Hi, and welcome to Tuesday's update. Today's focus is on Gold as price continues to trade with inside bars after last Friday's 3% jump. US employment data fueled the rally, and this data sent the USD packing.
We're looking for Friday's breakout to complete, but we need to see buyers come back into the market with another firm move higher to show us that Friday's...
Welcome back! Here's an analysis of this pair!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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In this analysis, we start from monthly timeframe and we can see how the price respected the Fibonacci retracement on 0.786 level, and we create new weekly and monthly structures.
on the Daily timeframe the price created a strong area on 43-44k where the market is trying to have a breakout.
On the 4h timeframe we can see how the price is testing the 0.886...
The price is creating a descending channel on the daily resistance after a bounce on the 0.5 Fibonacci level on the Monthly chart.
The price got rejections from the 3k resistance, it's a key level.
On the 4h timeframe the price is testing the resistance on 2700$ and the market got rejections from that are.
How to approach?
For a bullish scenario, I'd like to...
TRXBTC is testing the weekly resistance. If the price is going to have a breakout,
According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
IOSTBTC is creating a pennant below the weekly resistance. IF the price is going to have a breakout, 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 structure.
🟡 Yellow...
ALICEUSDT is testing the weekly resistance, 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 structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
BTCUSDT is creating a descending channel inside the daily ascending channel. We need to monitor the 0.5 Fibonacci level on the W's neckline.
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...
AVAXUSDT is testing the weekly resistance inside an ascending channel. 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 structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black...
SKLUSDT is testing the weekly resistance. IF the price will have a breakout from the resistance and turn to new support, 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...
YFIUSDT is testing the weekly support and now is trying to have a breakout from the descending channel. IF the price will have a breakout, 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...
Here is our weekly market outlook video! We go over last weeks video as well as all the stocks we are looking to trade this coming week!
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AMEX:SPY
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