GBPNZD on the daily chart hit and got rejected by a monthly resistance around 1.96 level. The price which moves in ascending channel reaches now the 1.94600 level and testing a minor support. IF the price will break and close below the structure and consequently break the channel we will set a nice short order according to Plancton's strategy. –––– Follow the...
there is SHS pattern and the neck and trend line have been broken
GBPCHF on the daily chart after hitting weekly support at 1.16500 is consolidating below a resistance level at 1.19 level. On the 4h chart the price found a minor support at the 1.18 area. IF the market will break and close above the daily structure we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618...
A currency pair to watch this week as we approach the final 4 months this year, 2020. Watch closely regarding monetary news from RBA's rate statement on Tuesday, 1st of September, 2020. Westpac bank projects AUDUSD at 0.77. Could a buy at 50% and/or 61.8% be eligible for this pair? What do you think could it offer for GBPAUD? Have a nice trading week.
GBPNZD on the daily chart (left) is moving inside a uptrending channel. On the 4 chart (right) market after consolidating between a support and resitance has broke the 4h structure to start again a bullish move. According to our strategy we can set a nice long order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if...
EURUSD is at critical level of daily support which also align with Fibonacci level of 78.6%. If this level holds we can expect move beck to recent highs of 1.1 area. Stops below recent lows.
Currently waiting for a 4H candle to close, looking to enter short at price above 77.00 SL 77.51 TP 75.00 may take some profits at 75.70 R:R - 1:4.3 200+ pips potentially to be made on this trade.
Prices are set to reach the trend line resistance at around 1.8100. We should see a reversal down to levels around 1.7760 or maybe more. Like if you agree!
Good evening, looking at the 240 interval and the parallel channel Bitcoin is currently moving on the lower side, we see the Yearly Pivot that still needs to retested from above, is currently together with the lower lead line of the channel building the support to look at and therefore if not happening before a good possible re-buy area. Currently the Monthly R2...
Good morning and hope everyone had very wonderful and merry Christmas! I am back to business now and hope we all can start the year 2020 with some great trades in a couple of days. Let´s have a quick look at the 4-hour chart of Bitcoin, where we can see a rather clear bounce off the Weekly Pivot and key-level support. To reach the $7.6k again, we need to break...
Technically, at the moment we have no clue if it´s going to break up or not. The higher low and the horizontal keylevel might indicate, that this is going to turn into a triangle-shaped fractal, before going any direction, which means there is time left to range. At the moment we have fallen back below the Daily Pivot, which can indicate a bearish tendency for...
Okay, On my Higher timeframe the Daily we have an uptreand , so i was looking for a pullback(Discount) so i can try and join the uptrend, on my trading timeframe the 240 i was looking for a temporary downtrend. Price started to range between 1.11212 and 1.10742(Marked by green broken lines) this was a sign of sellers struggling to go lower low, but the buy ran...
As we explore a nature of dynamic Fib channels with this pair. It's been interesting watching how it has adjusted its position based on price and time. Have you wonder why it hasn't been motivated heading South for a while? It actually just daunting some moves but still on the proper level to stroll upward. One of the findings is that, it has been actually...
The daily chart shows price in an descending triangle with support below price and lower lows being made above. Currently price is pushing up towards the top of this triangle,but experiencing some problems getting past H4 resistance. I am looking at price pulling back into H4 dem
Bearish gartley and bullish bat on AUDUSD 240. Entry on gartley at 1.272 fibonacci extension from AB and on bat at 88.6 fibonacci retracement from XA. These patterns will be traded with 2 targets, both patterns use target 1 AD 38.2 fibonacci retracement and target 2 61.8 fibonacci retracement.
Hey co-traders, 1st off, our GU is seating off on Major Short Trend. It's not wise to buy until cloud is clear. We can see how she tries to move up and keep on getting rejected on those key levels on volume. Dynamic wise, dealers still have a room for it down to the bottom to 1.235 or lower, which could be calculated as economic factor depreciates its price on the...
Just basically updating EURCAD after a long week of shorts with a simple touch on wave. Note: Personal buy entry @ 1.46453. Trade safe!