We have somewhat of a Head and Shoulders pattern at the 50-61.8% Fibonacci Retracement Level. Upon Market Open I will be entering a Short Position with my stoploss above the highs
For quite some time now "everyone" seems convinced of Bitcoin prices in the low to mid 20 000's. Some even anticipate lower dips than that. I certainly don't exclude that, buy given how undramatic this break below $30 000 has been thus far, there is good cause to expect a price reversal soon. Here's why. My previous theory of an ABC move is still very much in...
GBPJPY on the 4h chart is moving in a descending channel. The price after the recent low at 151 level retraced exactly at the 0.618 Fibonacci level and currently is testing the weekly support. According to Plancton's strategy if the market will break and close below we can set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
This is NIO coming (back) into the buy area for me. I've set orders within the box. - Price action - TA - I'm bullish on EV stocks :)
NZDCHF after the last bearish impulse got rejected by the trendline and started a retracement to the 0.618 Fibonacci level. According to Plancton's strategy, If the price will provide us a sign of inversion, we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...
Hi, btcusd is in the range It will mention to our Strong support is 32665....mean while it mentions For several ideas It will growing up with green Pull bar and end of the week.. Last pull bar it's growth it's also green. 1, end of the day inside range 2, pin bar it's favour 3, end of the week it's good 4, price rage its growing likes moves 5, last week it's...
JUST BUY AND HOLD THIS TIME. The Ichimoku clouds is forming a cloud similar to the previous wave, price is very close to the support line and prices are still in the 0.618 zone. Target 264$ and 299$ and 333$ Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed. Don't forget click like, it's a hug...
GBPCHF on the 4h chart has retraced at the 0.618 Fibonacci level near to a resistance zone. According to Plancton's strategy if the market will satisfy the conditions 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...
NZDJPY after the last bearish impulse retraced with a spike at the 0.618 Fibonacci level. The price retest the resistance area at the 78.100 area and now is moving to the support direction. 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...
SILVER after the last bearish impulse retraced at the 0.618 first and then retested the 0.5. Now the market is approaching daily support and 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 structure. 🔵 Blue...
GBPCHF after the last impulse reached the resistance and got rejected. The market retraced at the 0.618 and now is looking for a reversal. 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...
We are yet to take advantage of the Bearish tendency since my last publication on this pair as we await price action to do a complete rejection of the Bullish trendline identified on the publication (see link below for reference purposes). Like the setup identified on our GBPAUD, we have a similar pattern here too as price action transitions into a Descending...
EURJPY after the last bearish impulse close the week with a retracement at the 0.618 Fibonacci level. The market tested the 132.500 and now turn over a 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...
Just like the situation on our GBPUSD, we experienced a 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and with the present market structure, it appears we are at another juncture that "screams" for a selling opportunity. Even as a momentary price increase is envisaged on this pair considering the...
Gold on the daily chart reached the weekly support as expected from our previous analysis. The price closes the week around the 0.618 Fibonacci retracement level near the ascending weekly trendline. We can expect at the beginning of next week some retracements to the upside around the 1810 area. The commodity will be on our radar to check a new opportunity at the...
CADCHF on the 4h chart bounced over the weekly support at the 0.618 Fibonacci level. The price is testing the descent trendline over a minor support near to the 0.382. According to Plancton's strategy if the price will satisfy the conditions we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red...
As said on the last idea, BTC has bounced above the 61.8% in a double bottom at 31k and it seems to be now moving higher. I would expect BTC to at least retrace the 50% Fib from the last major move, but likely it would go as high as the 61.8%. So the interesting levels to watch here, would be around 45k in the 50% and 48.5k in the 61.8% IMO. Even if this turns...
With over 500pips run since my last publication on this pair ( see link below for reference purposes); the Bullish momentum appears to be very strong considering the significant Breakout of the Supply zone on the 29th of May 2021. The Greenback continued to push higher as the price hangs just above the Y109.000 level. In this regard, I shall be looking forward to...