The price of GBP/JPY has broken through a significant resistance level at 160.000 as expected from our previous idea, indicating a bullish momentum in the market. The breakout suggests that the buyers have taken control of the market, and the price is likely to continue moving higher. After the breakout, the price has moved to the next significant structure zone...
AUDCHF on the 4h chart has been trading in series of lower lower high. The market after a consolidation phase over a support create a new impulse to the lower side after a last liquidity grab. Within 2 narrowing trendlines the price reached a support area ans started anew move to the upside. It breaks the upper trendline and is now testing a resistance...
The market after a downtrend created a double bottom. The price after a break above resistance is now looking bullish and we will look for confirmations to set a nice buy order.
After our previous ideas (Link below) Gold creates a series of lower lowe lower high move and deliver since our first idea a 5% move in our favour. Until there will be no sign of inversion on the 4h and the 1d timeframe our bias remains bearish therefore we will be looking for potential retrtacent to provide us a new entry or a possible break of the support to...
EURCAD is exhibiting a bearish technical pattern on the 4-hour chart. The triple top pattern suggests that the price has reached a resistance level that it cannot break through, and the subsequent drop to the 1.42500 support area reinforces this idea. Moreover, the fact that the 1.44500 level is acting as resistance after being support in the past indicates a...
USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel . After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone . If the market is able to successfully break above the structure, it could signal that the upward...
GOLD after our previous idea created a series of lower lows as expected. The market broke below the ascending trendline and the daily support and is now heading to the 1820 support area. We will monitor the market around that level to check if there will be an opportunity of a bounce or add more shorts if the market will break below --–– Follow the Shrimp...
The EUR/USD pair has been exhibiting a downward trend for some time now, and the recent price action appears to be forming a potential selling opportunity. From a technical analysis perspective, it seems that the price has tested and respected a key level at the 0.382 Fibonacci retracement level, which is located below a significant daily resistance...
USDJPY on the 4h chart after the previous idea broke and retest the resistance level as expected. The price also broke the descending trendline creating a potential long setup opportunity. How can i approach this scenario? IF the price will break the minor resistance level we can consider a buying setup according to the Plancton's strategy rules. ––––– Follow...
On the 4-hour chart of EURAUD, we can see that the price has been in a descending trend until it tested the weekly support level. After hitting this level, the price started to move in a potential bullish direction with a series of equal highs and higher lows. This is a good sign of a potential trend reversal. The price is currently trading below the resistance...
EUR/JPY after breaking above the daily resistance and reaching the 143.500 resistance level has tested the 0.5 Fibonacci level and retested the resistance level, a potential strategy would be to wait for a break above the resistance level to confirm the bullish momentum. Once the price breaks above the resistance level, the trader could set a long order with a...
GBPUSD has recently experienced a drop and retested the 0.5 Fibonacci retracement level, exactly where the last supply area was The price created a spike to grab liquidity at the 0.618 Fibonacci level before dropping lower over a support level. This indicates that there may be some bearish pressure in the market. If the price breaks below the support level, it...
GBPCAD pair is currently in a downtrend, with a series of lower lows and lower highs on the 4-hour chart. The market tested a previous higher low and rejected the bulls' attempt, and the price is currently trading above a daily support level after testing a supply zone. The Perice attempted to break a 4-hour resistance level during the last bullish move but was...
The GBPCHF currency pair is currently in a bearish trend on the daily chart, as indicated by the formation of descending highs and equal lows. This price action suggests that there is strong downward momentum and that the bears are in control of the market. Price has been consistently trading below a key support area at 1.11000, which is a critical level for this...
EURGBP has recently made a new high and retraced back to the 0.786 Fibonacci level, indicating a potential support level. After bouncing off this level, the price is now heading towards a retest of the 0.89000 level. If the price breaks above this level, it could signal a bullish continuation, and traders may consider a long order based on Plancton's strategy...
USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel . After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone. If the market is able to successfully break above the structure, it could signal that the upward...
The GBPJPY currency pair is currently trading within a range on the 4-hour chart, with a floor of around 156 and a ceiling around 162. The price action is forming higher lows beneath a resistance level with equal highs, indicating a potential breakout in either direction. The presence of liquidity zones above the current price suggests that they could act as a...
NASDAQ price has experienced a bullish impulse, retraced to the 0.618 Fibonacci level, and has since moved back up to the 0.382 level therefore we can look for a potential long entry. To do this, we should first identify a key resistance level that has acted as a barrier to price movement in the past. This level should be in close proximity to the current price...