PLATINUM on the 4h chart is testing the 1220 resistance. The price is moving over an ascending trendline and recently broke above the descending trendlone. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Whether GRPN goes on to have it's best year, worst year, or just hovers around expectations, $48-$49 confirms path for all of these results. First - Just some fundamentals that match up with technicals: -Currently, the market is factoring in an upcoming earnings EPS equal to pre-covid (November 2019) numbers of roughly -$0.60. -The yearly EPS for 2019 was...
I buy silver, not much to be honest. A few ounces here and there. But, I prefer crypto which is why I am taking the chance to sell some silver now. I think it is better invested in some quality DeFi projects. I want to add to Alpha & Rune positions. The chart: Silver has been in an uptrend since March 2020. Culminating in an ascending triangle pattern. It looks...
USDCHF after the bounce over the monthly support turn again into a bearish scenario. The market has recently broken the ascending trendline and currently is testing a minor support. 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...
somehow someway this plum colored ascending trendline keeps maintaining support. I wouldn't be confident that we would reach the breakdown target from the ascending h&s pattern unless this line flips back to solid resistance..also wanna see the same thing occur with the 1 day 50ma (in orange) first before it seems like a safe thing to short any further.
Hello my friends, Before i start with today trade ideas, let's review some of the trade i took yesterday. There were 2 trade ideas i shared which are GBPAUD and GBPCAD sell positions. Both trades now closed with a nice profits. First trade is GBPAUD which i closed manually for +210 pips and banked 3.5R yielding 7% profit Second trade is GBPCAD which i closed...
Hello my friends, Another trade to take today is EURCAD pairs. I've been watching this pairs since the big bearish candle took out that ascending trend line during December 4th. We could see this pair go lower again because the last 2 days candle has failed to closed back above the trendline. This trend line pretty much become a resistance now and there is...
Hello my friends, For next week i am going to try selling XAUUSD. As you can see, XAUUSD already move to the upside for 800 pips during this past 1 week. Friday candle closed showed that there is some indecision to XAUUSD and usually when this happened, we could expect some retracement of recent impulsive movement. In my opinion, we could expect XAUUSD to...
GBPUSD after hitting the weekly resistance at 1.34 couldn't break above. The price has been held on the uptrend by an ascending trendline. IF the price will break below the 1.33 level we can look for a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Hello my friends, I got another setup coming for you today. Another pair with JPY which is GBPJPY. I am using daily timeframe for this setup so don't expect price to move quickly along with our direction. Noticed that price already break below the ascending trendline with a solid candle close from previous candle. This upwards movement was only a retest of...
adaniports is failing to sustain above resistance level of 362 and is taking support on ascending trendline, which if broken, there can be shorting opportunity in tomorrows session around 359 for target of 356 and even it can fall down further to fill up the gap
Technicals: MACD: Death cross has already been established with no signs of potential golden cross to be seen. RSI: RSI shows that there is a little bit more space towards the downside before reversal.
usdcad weekly chart now approaching the key ascending trend line where we can look for potential long opportunities
Price has come out of the Daily Demand Zone and is currently at 1.7590 and is going upward in an Ascending Pattern. The pair turned bullish when the Euro increased in strength last week. Buyers are pushing price upwards into the Daily Supply Zone. The Bulls have filled the Gap/Void between 1.7554 and 1.7590. Anyone who sold at FOZ and did not exit should be in...
After experiencing another rejection from the previous resistance area, price appears to have shifted in momentum. We are moving downwards and expecting to see the price slow down around the 0.618 Fib retracement level. It also corresponds well with our previous resistance line (which is now acting as support), and on top of that, there is the respectable...
will we get a break of this ascending trend line and a move towards the downside going into next week?
USDCAD - Ascending Trend line has broken and a rejection off the 50% Fib indicates a move towards the downside for UC