USOIL on the 4 h chart is moving inside a daily ascending channel. After the last impulse until the resistance structure at 49 retraced at the 0.5 Fibonacci level. The market started from there a range move. IF the price will move up, according to Planctont's strategy we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
After the aud/usd breakout from the range (rectangle) in early December the stock has been trending upward in a channel steadily. For now the trend is definitely still to the upside but I am waiting to see if the channel breaks to the downside and through the near term support pivot at 0.7642 in the coming week. If we get a break to the downside then we may test...
I did a post outlining my perspective on gold earlier this week but todays price action has changed the game. Gold started of the week on a positive note holding above the weekly range around 1910 (rectangle) but within the past couple of days it has sold off and now looks to be breakout out on the downside. The monthly rate of change has now also turned negative....
AUDNZD is moving within a range between 2 structures. The price formed a slightly declining channel. According to Plancton's strategy if the conditions will be satisfied we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow...
EURJPY on the 4 h chart broke the range between 2 structures. The price is now testing a minor support over a dynamic trandline. According to Plancton's strategy if the condition will be satisfied we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
CADCHF on the 4 chart is moving inside a descending channel. The price has now approached the upper trendline and moving between 2 structures in a renage. According to Plancton's strategy, we can set a nice long order if the condition will be satisfied. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure ->...
Get it on the watchlist to see if it comes back into the range or rolls over in the coming days. Neutral until price dictates the action.
EURGBP on the 4h chart is moving inside a descending channel. The price is now consolidating between a daily support and a minor structure. IF the price will move above the structure, according to Plancron's strategy we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
CHFJPY is moving inside a range. The price after the last impulse tested the 0.618 fib level. According to Plancton's strategy, if our condition will trigger, 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 ->...
NASDAQ on the 4h chart retraced until the 0.382. The price is consolidating between 2 structures. According to Plancton's strategy if the price will break above we will consider a long position --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow...
The range trade from November 13 has been like watching paint dry until today. You can see the overall decrease in the net volume amplitudes- a sign of little movement in either direction. With todays big move we now sit a little above the mid point of the range but where is amzn heading next? As long as the broader market uptrend remains intact amzn could be...
Signals: Terminal flag in Trading range - 3 bottom Buy Divergence on decreasing supply & Increasing demand. Four Month Non Climactic accumulation pattern Entry 2.83 1st target $3 2nd Target $3.25-3.30 3rd Target Retest of 52W Highs Stop Loss- $2.75 **May re-enter on Buy Stop above $3 if stopped out
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...
USDCHF is moving inside a descending channel and found support at the 0.88250 atrea. The price after the last bearish leg couldn't move any lower and start a range between the 2 structures. If the market will break above the structure and consequently breaks the channel we will set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep...
if the price closes back in the range, i will enter a short. TP: Range EQ SL: Above Alltime high gives RR 2.5
KC after the last impulse at 134 level retraced back until the 0.786 of the previous leg at the 102 level. From there the market started a new leg up until the daily resistance at 124. Price retraced back and moved in a range between the 0.382 over a support and the resistance structure and recently broke above. IF the price will not break below and give us new...
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...
Hey everyone A look at the DOLLAR / YEN the pair has been range bound within support & resistance structure perfect opportunities for the more aggressive trader. if you are looking to hold the pair swing we wait for that break out and confirmations of the move. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE...