Sugar could retest a weekly support after a nice impulse.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Pattern: Channel Down on 1D.
Signal: Bearish as the Channel Down made its 2nd Lower High, a pull-back pattern that we've seen before 2 times already when Gold reaches a quarterly high.
Target: $1530 and if the 1D MA200 breaks $1460.
Pattern: Channel Up on 4H.
Signal: Bullish as the price rebounded on the Higher Low trend line of the pattern while also finding Support on the 4H MA200.
Target: 1593.50 (right below the Resistance level).
Recent signals on Gold:
Pattern: Channel Down on 1D.
Signal: Bullish as the RSI is forming a bullish reversal on the 1D chart, bouncing on the 7 month Support.
Target: 59.50 (symmetrical with the last Lower High of the pattern).
KEN2020-KEK2020
Rising triangle in formation on this spread between two wheat futures contracts.
Statistically, in the previous 15 years of our seasonal window we have come to profit in 100% of cases with an average risk reward of 3:1.
With this strategy we started trading years ago, bringing us considerable profits that made us understand that operating in the...
Pattern: 1D Bullish Channel supported on Higher Lows.
Signal: Bullish once the price breaks the 1D MA50 and reverses. This is a standard sequence on every Silver uptrend (see the chart below). The ideal long term Buy Zone is within 16.625 - 17.365.
Target: Initial target 19.500. Extension much higher, updates will follow.
Pattern: 1D Channel Up.
Signal: Bullish as the price is on the way to the next Higher High on the 1W Resistance.
Target: 18.200 and 18.800 in extension for the next Higher High if the pattern (-2.50% Support) holds.
Same fractal detected that previous led to testing the 0.786 Fibonacci retracement level.
Confirmation comes with the Death Cross occurrence. Long term target 2.2300 (new 0.786 Fib).
Pattern: Rectangle on 4H.
Signal: Bearish on the 4H Resistance and 1D Resistance. Pick depending on your risk tolerance.
Target: 1,390 (the 4H Support).
