Long the 1st 0.618 after COUR IPOThe 1st trade setup after IPO is always worth noticing, especially in a name with lots of imagination.
I would love to wait for the 47 spot of COUR to build some long position.
Let's see how it goes yo!
618 Fibonacci Retracement
EURCHF rejected by the 0.618 🦐EURCHF on the weekly chart is moving within an ascending channel.
The market reached the 0.618 Fibonacci level exactly below a resistance area and got rejected.
Currently, the price is testing a support area at the 1.10 zone 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 -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Quick Bitcoin Scalp to the UpsideStill testing the Extreme Opposite entry of my script.
Now that the alerts are working better, it triggered a signal and this time I was quick enough to enter a small trade.
Its not a huge trade risk nor profit wise but at least 2 RR.
Support for this idea:
LTF channel support
ICI
61.8% Fib
Let me know your thoughts.
Trade Safe!
HEET
UKOIL ready to break the support? 🦐UKOIL is consolidating over a daily support.
The price after the last bearish move has retraced until the 0.618 Fibonacci level and now testing at the 0.5.
If the price will break below and the conditions will be satisfied according to Plancton's strategy we can set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Shorting Gold XAAUSDI am looking to short gold.
Originally price found support at the monthly/weekly support/demand zone.
Price ultimately formed a double bottom.
I was expecting price to meet resistance at the neck line (which is also the daily resistance level), and it has.
Since price fail to break through the neckline, I am expecting price to retrace to the 50.0-61.8 fib level, where it will then gather more momentum then look to make another bullish attempt.
AUDNZD testing the 0.618 🦐AUDNZD is moving on an ascending channel and after the test of the upper trendline is retracing to the support area near to the 0.618 Fibonacci level.
The market now bounces over the daily support below a minor resistance.
According to Plancton's strategy if the price will break over it we will check the conditions to 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.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPUSD a bounce at the 0.618 🦐GBPUSD on the daily chart is moving inside a descending channel.
The market after a test of the 0.618 started a move to the upper trendline below a daily structure.
According to Plancton's strategy if the price will break above and the conditions will be satisfied we will 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.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCAD on an inverse h&s? 🦐GBPCAD is creating an inverted h&s below a minor resistance zone, with the head on the 0.618 fib level and the shoulders on the 0.5.
According to Plancton's strategy if the price will break above and the conditions will be satisfied we will 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.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPJPY SHORTTwo scenarios for GJ:
1: Price to come down to first level of support on 1h then to push up higher.
2: Price to come down to 4h level of support matching up with 61.8% Fib level then to push up to create a new higher high.
Please use risk management.
Thanks, any comments are helpful.
EURCAD for a new low 🦐EURCAD is on a long downtrend, the market found support over the 1.48 area after a retracement to the 0.618 level.
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 structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURAUD | Perspective for the new weekThe first observation on this chart is the Descending channel drawn by connecting the lower highs and lower lows of price action with parallel trendlines emphasize the prevailing trend that began in October 2020... It appears the price is willing to respect this channel in the coming week as a Breakdown of AU$1.545000 level followed by rejection is a clue supporting a Bearish bias.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) | Descending Channel
Observation: i. In the last 21days, the AU$1.54500 level has been a major determinant of the direction of price action.
ii. A breakdown of AU$1.54500 on the 10th of March 2021 followed by a continuous rejection of this level in the last 9 days is a clue that structure might transpose into a harmonic (AB = CD) pattern (see parameters below) in the coming week(s).
a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg makes a 61.8% Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ AU$1.50000 area.
iii. In the coming week, I shall make the level @ AU$1.54500 a yardstick for downtrend continuation.
iv. Pleased note that a significant Breakout of the Channel shall render this setup invalid.
Trading plan: SELL confirmation with a minimum potential profit of 400pips.
Risk/Reward : 1:4
Potential Duration: 7 to 15 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Gold looks like it's bouncing off the 0.618Gold reacting to 0.618.
Breaking structure on the 1 minute for entry.
It'll be a huge move if it returns to the 0 on the Fib. Silly if it hits the -0.272.
NZDJPY looking for recent highs 🦐NZDJPY after the recent highs retraced at the 0.618 Fibonacci level.
The market from there started to range between 2 structure.
Currently the price just break above and if the Plancton's strategy will be satisfied 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.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURNZD will starts a new impulse? 🦐EURNZD is moving below a weekly resistance.
The market after the last impulse retraced at the 0.5 Fibonacci level over a minor support with a spike that touches exactly our beloved 0.618.
According to Plancton's strategy if the conditions will be satisfied 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.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPJPY bounced at the 0.618 🦐GBPJPY is moving inside an ascending channel.
The market after the last impulse retraced at the 0.618 Fibonacci level and currently is breaking above the resistance structure.
According to Plancton's strategy, if the conditions will be satisfied, 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.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY on a bull flag 🦐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 order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GOLD at a crucial confluence 🦐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 price will invert the bearish trend we will be ready to check for a nice long order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
AUDJPY bounced at the 0.618 🦐AUDJPY after the recent highs retraced until the 0.618 Fibonacci level.
The market from there started a new impulse until the weekly resistance and currently is attempting to break above.
According to Plancton's strategy, if the price 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.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Small bullish flag within a larger rising wedge After a Fibonacci rejection of .618 fib I expect price will go to 1700 Especially since that will be around the top of the rising wedge, and also the fact that we will be breaking up out of the bullish flag very soon.
GBPNZD will bounce at the 0.618 🦐GBPNZD after the last impulse started a choppy retracement until the 0.618 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 structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
CHFJPY | Perspective for the new week | UpdateThis is a follow-up on my previous publication as we are yet to find a headway (see link below for reference purposes)... Recall, I mentioned in my last publication that we are in a long term uptrend situation on this pair. However, it appears the price is going through a corrective phase that might incite the much-expected rally in the nearest future.
In this regard and despite Bullish expectations, I am looking for a "quick" counter-trend opportunity with hopes of a rally in sight.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD)
Observation: i. Since the 16th of February 2021, Bears have been engaging the charts as I expect a transposition to a Harmonic pattern (AB = CD) this week.
ii. ABCD pattern with parameters explained below;
a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg is currently hovering around 61.8% (with a possible 78.6% in the future) Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ Y115.500/115.000 area.
iii. My Key level @ Y117.300 shall be my yardstick for Bearish expectations in the coming week as any spot below this level is good for me!
iv. This been said, I am advising that taking this trade requires utmost attention as we are generally on an uptrend and factors that might disrupt this set-up giving way for an immediate rally continuation can happen anytime... trade consciously :)!
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:3.5
Potential Duration: 4 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURCHF breaks the resistance 🦐EURCHF after the last impulse bounces over the 0.618 Fibonacci retracement a few times and the price now breaks above to the monthly resistance.
According to Plancton's strategy, if the conditions will be satisfied, 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.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GOLD will retest the weekly support 🦐GOLD after the bounce over the weekly support bounces at the 0.618 Fibonacci level.
The price is now turning into a bearish move and according to Plancton's strategy IF the market will break below we can set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
