I previously stated I was expecting this to drop a bit more but it seems to have formed some support in the current area but it is at 0.382 FIb so that is fine. I recommend waiting for the MACD to show some more signs of bullishness and EMA's to cross or come very close to crossing before entering a long. TP is at -0.272 Fib and SL just below 0.5 Fib as shown on the chart
EURSEK after the double bottom on the weekly support retraced inside a bear flag. According to Plancton's strategy,if the condition will be satisfied we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...
This has had sharp growth in the past week and broken structure. I expect this to now retrace to support at 0.5 Fibonacci and then rise 11.517 which is -0.272 Fib
📌 NOK for the Yearly Close Now comes the traditional complex NOK and SEK map complex. I have mentioned a number of times SEK was in a very good position for sellers, now NOK is joining the disco because it is unlikely that dollar can manage to force the defence. A very amusing chart, for those with a background in waves we are playing the breakdown on a 5 wave...
GBPSEK on the 4h chart created a double bottom over a weekly structure. The price after the attempt to break the below got rejected back up. IF the price will break the minor resistance we can set a nice long order according to Plancton strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly...
@ridethepig | G10 FX Christmas Chartbook 📌 USD - devaluation continuation is the name of the game ...the breakdown is cooking; Biden has turned dollar into an awful shelter. Look for cover elsewhere, a 'digital dollar' could also be a beautiful political manoeuvre in which we may see the transfer of whole equipment from West to East. Needless to say, the...
📌 SEK for the Yearly Close In general the following flows are working flawlessly, sellers have recaptured the control and are bringing about a lot of pressure on the main macro targets issued at the beginning of 2020. One indication of the weakness is clearly the USD devaluation, and is represented by the attacking side rushing to SEK. Introducing...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: SEKJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes. on H1: SEKJPY formed an objective trendline in red and a head and shoulders pattern so we are waiting for a momentum candle close below its last swing and...
Price should make new lower low but we will see a reaction where I set TP Top Absolute Correlation 4 hrs 1 EURSEK - USDCZK 89.4% 2 EURSEK - GBPSEK 88.9% 3 EURSEK - SEKJPY -88.7% 4 EURSEK - EURPLN 88.2% 5 EURSEK - USDCAD 87.5%
If the price will fall to the level rapidly we should open scalp Buy. But if it will approach slowly don't trade buy, it will become sell possibly. We should get confirmation before. The potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments...
Hi All, We have a free Day trade for day traders. Please bear in mind it's the 15th Tomorrow Johnson's brexit deadline day for a trade deal!. So High risk!. Entry and sl Marked. Many Thanks
EUR_SEK BOKOKE THE RESISTANCE. SPIKED. RETESTED SUPPORT. NOW BROKE OUT OF RESISTANCE. It might move in a triangle fashion Consolidating for an upwards move Pick it up from the support levels outlined ___________________________________ LIKE and SUBSCRIBE for QUALITY
THIS PAIR LOOKS SET TO CONTINUE THE UPTREND, WAITING ON H1 CONFIRMATION.
JUST MARVEL AT WHAT THE MKT DRAWS SOMETIMES. LOOKS LIKE A STAR CONSTELLATION OR SMTH But yeah, the pair will probably move the way I've drawn it too, so watch out for longz _______________________________________ LIKE for the pretty pic, SUBSCRIBE for more COOL stuff
Main items we can see on the chart: a) The price has been on a bearish trend since MARCH 2020 b) Currently, the price is below a previous Support zone now working as a resistance c) The main style of the strategy we are showing here is looking for previous situations at the same level and use them as models for possible resolutions on the current...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.