EURGBP currency pair on a 4-hour chart has dropped to the 0.786 Fibonacci level after experiencing resistance at a weekly level and then falling directly onto a daily support level. After the drop, the market started to move upward, breaking and retesting the 50% level of the previous impulse. This suggests that the pair may have found a new level of support and...
The market trend for GBP/CHF on the 4H chart appears to be bullish, with the price action showing a series of higher highs and higher lows. This pattern is a positive indication for buyers in the market. The recent test of resistance and subsequent move towards the 50% Fibonacci level adds further confirmation of the bullish sentiment. How can i approach this...
NZD/USD has been showing a bullish trend in recent times, with the price testing the resistance level at 0.65000. However, after a period of distribution, the price has been testing an ascending trendline over a support level. This trendline acts as a key level of support, and if the price were to break below it, it could indicate a potential short-order...
GJ on the 4h chart after the test of the weekly support one more time moved higher to the dynamic resistance area at the 160.000 zone. According to Plancton's strategy if the market will satisfy the condition we can set a nice long order for a higher high. Being the last trading day of the week it might be risky to open positions. ----- Follow the Shrimp 🦐 Keep...
GBPCAD after our previous analysis dropped as expected to the 50% retracement where the market tested a support area. The market then moved to the upside and is currently trading between the 0.382 Fibonacci level and a daily resistance. How can i approach this scanrio? According to Plancton's strategy IF the market will break above the structure we can set a...
SILVER on the 4h chart is trading with a series of higher lows at the recent highs. The price couldn't break yet the resistance at the top but the main trend remains bullish. How can i approach this scenario? According to Plancton's strategy IF the market will break above we will set a nice long order. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...
Technical analysis of the EUR/CHF pair on the 4-hour time frame reveals an upward trend within an ascending channel. After reaching a recent low, the price action started to move higher, forming higher highs and higher lows. The ascending channel pattern formed as the price action created two parallel trend lines, one acting as resistance and the other as...
Based on the 4 hour timeframe, the USDJPY pair is currently in a bearish trend, as evidenced by its price action inside a descending channel. The market has recently tested the upper trendline of the descending channel with equal highs and rising lows, this could indicate a potential bullish reversal and a shift from bearish to bullish momentum. The price of...
USOIL on the 4h chart after the recent low started an impulse to the upside. The market after the retest of the daily resistance (blue) retraced perfectly at the 50% level. The price is now back at the structure below the 81 level and a bullish continuation can be expected. How can i approach this scenario? According to Plancton's strategy IF the market will...
GOLD on the 4h chart is a t the top of a long bull run. The price creates a strong seres of higher highs higher lows and currently the market is trading below a minor resistance. How cab i approach this scenario? Is risky to take long trade at the top of a trend but I will wait for the EU market open and, IF the price will break and close above, Ii will...
USD/CHF has been in a downtrend, but recently tested a weekly resistance level at 0.91000. After testing this level, the market started an impulse move and has now tested the 0.618 Fibonacci level. This level is significant because it is a key retracement level and is often an area where the market may see a reversal or a significant pullback. Traders may look...
AUDJPY on the chart appears to be creating an ascending triangle pattern, with rising lows below the 92.700 level. This is a bullish pattern as it suggests that the market is finding support at this level and that bulls are pushing the price higher. The resistance level is the horizontal upper structure of the triangle, where the price is repeatedly failing to...
USD/JPY on the 4-hour timeframe is currently testing a key resistance level. The recent low in price has established a support level, which suggests that we can see a short-term bullish momentum. A break above the resistance level would be a buying signal if the strategy will be satisfied. Traders should watch for a bullish candle such as a long green candle,...
EURGBP on the 4h chart after the recent high retraced perfectly at the 0.786 Fibonacci level over a daily support. The price is now testing the resistance below the 0.88 level and a possible break above can be seen. How can i approach this scenario? I will wait for the EU market open and IF the market will move above the structure i will consider a nice long...
After forming a double top over a key resistance level, the SP500 retraced exactly at the 0.886 Fibonacci level, which is a significant level that is often used in technical analysis. Fibonacci retracements are used to identify potential levels of support and resistance by plotting horizontal lines at the key Fibonacci levels of 23.6%, 38.2%, 50%, 61.8% and 100%....
EURCAD on the daily chart is trading below a weekly resistance at the recent high. The price after the last impulse retraced perfectly at the 50% of the previous impulse over a daily support and moved back to the previous high. How can i approach this scenario? I will wait for a clear break of the structure and if that will happen i will move on the 4h timeframe...
GBPUSD on the 4h chart after the test of the 1.18500 zone inverted the trend. The market created a new higher high and started a series of bullish impulses. How can i approach this scenario? The price is now testing a weekly resistance and IF the market will break above we can set a nice long order according to the Plancton's strategy rules. ----- Follow the...
AUDJPY on the 4h chart is moving within a huge range. The price after the last bullish impulse took the liquidity at the range's high and is now dropping to the lower support. The market is testing a weekly ascending trendline and later will probably move to the structure. How can i approach this scenario? I will wait for a potential break of the area and if that...