The buying trade can be initiated at the current price levels of 1518 with SL st 1506 and the 1st target at 1542, 2nd at 1560 and 3rd at 1570 levels. The trade in this can itself can be a winner as the proper risk management can be followed here as the risk reward ratio of around 1.8:1 which is quite good around this level.
Hello traders and analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. Please do not take this as face value. Master Key: Blue = Monthly Purple = weekly Orange = Daily Grey = 4hour Pink = 1 hour Here is a nice opportunity for buys which has happened this morning European session; What happened? well from the low to...
After an amazing Bull run, EGLDUSDT seems to start with the range. If the price will have a breakout upward, we can see a new impulse 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 structure -> Daily...
HELLO Traders! ✔GBP/USD is totally Bullish but there are some parts of resistance around @1.38644 ✔If price breaks it should Rise but if the price respects it should fall looking for a support to bounce again. ✔Using Fibonacci to determine Possible Support and Resistance 60 PIP Analysts
EURDKK is moving in a range within a descending channel. If the market will break below the support area we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️...
Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
CHFJPY on the daily chart is moving inside a range between 2 main structures, below a stronger weekly resistance. The market after the last impulse attempts to break above and retraced until the 0.5 Fibonacci level. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣...
AMZN doesn't like to move very far very quickly. While I do believe we'll see the next leg up in AMZN this year, it's hard to tell when or what catalyst will drive it. In the mean time, we know there's historically been ton of buyers at 3200, which makes it a great possible place to start a position.
NZDCAD is ranging between the 0.91450 and the weekly resistance. The market after the last impulse is consolidating over the 0.5 Fibonacci level If the price will break above we can set a nice long order according to Plancton's strategy --- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
NATGAS after breaking above the weekly resistance is moving between 2 structures. According to Plancton's strategy, if the price will break above, we can set a nice long order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...
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CADJPY after the last bullish impulse started a range move between 2 structures. The price now approaches the upper structure and according to Plancton's strategy, if the price will break above, we can set a nice long order. ––––– Follow the Shrimp Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
After our last analysis, NZDCHF broke the range and started a nice bullish impulse. The market is now looking to reach the 0.65 level. ––––– 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...
NZDCAD is ranging between the 0.91450 and the weekly resistance. If the price will break above we can set a nice long order according to Plancton's strategy --- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure...
USOIL is consolidating below a strong weekly resistance. The price has recently created a nice impulse to the upside and according to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. --–– Follow the Shrimp Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
AUDJPY is not consolidating below a weekly support. The price creates a minor range and according to Plancton's strategy IF the market will break above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...