken weekly trend line.
if correctly complete QM pattern bitcoin price goes to Daily zone.
EURJPY analysis by forexbeeEURJPY Analysis: Looking to buy from the below demand zone
Trend: Overall Trend is Bullish. Price has been oversold as well with consecutive lower lows on lower timeframe.
Trade Idea: EURJPY has been retracing towards the demand zone. The main confluence here is that a strong key level is coming on the way which has the ability to reverse the price. Fresh Demand zone has added more power to the key support level. there are high chances of reversal in price.
USOIL Weekly/Daily analysis 🦐USOIL on the weekly chart couldn't break the descending trendline and the daily resistance around 41.30.
On the daily chart, the price is moving inside an uptranding channel.
If the price during next week will break below the 39 area, we can expect a new test of the 37 level.
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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.
GBPDKK on the break of a weekly trendline 🦐GBPDKK on the daily chart is testing the weekly descending trendline.
The price can approach soon a daily resistance around 8.300.
IF the market will break and close above the structure we will set a nice long order according to Plancton's strategy.
–––––
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.
USD/CHF Weekly time frame wide rangeRecently tested the weekly resistance point and failed to close above. It looks like its continuing with its range trend; if so this is an early catch and seems like a good idea to short. Would be adding my stop above the resistant line and securing some pips along the way
AUDUSD DAILYOverall it is in a uptrend on the weekly, however on the daily its downtrend line is still holding & I think will make one lower low back down to the weekly uptrend line before breaking to the upside. Looking for short term shorts this week, as I believe the dollar will be making a retracement to continue its downtrend (DXY).
Bearish Sentiment Confluence
1.Trenline break on daily
2.Weekly timeframe changed sentiment (short) weekly downtrend
3.Break of opposing level on 4hr
4.Profit margin (1:4)
5.If price action shows signs of reversal than we exit trade otherwise we hold until all major support lines/zones are broken
AUDUSD Short on small time frame.AUDUSD looks like it can go to test .74000. It just formed a bearish bat pattern on the 15 min time frame. Allowing a short opportunity. The pair is current resting on a weekly trendline, so looking for a shorting opportunity is ideal.
NZD/USD Great place to enter a short position. LOW RISK ! Sorry if the chart is a little bit vague, please do not hesitate to ask any question you may have.
I believe during this week, we would heat target 2.
Please set your TP and SL for target one for now and I will update once we got closer.
Cheers,
Masih
