the price bounced on 0.618 Fibonacci level on weekly structure and now it's testing the daily resistance. IF the price will have a breakout and flip the current resistance into 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...
The price is testing 0.5Fibonacci level and 4h resistance. IF the price will have a breakout from this resistances, 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. 🟡...
AUDJPY after the recent highs retraced until the 0.618 Fibonacci level. The market from there started a new impulse until the weekly resistance. Currently, the price is consolidating below a minor resistance inside a bull flag and is attempting to break above. According to Plancton's strategy, if the price will break above, we can set a nice long...
The price action has been respecting this trendline for a long time and the recent strong price rejection on the 22nd of February adds confirmation that this trendline is acting as a strong support. The pullback from the previous recent high is almost finished and we can expect the price to break through the 100% level of Fibonacci, break the previous high and...
H1 : The expected Head and Shoulders formation mentioned in my yesterday's analysis failed !! As mentioned in my previous D1/H4 analysis, it it likely to see some correction after the rally seen recently. The ongoing expected move is under way calling for a move towards the former high @ 52652 which was the former resistance and...
How to Trade the Pattern It's important that traders wait for the pattern to complete. This is so because a pattern may not develop at all or a partially developed pattern may not complete in the future. Partial or nearly completed patterns should be watched, but no trades should be made until the pattern breaks the neckline. In the head and shoulders pattern, we...
Clear W short formed type spotted on the 12H. First Target 1880 USD Second Traget 2040 USD By drawing fibs from the last top 2043 to 1294 (coinbase prices) we can see that we are currently at 0.5 (1668) the break point of the W If we break we can expect the price to touch the above targets if we break 0.5 (1668) we can expect to see some resistance and...
Amazing how the pitchforks are valid for months after the trend starts. No matter how many swings go on in price action, the pitchfork shows areas of interest in both bullish trends and downward trends. This is a great tool to learn how to use so you can keep up with where to enter or exit during market swings. Enjoy
XEM/USD is ready for expansion upwards The Symbol $XYM airdrop/snapshot is happening this week, meaning that if you hold at least 100 XEM and opt in to receive the airdrop you will be airdropped XYM at a 1:1 ratio with the amount of XEM you hold. This means if you hold 100 XEM your wallet post-airdrop will have 100 XEM and 100 XYM. This is a fundamental...
Nice breakout from 4h resistance and now the price wants to retest the 0.618 Fibonacci level. If the price bounced on 0.618, 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...
GOLD after our last profit reached the expected support at the 1685 level. The market is now over a weekly support near to the trendline of the ascending channel. Moreover, the weekly support is exactly at the 0.618 Fibonacci level. We can expect for next week 2 possible scenarios. IF the market will break below we will set a nice short order. IF more likely the...
UKOIL after our last idea reached new recent highs and started a retracement move. The market touched the 0.382 Fibonacci level and create a range between 2 structures. According to Plancton's strategy if the market will break above we can set a nice long order opportunity. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
First of all , my previous idea regarding USDCNH is right. Now, the momentum to the upside is strong with key zone penetrated. Secondly , after 11% drop since May of last year, 5% rebound is likely to happen(50% fibonacciretracement). Thirdly, the pair might got issues around 6.67 which happens to be the Flip level. It is not good news for Chinese assets,...
It's a nice structure with key fibs, moving average lines and flip. The probability of going up is very high!
Last weekend, I was projecting an upside move for USDCAD (linked below). If the bottom of the right shoulder was caught, then that trade is still valid for potentially 300 pips. Unfortunately I missed that entry. This weekend, I zoomed out and forcasting a larger move from the daily & monthly point of view. Although USDCAD is consolidating within a...
we can see two Fibonacci extension and projection are having confluences with each other and the TP price seems to be fusible what do you think?