AUDJPY after bouncing on the 0.382 Fibonacci level of the previous bullish leg created a nice impulse to the upside until the weekly resistance area. The price couldn't break above yet and created a kind of double top. We can expect the market to provide us 2 different scenarios. IF the market will break above the weekly structure, we can set a long order. If the...
CADCHF after the bullish impulse until the 0.70500 level retraced back until the 0.5 Fibonacci. It broke above, retested the 0.382 and now move above the resistance area at 1.69900. inside an ascending channel IF the price will retest the structure, according to Plancton's strategy, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple...
AUDUSD on the daily chart after hitting the 0.73600 area at the weekly resistance, retraced back until the 0.382 Fibonacci level. The price after creating a double bottom over the weekly support started a new impulse to the upside until the weekly resistance area and close to the descending trendline of the channel. Being the end of the month and near to a strong...
EURUSD finally broke an important weekly resistance. The price after Testing the 1.18800 area many times manage to break above and is creating a nice bullish leg inside a channel. IF the market will reach the top trendline and give us a sign of inversion we can expect a retest of the support at the 0.382. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...
EURJPY on the 4h chart after the bullish leg created a nice retracement move until exactly the 0.618 fibonacci level. The price created a double bottom over it and tested the 0.5 at a 4h resistance zone before moving up to the weekly resistance structure at the 0.382 fib level. IF the price will break and close above the weekly resistance area we can set a nice...
GOLD after our last analysis, on the 4 h chart, reaches exactly the 0.618 of the weekly Fibonacci bullish leg over an ascending channel. The price hit daily support after breaking the weekly support at 1860 and now can look for retracements. IF the price will look for one of the fib levels, retest the weekly resistance and turn into a bearish scenario again we...
NZDCHF on the daily chart after the nice bullish impulse never retraced back. The price broke a descending trendline and a weekly structure. IF the price will close below the minor structure we can expect a move until the 0.5 or the 0.618 fib level. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
EURJPY after the bullish impulse broke above the weekly resistance at 123.800. The price started a retracement move until the 0.5 fib level over the support in a minor descending channel. IF the market will break above the 4h structure and consequently break the channel we will set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp...
EURUSD on the weekly chart is moving inside an ascending channel and is in a consolidation phase between 2 main structures. The price closed last week at the resistance structure at 1.19 and on the daily chart after bouncing at the support area at 1.16 the market created a nice impulse for the whole week. IF the price during next week will break above the...
GOLD on the weekly chart is moving inside and historical ascending channel. The price after hitting the historical highs started a retracement move until the 0.5 fib level over the exponential moving average. On the daily chart, the price broke the descending channel and the weekly resistance at 1930. If the price, after the retest of the support will break the...
USOIL on the monthly chart is movìing inside a huge monthly channel. Price hit the resistance at 43 level and got rejected. On the weekly chart, the price hit a descending trendline and now breaks below the weekly structure at 36.20 area. The price on the daily chart broke the ascending channel and during next week we can expect a test of the daily support at the...
EURUSD on the daily chart has broke and retested the ascending channel. The market is now testing an important weekly support around the 1.17 level. IF the price will break and close below the support we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure...
GBPCHF on the daily chart is moving inside an uptrending channel. The price went to touch the lower trendline before starting a sharp move to the upside on the day of yesterday. Now the market is testing the important weekly structure at 1.90. When the price will break and close above we will set a nice long order according to Plancton's strategy. ––––– Follow...
EURAUD on the daily chart created a double bottom over the weekly support around 1.63500. The price is now testing the upper structure around 1.65500. On the 4h chart, we can see that the market broke the descending trendline of the triangle formation and now testing the structure. IF the price will break and close above the weekly resistance we can set a nice...
EURCHF has broken the ascending channel started at the end of July. The price broke below and will go for the test of the weekly support around 1.07 level. IF the price will break and close below the resistance structure we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly...
GBPCHF on the daily chart has consolidation below the 1.19 resistance area. The market is moving in a minor descending channel and seems now strong enough for a break above. IF the price will break and close above the 1.19 area and consequently break the descending channel and the weekly resistance, we will set a nice long order according to Plancton's...
USDMXN on the daily chart hit the monthly support (purple one) and started a strong bullish impulse. The market hit the upper trendline which is also at the level of a weekly resistance and retraced a bit. IF the price will manage to break and close above that level we can set a nice long order according to PLancton's strategy. ––––– Follow the Shrimp 🦐 Here is...
USDCHF after hitting twice the monthly support at the 0.90300 level started a nice bullish leg. Price broke and retested the daily support area at 0.91300 and recently broke the one at 0.91800. We can expect the price to test the 0.92500 zone. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question....