Taking a look at the OIL this month we have a chance at getting back down to $80/Barrel or lower. Firstly if we look at the AI for the month it looks to be choppy with a sell off later in the month. I have marked a couple of critical dates. Highs or lows into these dates could mean a reversal, for example if we are at a low coming into the 28th of April then I...
OANDA:GBPUSD GBPUSD broke resistance/neckline yesterday on the reverse head and shoulder pattern. Price pushed up and later retested at 38.2% with a bullish engulfing candle giving buy setup.
Sept 2020 resistance, turned support being retested coincidentally on the 38% fib retrace. Looking for buy setups if they present themselves. Average investors have erased all gains since Sept 2020, if not actively managing accounts.
Can BTC Hold 38% Fib level and turn around? The nearest target is 39369 (fib 50% level)
OANDA:GBPUSD GBPUSD broke trend line structure based on the 4H and 1H further broke the 4H support line with a long bearish candle. As I look for entries on the 15min timeframe I see price attempting to make a retest on the 4H support/resistance, and the fibs show a 38.2% fib retracement which is in confluence with the 4H resistance. The 21 EMA is above the 8 MA...
OANDA:AUDUSD AUDUSD on an uptrend with HHs and LLs on the 1H. Price broke resistance and made a pullback testing what is now support. Price retraced at 38.2% fib level. A consolidation occurred creating a descending triangle with LH's and a strong support level with long wicks indication a strong rejection of buyers, should price close higher than the last lower...
C finally reached the 0.382 and made an sfp on 4hr TF taking the A low and all the stops under it touching perfectly that daily level in brown (last untouched daily of the range, significant), on 1hr TF we had a bounce on the 0.705 (typical institutional bounce), confluence here and stochastic rsi bottomed on high TF, ideal condition for a bounce
GALA have done a valid retracement of the broken trend line, now forming a double bottom which indicates a reversal in the price structure
Waiting for Nifty to break out this week for taking fresh long positions. It has been resisted multiple times and has created a trendline. A strong breakout will lead to continuation of the bull run. While bank nifty has already given breakout, hoping nifty does the same. The down move from the all time high, is just a retracement when looked on a higher...
AUDCAD on the daily chart is testing for a 4th time a weekly support. The price is in a downtrend and tested the 0.382 Fib level after the last bearish impulse. According to Plancton's strategy if the market will break below and satisfy the ACADEMY conditions we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
DOW after the recent retracement is consolidating below a minor resistance. The price retraced and perfectly tested the support structure at the 0.382 Fibonacci level. According to Plancton's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red...
EURCHF on the 4h chart is moving inside a bear flag below a structure. The price has tested the 0.382 Fibonacci level and according to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure ->...
EURCHF on the 4h chart moved as expected. The price broke below the strong support and retest it with a retracement move to the 0.382 Fibonacci level. Currently, the market is moving to the minor support and according to Plancton's strategy if the price will break below we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple...
GOLD on the 4h chart after the attempt to break below the weekly support started a move to the upside. The market reached the resistance at the 0.382 level. According to Plancton's strategy IF and only IF the price will break below the trendline and the support area we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
DOW on the daily chart after the recent retracement at the 0.382 over the support area started a new strong bullish impulse. The price is now trading below a resistance structure at the all-time highs. According to Plancron's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure ->...
AUDJPY after our previous analysis reached the weekly support. The market retraced at the 0.382 Fibonacci and now retest the support. According to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
USDCHF after the last impulse started a slow retracement inside a descending channel. The price tested the 0.382 and according to Plancton's strategy if the market will break above the structure we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
CHFJPY after the last bearish impulse has retraced exactly at the 0.5 Fibonacci level. The market is now consolidating below and according to Plancton's strategy if the price will move below the support at the 0.382 we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly...