I will make a multi time frame analysis to give you an idea of what the price could do next
Monthly:
The price is currently over extended. When price is overextended, we always could expect a retracement to happen next. The price could be getting ready to make the retracement soon.
Weekly:
The price is also over extended. In the weekly we can see also that the...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
SELL (Swing)
Entry: 25.47814
Take Profit: 25.80058
Stop Loss: 25.41718
Based on Weekly POI due to W formation. Retracement on the neckline of the W formation, entry on the 4H TF
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
market is bottomed out from the last post it went up over 7k hit the necktie breaking it up and didnt make a significant lower low excellento its overbrought on all 3 major trends this market will do a strong bullish breakout this trade has the potential to be my next held
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
EURCZK is moving inside a descending channel.
The market after the last retracement tested the resistance structure and now is above a minor support.
If the price will break below, according to Plancton's strategy, we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
On the daily timeframe we again have a nice W formation and we are expecting the completion at the neckline. On the lower timeframes market is showing rejection to resistance and a deceleration, if we get a break and close below support we will take the short on the retest.
OANDA
