As you can see after the large spike up, its now retracing to the 61.8 fib levels. 1:4 ratio trade. good luck
UK100 on the daily chart after the huge drop due to the Coronavirus started a retracement move. The market after hitting the 6500 level starts to move in a descending channel until exactly the 0.618 fib retracement where it created a new impulse until the 6500 level again, over a daily support. IF the price will break below the 6350 level we can wait until the...
EURGBP on the daily chart after touching the 0.92600 area at the monthly resistance started a long retracement until the weekly support at 0.88900. The price bounce exactly over the weekly structure that corresponds to the 0.618 Fibonacci level of the previous bullish leg and from there created a nice impulse. IF the price during next week will break the...
GBPAUD on the 4h chart is testing the lower trendline of the channel. The market after moving until the 0.618 Fibonacci retracement of the previous bearish leg couldn't create new highs and move back to the daily support area at 1.81200. IF the price will break below the structure and consequently break the channel we will set a nice short order according to...
EURJPY on the 4h chart after the bullish leg created a nice retracement move until exactly the 0.618 fibonacci level. The price created a double bottom over it and tested the 0.5 at a 4h resistance zone before moving up to the weekly resistance structure at the 0.382 fib level. IF the price will break and close above the weekly resistance area we can set a nice...
GOLD after our last analysis, on the 4 h chart, reaches exactly the 0.618 of the weekly Fibonacci bullish leg over an ascending channel. The price hit daily support after breaking the weekly support at 1860 and now can look for retracements. IF the price will look for one of the fib levels, retest the weekly resistance and turn into a bearish scenario again we...
The reasons: -The price has formed a triple top on the H1 timeframe -It's showing signs of a reversal on the H4 timeframe The goal: -First profits will be secured when the price hits the 0.618 Fib retardement -Second profits will be secured when the price reaches the 0.95000 area, where a level of demand is located Like and comment for more amazing ideas like this!
Full video analysis of EURGBP --–– 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...
SP500 is at the historical high and currently broke and retest the 3445 previous weekly resistance now turned support. After the last bullish impulse, the price never retraced back even to the 0.382. We can notice from the chart how the 0.5 and 0.618 levels were already important levels in the market. IF the price will break below the weekly support and...
CADJPY after the attempt to break above the weekly resistance structure at the 81 area created a descending leg. The price bounces over the 0.618 fib retracement at 79.650 before moving to the 0.786 level at the daily support. IF the price will bounce over the 79 area and give us a sign of inversion we will set a nice long order according to Plancotnbs'...
NASDAQ on the daily chart is testing the top of the descending channel. The price on the 4h chart created a double top inside a minor ascending channel and currently testing the 0.618 Fibonacci retracement of the previous bearish leg. IF the market will break and close below the support structure and consequently break the channel, we will set a nice short order...
CADJPY on the daily chart is close to a weekly resistance. The price after an attempt to break above retraced until the 0.618 fib level and now testing the 0.5. IF the price will break and close above the structure at the 80 level we can set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
GBPJPY on the 4h chart after creating a very nice bullish impulse retraced back. The price touches exactly the 0.618 of the previous bearish leg and now testing the resistance area at the 0.5. IF the price will break and close above the structure we will set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
GBPAUD on the daily chart is moving inside an ascending channel. The market after touching the lower trendline attempt to break below and got rejected started a new impulse. Price retraced back until the 0.618 inside a descending channel and now look for the break of it. IF the price will break and close above the minor resistance area, we will set a nice long...
AUDCAD on the daily chart broke and retest the descending channel and now testing the daily resistance area. on the 4hchart the market after the last impulse retraced until the 0.618 over a daily support at 0.96400. IF the price will break and close above we will set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣...
CADJPY on the daily chart broke the ascending channel. The market went for the test of the weekly support at 78.300 before testing the 0.618 of the previous leg at the retest of the channels trendline. IF the price will break below the 4h support, we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
Analysis of #AUDNZD Welcome back Traders, Investors and Community. Please help us support this idea by hitting the LIKE button if you have found this useful. Follow me if you would receive daily Ideas and Updates. I'll appreciate it. *** Strategy: Pullback on 61.8 Fibo with the continuation of the bearish channel. R/R 2.34 with Stop at 88.60 or R/R 1.65 with...
Drop a like if this helps you out, its free! :) All explanations on the chart. This is an investment not a trade. Don't expect 100% returns in the next 2 days. This is a long term investment plan and one that has a lot of upside potential