NZDCHF is moving below a descending trendline.
The price after that reached a weekly support and tested it a few times.
Currently, the market broke below and now re-testing the resistance.
According to Plancton's strategy if the market will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly...
GBPCHF on the 4h chart is moving inside a descending channel.
The market is testing now the support area at 1.25900 and according to Plancton's strategy if the price will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
EURCHF is moving inside a descending channel after the recent highs.
The price after the break of a counter channel is testing the weekly support.
According to Plancton's strategy if the market will break below we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly...
NZDUSD after the recent lows is moving to the resistance zone .
The market has now moved above the 0.71 area and according to Plancton's strategy if the price will break the structure we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
AUDJPY is moving inside a range between 2 converging trendlines.
The price has recently tested the resistance at the 84.300 level and according to Plancton's strategy if the market will break above we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure...
NZDUSD after the last attempt to break above the resistance structure move back above the support area at 0.72350.
The market is consolidating above and according to Plancton's strategy if the price will break below, we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
After our last analysis on this pair, EURNZD broke and retest the resistance and currently is breaking the support.
According to PLancton's strategy if the conditions will be satisfied we can check a new selling opportunity.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure...
GBPAUD is consolidating below a descending trendline.
The price after the attempt to break below gains strength and starts to move to the upside.
According to Plancton's strategy, if the market will break above, we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly...
EURUSD on the 4h chart is breaking above the daily resistance.
The market broke the descending channel and IF the market will break above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️...
USDRUB on the daily chart broke and retest the ascending channel.
The market after creating a double bottom over the support level at the 76 area went for a retest of the trendline.
On the 4h chart the pice is moving inside a minor channel and now tested the 0.382 over the trendline.
IF the price will break below the structure and consequently break the channel...
GOLD after hitting the weekly resistance around 1930 area broke below the 1900 until the support at 1876.
The price went for a retest of the daily resistance and now looks for direction.
IF the price will break and close the support area we will set a nice short order according to Plancton's strategy
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure ->...
I see this isosceles triangle pattern form which than caught my eye cause before that, the market was rallying very high and formed a flag pattern as well. So I used a XABCD pattern and it fit very perfectly.
Hopefully price should retrace back a little and continue to strengthen up.
There seems to be this possible XABCD pattern that will be occurring when the market hits the resistance level. This is a possible reason on why it may reverse at this level, it is due to the fact that the when formation hit A at that level, prices started to go underbelly aggressively so I am hoping for a move similar to that previous downtrend.
Two profit...
Complex Head and Shoulders Pattern on 4 Hour Chart. Possible pullback on neckline. Breakout distance below neckline is around 155 pips. Successful Trading!
Bat Pattern forming in consolidation zone, looking to get short the GBP/USD @ 1.34086 below structure level
Only my humble opinion.
Adjust entries & stops to your own risk profile.
Good Luck in the markets.
AUDUSD has been making a series of Higher Lows.. This potential Bat Pattern will be an ideal spot to take a long on this pair. It will give you great Risk/Reward. I will be using it as spot for a TCT (Trend Continuation Trade) and will be targeting the recent highs. I will be trailing my stop on the way up IF the market allows me to.
Best of Luck
It looks like we are in the fifth way down to a price level below 100.
I have calculated 2 confluence zones where the second one near 98.900 is my favorite.
Target 1: 99.200
Target 2: 98.900
Feel free to check my other ideas, too.
