AUDCAD on the weekly chart hit a weekly resistance and price started a retracement move. On the Daily chart price moved inside an uptrending channel and recently broke a bull flag for a new test of the upper structure. Price is now ranging between the 2 structure and price bounce over the 0.618 of the previous minor leg. IF the price will break and close above...
EURCHF gain a bullish momentum. After the last attempt to break market got rejected to the 0.786 fib level before starting again the uptrending move. On the weekly chart we can notice that there will be another resistance zone around 1.08500. We will wait for the condition to trigger to set a nice long order acccording with our strategy. ––––– Follow the Shrimp...
EURCHF on the weekly chart is still inside the 2 structure but if the week will close at this level we will have a sign of a new bullish momentum. On the daily chart the market tested the lower structure and got the direction of the upper one. Being this a very long and complex correction, we will wait for a potential break of one of the 2 structure for a clear...
CHFJPY on the weekly chart is close to weekly resistance. Market has moved inside an ascending channel and got support by the daily structure around 115.500. Being in a bull trend IF the market will break and close above the weekly structure we can set a nice long order according with Plancton's strategy ––––– Follow the Shrimp 🦐 Here is the Plancton0618...
USDSEK is close to a weekly resistance. Market is currently renging between 2 structure and after a long bear move there is the possibility to see a retracement. Price currently broke the inor channel and is testing the support structure. IF the market will break and close above the weekly structure, at the restest of it, we can set a nice long order according...
EURAUD on the monthly chart has been moving inside a channel. On the weekly chart market respected the dynamic trendline (red) and price after the huge spike retraced back till hitting and starting a new leg up. Price is now close to a weekly resistance and IF the market will break and close above it, we can look for a nice long order. On the other case, IF the...
Hey Traders, decided to make an informative post trading with the Parabolic Stop And Reverse Indicator. I will be only referring to bullish instances for the Parabolic SAR. For this example, I will be using the Daily Time-frame on BTC/USD. First & foremost, I use Parabolics to indicate the direction of the pair i'm trading. It also helps in finding great...
Todays Analysis – VETUSDT – Ranging within support and resistance Points to consider: - Weekly resistance - S/R Flip - .382 Fibonacci Retracement - 21 EMA (visual guide) - Volume Climax - Oscillators Neutral VETUSDT is consolidating within structural support and double top resistance after putting in a successful S/R flip re-test. A long trade will be...