USDCAD on the 4h chart after the expected bearish impulse retraced exactly at the 0.381 Fibonacci level. The price is moving in an ascending channel that can also be seen as a bear flag. How can i approach this scenario? If the price will break below the lower trendline and the support we can set a nice short order according to Plancton's strategy Or else we can...
GBPUSD after our previous analysis reached the 1.25000 level and retraced to the 1.23500 at the 50% retracement. The market is still in a bullish bias and IF the market will break the daily resistance we can look for a nice long order according to the Plancton's strategy rules.
After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82. I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays. How can i approach...
USDCAD has been exhibiting a bearish trend, with a recent downward price movement that tested the key resistance level of 1.34000. However, the price retraced to the 50% Fibonacci retracement level of the previous impulse, which could potentially act as a barrier to further upward movement. This retracement also coincides with the price moving back over a daily...
EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend. The price moved again at the weekly structure below a daily descending trendline and retest it a few times. I will wait for a potential break of the structure and IF the price will break above i will set a...
SP500 on the 4h chart after the test of the weekly support at the 3840 structure started a series of higher highs higher lows move. The price that already tested a few times the 4000 level has retraced over a previous support area exactly at the 50% retracement and is now looking for a potential break . How can i approach this scenario? I will wait for the EU...
After our previous analysis, GOLD on the 4h chart shows more bullish strength and the price reached the 2040 level. A break of the weekly resistance indicates that the bullish pressure has increased and a possible break over the 2050 area can happen. How can i approach this scenario? I will wait for a possible break of the 4h resistance and IF the market will...
Gold after our previous analysis tested as expected the 2000 level (link below). The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support. The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618. We will monitor the price in the...
USDJPY after the test of the 137.500 area dropped with a series of lower low lower high until the 130 round zone. The market took the liquidity below the daily support and retest the 130.500 and started an impulse to the next resistance area which is the previous lower high. After the rejection by the 133 area the market retraced at the 0.786 Fibonacci zone and...
GBPCHF on the 4h chart after last week's profit has retraced at the 0.886 Fibonacci level. The price respects a descending trendline and moves below a descending resistance. How can i approach this scenario? I will wait for a potential break of the interested area and if the market will satisfy the Plancton's MTB strategy i will set a nice long order.
GBPUSD on the daily chart after the recent high at the 1.2500 level retraced over the demand zone at the 0.5 Fibonacci level. The market created an impulse to the upside after the test of it and open the week with a gap. Currently the buyers are attempting to break the daily resistance structure and IF the price will manage to move over that level we can move on...
AUDUSD on the 4h chart is trading below a daily resistance. The price after a break of the structure is slowing retracing ton the 0.786 fibonacci area. If the market will provide us an inversion and a new break of the daily area we can set a nice long order according to the Plancton's strategy rules.
EURUSD on the 4h chart after yesterday's news is retesting the 50% of the impulse move over a support area. The price has been moving in a series of higher highs and higher lows and for this reason, our main bias remains bullish until a clear sign of inversion. How can i approach this scenario? I will wait for a potential inversion over the support area and if...
EURUSD after our previous analysis (Link Below) tested as expected the 50% of the main impulse and turned over the daily support. Currently, the market is trading below a minor resistance and according to Plancton's strategy IF the price will break above we can consider an increase in the buying pressure which could make us open a long order if the conditions...
USDCAD on the 1D chart has traded at the recent high. The price after testing the weekly support at the 1.33 level started an impulse that drive the pair to a new test of the monthly resistance with a spike. We can notice how the market turned at the 0.886 Fibonacci retracement from the previous recent high to the 1.33 level. How can i approach this...
GBPCAD on the 4h chart got rejected by the resistance area at the 1.68500 and retraced at the 0.786 fibonacci level. The Price touched the 0.886 with a spike before inverting and retesting the weekly structure. Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers. How...
After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82. I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays. How can i approach...
GBPJPY on the 4h chart after the liquidity grab below the 159.500 area started an impsule to the upside. The market broke the 164 level and retest the previous resistance now turned support. We can see how that key level has been the 0.482 Fibonacci area and how the price started to trade between 2 narrowing trendlines that potentially could be seen as a pennant...