EURJPY on the weekly timeframe is testing perfectly a confluence zone. The price is testing the ascending trendline and we will look for a break of the structure to set a nice order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...
USDCHF on the weekly chart found a bottom over the important support structure. The market from there started a nice impulse to the upside. On the 4h chart the price broke the retracement channel and tested the 0.618 Fibonacci level. Now we can expect a continuation to the upside and according to Plancton's strategy if the price will satisfy the conditions we...
in accordance with my previous forecast where i took a BE and some profit out of the short from, price is now at the 90% rule of the structure, where i am looking for price to break the low before moving in the forecasted direction long. if price is to form an element of structure leading to the third touch breaking the low to the left (the 90% rule) i will be...
Happy Friday trading everyone. We are looking at a recent gap fill that happened (the gap on 19-22 Feb) the fill just earlier this week. Since we filled we are currently still in a downtrend (short term) looking for a test of either 601 on or a break above and test 790 range. Watch this carefully over the next week or so as we grind through May.
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.
Video explanation of the weekly daily 4h chart on last EURUSD chart ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis,...
9/26 XAU BROKE THE TRIANGLE TO THE DOWNSIDE AND CURRENTLY IS IN THE BUY ZONE THERE WAS A RARE TWEEZER BOTTOM MADE ON FRIDAY WHICH MEANS WE SHOULD SEE THE MARKET START TO PUSH BULLISH. WITH THE USDX BEING OB WE SHOULD SEE PAIRS CORRELATED WITH THE JPY, EUR, AUD & NZD SHOW SIGNS OF RETRACEMENT BEFORE STARTING TO PUSH AGAIN BEARISH. IF THIS HAPPENS THE PAIR WILL...
Looking for a short term buy on break and close above the descending channel
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
Descending channel forming a double bottom occurring at support
Bitcoin is testing some local support areas. In the video you will see the short position I am considering taking. According to the positions I took from my previous analysis, profit is running. I do not see strong patterns for the halving, and I feel that going back to 5300$ again, would provide a good quality strenght to start a new bull movement. Leave a...
Price has been moving in a descending channel, in a series of impulses and correction, and we can expect prices to continue to move to the downside. There is potential for short term long entries due to an inverse head and shoulders pattern, which is a reversal pattern, but first price has to break the neckline and this will give us confirmation to enter...
Like I said on my video, I've looked at all the 4 hr charts for BTC, BCH, ETH & LTC. LTC is the most promising to me as a trader in the next 3 days or so. Big breakout coming! Nice profits imminent! Watch BTC carefully. BTC as of the post of this video is about 9102, if that dives, so will LTC , which means it will arrive at my targets of 142 or so, give or take....
This is our first video analysis Just push play