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240min

SILVER can bounce over the 0.618? 🦐SILVER on the 4h chart after the bearish impulse reached the 26 areas. The price is testing an important descending trendline nearby a weekly structure. The slow retracement and the test of the 0.618 Fibonacci level make me consider a possible bullish continuation. How can i approach this scenario? I will wait for a possible break of the structure and if that will happen i will look for a nice long order according to the MTB strategy rules.
SAXO:XAGUSD
by InkyGrip
9
EURUSD a turn at 0.886 Fib 🦐EURUSD on the 4h chart after the break of the 1.10 area retraced below the monthly structure over a previous resistance now turned support. The market tested perfectly the 0.886 Fibonacci level and is consolidating below the key level. A break above the area will shoes bullish increasing pressure and also for that reason we can consider a long order. If the price will move as expected and the Strategy will be satisfied we can set a buy order according to the MTB Plancton's strategy rules.
by InkyGrip
16
GOLD can move higher? 🦐After our previous analysis, GOLD on the 4h chart shows more bullish strength and the price reached the 2040 level. A break of the weekly resistance indicates that the bullish pressure has increased and a possible break over the 2050 area can happen. How can i approach this scenario? The price has retraced on Friday over the previous resistance now turned support at the 0.786 Fibonacci level. In the pre- market session the price is moving to the 50% treavement and a break above can be a sign of bullish pressure. According to Plancton's strategy IF the market will break above we will check the opportunity for a nice long order.
OANDA:XAUUSD
by InkyGrip
4
EURUSD can move higher? 🦐The price has formed a series of higher highs and higher lows, indicating an uptrend in the market. After testing the resistance level at 1.09500, the price retraced to the 0.786 Fibonacci level, which suggests a healthy pullback in the uptrend. The fact that the price has retraced to the 0.786 Fibonacci level, which is considered a deep retracement, indicates that buyers are still in control of the market and are likely to push the price higher. This level could also act as a support level, providing a strong base for the price to rebound from. Furthermore, the price is now showing signs of moving back towards the resistance level at 1.09500 for a retest. This suggests that buyers are gaining momentum and are attempting to break above the resistance level, which could potentially lead to further upside movement. In addition, the overall trend direction is positive, as indicated by the series of higher highs and higher, further supporting the bullish bias. Based on these technical factors, a bullish outlook can be inferred for EUR/USD on the 4-hour chart. Traders may consider looking for buying opportunities, with a target and stop loss according to the Plancton's strategy rules.
by InkyGrip
10
EURJPY looking up 🦐EURJPY on the 4h chart after a few test of the daily support at the 140 level started a love to the upside. The price attempt a few times the break of the structure at the round nu,ber level without any success and after the last impulse the market retraced at the 0.382 Fibonacci level and is currently trading below a minor resistance area. How can i approach this scenario? I will wait for the EU market open and IF the market will break above i will set a nice long order according to the Plancton's strategy.
by InkyGrip
18
USDCAD moving lower? 🦐USDCAD on the 4h chart after the expected bearish impulse retraced exactly at the 0.381 Fibonacci level. The price is moving in an ascending channel that can also be seen as a bear flag. How can i approach this scenario? If the price will break below the lower trendline and the support we can set a nice short order according to Plancton's strategy Or else we can see a possible scenario where the market retest the previous support now turned resistance at the 50% retracement and fro there we will look for an inversion.
by InkyGrip
6
USOIL stable after the gap 🦐After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82. I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will move on the 4h chart to check for a nice entry according to the Plancton's strategy rules. If the price will move to the gap i will monitor the supports on the 4h time frame to identify a possible lower entry according to the MTB Strategy.
TVC:USOIL
by InkyGrip
6
USDCAD moving to a lower low 🦐USDCAD has been exhibiting a bearish trend, with a recent downward price movement that tested the key resistance level of 1.34000. However, the price retraced to the 50% Fibonacci retracement level of the previous impulse, which could potentially act as a barrier to further upward movement. This retracement also coincides with the price moving back over a daily support level, suggesting a potential lower low move. As a trader with a short outlook, you may be anticipating a lower low, indicating further bearish momentum. If the price breaks below the daily support level, it could confirm the bearish bias and provide an opportunity for a short order entry according to the Plancton's strategy. This could be supported by the previous resistance level of 1.34 acting as a barrier, and the 50% Fibonacci retracement level acting as a potential resistance.
by InkyGrip
16