The price is currently trading within a descending channel. A strong weekly resistance level lies ahead. Increasing volume suggests buyers are waiting for lower prices to enter. A sharp drop in price is a possible scenario. Elaboration: The current market situation presents a bearish outlook with the price confined within a descending channel. This pattern...
Technical analysis of the EUR/CHF pair on the 4-hour time frame reveals an upward trend within an ascending channel. After reaching a recent low, the price action started to move higher, forming higher highs and higher lows. The ascending channel pattern formed as the price action created two parallel trend lines, one acting as resistance and the other as...
USDJPY on the 4h chart reached the weekly resistance. The price after the bullish impulse started a retracement move and according to Plancton's strategy of the market will provide a sign of inversion at the 0.382 we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵...
After our previous analysis, EURUSD has reached the weekly resistance. The market is retracing in a minor channel and according to Plancton's strategy IF the price will break above, at the retest of the structure we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly...
Hello traders and investors! Today we will talk about stocks, specifically S&500 against GOLD (SPX/GOLD ratio chart), in which we see an interesting development we want to share. As you can see, stocks remain in the strong uptrend and there can be room for more gains, we just have to be aware of another, higher degree correction as S&P500 is approaching 2018...
The stock of IGL had a strong supply zone at around 570-575 levels which it broke with heavy volumes and gave closing above the same yesterday. Also, a weekly closing above 570 looks like a good indication that stock might soon reach 600, 650+ levels. Support is around 545-550 levels which is a good demand zone. This is just for educational purposes.
SP500 on the weekly chart has recently broken the weekly resistance area. The market created a double bottom higher close formation giving us a hint of a bullish continuation. According to Plancton's strategy if the market will retest the support and the conditions will be satisfied we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple...
USOIL after a rejection of the resistance area consolidates between the 0.382 and the support at the 0.5 Fibonacci level. According to Plancton's strategy if the market will break above we will set a nice long order --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
GBPJPY after the attempt to break above the weekly resistance retraced until the 0.382 Fibonacci level. The market tried to break below a daily support at the 0.382 fib area and now moving over an ascending trendline. According to Plancton's strategy if the price will break above we will set a nice long order. --- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
EURUSD on the daily chart reached the weekly resistance at the 1.19 area. The price from here can provide us 2 possible scenario: If the price will break above and the conditions will be satisfied we can set a nice long order. If the price will turn and break below the 4h structure we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣...
EURAUD after the recent lows started an impulse and reached the weekly resistance at the 1.50 level. The market after a minor retracement is now attempting the break and according to Plancton's strategy if the price will close above we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
EURUSD on the 4h chart reached the weekly resistance at the 1.18850 area. The price from here can provide us 2 possible scenario: If the price will break above and the conditions will be satisfied we can set a nice long order. If the price will turn and break below the 4h structure we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣...
EURCHF reached and got rejected by the weekly resistance. The price after a minor retracement inside a descending channel now moving for a new test of the resistance area . According to Plancton's strategy if the price will break above and the conditions will be satisfied we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
EURNZD after the lower low over the weekly support at 1.63500 has moved in a range below a weekly resistance and the 0.382 Fibonacci level. The price last Friday attempted to break above and according to Plancton's strategy, if the market will break above, we can set a nice long order. ––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly...
USDJPY after our last analysis reached the weekly resistance structure. The market retraced over a minor support and now testing for the 2nd time the structure. According to Plancton's strategy, if the price will break above, we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure ->...
AUDJPY after the recent highs retraced until the 0.618 Fibonacci level. The market from there started a new impulse until the weekly resistance. Currently, the price is consolidating below a minor resistance inside a bull flag and is attempting to break above. According to Plancton's strategy, if the price will break above, we can set a nice long...
EURNZD after a long downtrend inside a descending channel created an inverted H&S pattern. The market is now testing the neckline over the resistance and the top trendline for a nice market confluence. According to Plancton's strategy, if the price will break above, we will set a nice long order. ––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure ->...
NZDUSD after breaking the range between reached the weekly resistance at the 0.73250 level. The market is now testing a weekly resistance and according to Plancton's strategy, if the price will break above, we will set a nice long order, –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...