GOLD on the daily chart after the historical highs started a retracement move inside a descending channel.
The price now hit the lower trendline over a weekly support and the 0.786 fib level of the previous bullish leg.
ON 4h chart we can notice that after the bearish impulse there was not retracement.
IF the price breaks above the minor resistance area we can...
Looking for a trading coach?? Message me if you are serious about taking your trading to the next level. NO TIME WASTERS!
3 descending channels, all within each other, patterns within patterns. An explosion to the upside could be on the cards. Certainly looking for USD strength next week.
Any questions feel free to ask
NEOUSDT is inside an ascending weekly channel, and the price is testing monthly structure. ( check our previous idea )
The price needs to have two breakouts, the first one from weekly resistance, the second one from the daily descending channel.
weekly
According to Plancton's strategy (check our Academy), we can set a...
In the chart we can see Big bounce from the support zone, I believe it could stay above 20,000.
YFI/USDT currently trading at $23500
LONG ENTRY: After The Descending Channel Breakout
STOP LOSS ( support): I will update once Descending channel Breakout
Resistance level 1(Target) : $34000
Resistance Level 2(Target): $44000
Max Leverage: 5X
ALWAYS KEEP STOP...
We might start to see longer term US bond weakness as the copper/gold ratio rebounds off the lower extreme of it's descending channel. In this example I'm using TLT, an ETF. These two have an inverse relationship and also correlate with the US dollar. Long term US bonds and the USD tend to have a positive correlation giving both a bearish outlook. This is more...
With over 100pips running in profit since my last publication (see link below for reference purposes), the US dollar has continued its downtrend against the Swiss franc for the fourth consecutive day. Signs of a further decline in the Greenback continues to be emphatic as price breaks down and retest Fr0.90800 to make new Resistance level for future "sells".
...
NATGASUSD is testing monthly support and 0.5 Fibonacci Level. the price is creating a descending channel. IF the price will have a nice breakout upwards, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue...
NAT has been falling drastically in price for the last 6-7months, after it was hyped up through March and April for the record low oil prices. After the oil prices started to rise again, NAT has just been going DOWN, showing no strenght what so ever.
Many people are interested in this stock because of the high dividend it's paying out which currently sits at...
In this video, we will cover the analysis of the different time frame starting from the weekly to the 4h one.
We can notice how the price broke an important level above a weekly structure after testing it a few times.
The market carries on the bullish momentum and we will be ready to look for a nice order when the condition of our strategy will be ready to be applied.
EUR/AUD 🇦🇺🇪🇺 has been ranging inside the descending triangle. As the the price is about to leave the figure we shall expect the decline down to the support of 1.60630.
If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button
Also share your thoughts and charts here in the comment ⌨️ section
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...
INJBTC is trying to have a new breakout from descending channel after a very nice bullrun.
The price bounced on 0.618 Fibonacci level.
IF the price will have a breakout and turn the resistance into support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly...
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...
USDCHF is moving inside a descending channel.
The price after testing the 0.382 broke below and now moves to the 0.5 fib level over a daily support.
We can expect the market the test the 0.5 and possibly the 0.618.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
USDJPY is in a descending channel. If we look at the long term, we can see the market is heading towards the level of 102,787. From there, we will have to focus on a buy signal. Until then, we are waiting. Right now, it is a sell signal from me.
AUDNZD is inside a daily descending channel.
The price after hitting the 0.618 of the weekly fibonacci retracement bounce over it.
Now the market is testing a daily resistance area and if the price will break above the 1.05900 area we can set a nice long order according to Plancton'sa strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure ->...
