Good Day Everyone A look at the EURJPY pair which is net short from higher time frames when we look at the monthly, weekly and the daily chart the pair just rejected at resistance level 126.944 holding the descending channel structure. looking for a continuation of this move targeting support level 124.294 to complete a descending triangle structure on higher...
Descending Channel has been clearly formed and price is now at the top of the channel. We have a confluence of other resistances around the 0.6550 - 0.6556 area. Pivot Point Resistance and the 61.8% Fibonacci Resistance level is also in this area. Expecting price to drop to the support area before it bounce back. Its a Bear market. AUD is also in a Bull mood...
On the weekly TF we had a bearish pressure so far on UC, my bias on UC for the coming week is still bearish, the circle, the dotted line and thr rectangle structure are areas i will be looking out for a retracement on this pair...
AUDCAD seems to continue the bearish channel that started a couple of days ago: it is about to complete a good Bearish Elliot Wave Pattern. Day has just opened below New Daily pivot Point (clear SELL signal). Take Profits calculated via Genaral Pivot Point Formula (S1, S2, and S3). Any comments are welcome.
Good Day Everyone A look at the EURUSD pair from multiple time-frames. * MONTHLY & WEEKLY > Since from both this time-frames the sentiment is more or less the same will draft them out combined * The EURO gained momentum against the DOLLAR in the last weeks hitting HH, TILL WE SAW A BREAK ABOVE THE DESCENDING CHANNEL pushed up and came down to retest structure...
Price in the resistance of descending channel, also retested the previous support as resistance, showing rejection and also bearish momentum started, SL is above the resistance and previous highs, Tp is according to previous support and resistance.
Good Day Everyone Here's a look at the USDJPY pair from some multiple time-frames. From the monthly the the pair is still trading in a descending triangle respecting the structure thus far just tested the support of the structure and saw a rejection we are currently pushing up even though the DOLLAR saw a bit of recovery in the last month the JPY is nonetheless...
My bias on this publication last week (see link below for reference purposes) was rendered invalid as price broke down 1.33800 level given rise to a stronger CAD, which might result in a further decline as price retest 1.38000 level. The Loonie appears to begin the rally off of a backdrop of upside economic surprises and stronger commodity prices. Buyers couldn't...
As we said few days ago XLM seems very bullish. Now the price creates a descendent channel, and it is trying to have a breakout. According to Plancton's strategy, we can set a nice order ––––– 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...
WAVESBTC looks forward, IF the price breaks the descending channel we can set a nice order According to Plancton's strategy, we can set a nice order ––––– 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.
GBR has seen a parabolic 3000% gain & more since 2018, very odd considering Gold is only up approximately 70% in a similar time frame. I guess gold miners & gold don't necessarily correlate 100%. GBR appears to be trading in a descending channel, and on the RSI there's a noticeable double top / Head & Shoulders, where I have placed the blue human icon represents...
A possible long could be on the cards short term, but if the long analysis doesn't hold i will look to re-enter shorts
Good morning Traders, As we can see we have reversed and showing bearish signs, yet we are also seeing exhaustion suggesting to me price action may potentially push up after forming a descending channel that may play out out to the upside indicated by the single black trend line and green directional arrow. My area of interest has been highlighted if we get...
Descending channel forming a double bottom occurring at support
GJ seems to be following suit. Recent H&S Pattern formed after this weeks opening. I'm expecting price movement towards local support. The Daily TF gives me some bullish sentiments. So, i'm making this a scalp trade. I entered at the price point of:135.445 This analysis would be more suited for scalpers. Having a great week thus far, hope you're having...
XEMBTC is inside a descending channel and we are waiting for a breakout on 4h and According to Plancton's strategy, we can set a nice order ––––– 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.