with last week going just as I planned I am looking for this week to be profitable too, with a key level of resistance just being broken I am looking for price to come back down and retest the area and then rise again, the real question is will the downwards channel get broken or not?
Hey tradomaniacs, tough week ahead with a lot of risky events which will drive the market crazy! Election debate, further stimulus packages and Non-Farm-Payrolls... uff! "Investors might have been growing increasingly impatient with a lack in expediency of additional US fiscal stimulus. At a congressional testimony, Fed Chair Jerome Powell stressed the need...
BNBBTC bounced on 0.786 Fibonacci Level and now is testing a weekly resistance. IF the price will break weekly resistance According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure...
This pair looks like it has a huge retracement due this week before continuing for the short. Retracement may end in the 1.79129 zone before the short continues. If not, we'll keep going up to the next zone above for a fresh to test the last lower high. BULL TPs: • 1.78192 • 1.79129 • 1.80512 BEAR TPS: • 1.75881 • 1.75308 • 1.73815 • 1.72856
A clear indication of Nifty’s Movement.
Last week price broke the strong support level and now its resistance hence price will continue to fall
A look at the Major Indexes to form pairings for the week ahead. PAIRINGS: SELL PAIRS: NZDUSD, AUDUSD(C), GBPUSD(C), GBPJPY(C),AUDJPY(C),CADJPY(C), NZDJPY,CHFJPY BUY PAIRS: USDCAD (C), USDCHF(C)
We are in 4 th wave of Weekly TF So we Should See 5th Wave and then Dump
BTC on the weekly chart is retesting a very important weekly structure. The market after the break and test of the highs retraced back till the 10k level. Being a strong support we can expect the price to bounce over the structure and respect the mid line of the channel for new move up. On the other hand if the price will break below the weekly structure we can...
GOLD- It's looking bearing on a bigger time frame, Approach should be finding a short sell opportunity. Levels to take action on ; Go for short sell in the range of 1945 - 1950 with a stop loss of 1966 for a downside potential up to 1900 - 1883. Keep trailing stop always to secure your profits. There is a possibility of a bounce back which I have mentioned from...
Gold has reached in the last weeks a key level of 2072 and retraced back below the 2000 level. On the weekly chart (left) we can see that market found support on a weekly structure and price retrace till the 0.618 fib level and went back up at the 0.5. On the daily chart (right) the market testing the discending trendline and creating a triangle pattern. We can...
XRPUSD on the weekly chart hit a descending trend line and got rejected for a 3rd time on the 0.30 level. Market hit on the move back the 0.618 on the support structure. If the price will break above the weekly resistance and consequently break the trend line we can set a nice long order according with Plancton’s strategy. ––––– Follow the Shrimp 🦐 Keep in...
First, this is nice that it's sitting on a weekly key level. Second, where price stopped also looks to respecting a major level of structure according to the daily. I'm looking for another short overall. But, as we know, price does what it wants. So if it does decide to perform a pullback into a continuation, those TPs are in place too. BEAR TPS: • 139.698 •...
XRPBTC is inside a descending channel after price bounced twice on 0.618 Fibonacci level as you can see on weekly chart (right chart). Now the price need to have a breakout from channel and weekly resistance. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...