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240min

GOLD bulls on parade 🦐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? I will wait for a possible break of the 4h resistance and IF the market will show us a confirmation i will set a nice long order according to the Plancton's strategy rules. Being Friday there might be some expected moves in the US session and this reason we can also see a test of the 2020 area before and look for an inversion around that zone
OANDA:XAUUSD
by InkyGrip
GOLD can retest the 2k 🦐Gold after our previous analysis tested as expected the 2000 level (link below). The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support. The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618. We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the Planctonìs strategy rules.
OANDA:XAUUSD
by InkyGrip
12
USDJPY can break the 133? 🦐USDJPY after the test of the 137.500 area dropped with a series of lower low lower high until the 130 round zone. The market took the liquidity below the daily support and retest the 130.500 and started an impulse to the next resistance area which is the previous lower high. After the rejection by the 133 area the market retraced at the 0.786 Fibonacci zone and moved back to the daily resistance. According to Plancton's strategy IF the price will break above we can set a nice long order.
by InkyGrip
6
USDCAD a turn at the 0.886 Fibonacci 🦐USDCAD on the 1D chart has traded at the recent high. The price after testing the weekly support at the 1.33 level started an impulse that drive the pair to a new test of the monthly resistance with a spike. We can notice how the market turned at the 0.886 Fibonacci retracement from the previous recent high to the 1.33 level. How can i approach this scenario? I will wait for a potential break of the support area and IF that will happen i will move on the 4h chart to look for a possible short order according to the Plancton's strategy rules.
by InkyGrip
2
GBPCAD a turn at the 0.786🦐GBPCAD on the 4h chart got rejected by the resistance area at the 1.68500 and retraced at the 0.786 fibonacci level. The Price touched the 0.886 with a spike before inverting and retesting the weekly structure. Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers. How can i approach this scenario? I will wait for a potential break of the interested area and if that occur i will look for a nice long order according to the MTB Plancton's strategy.
by InkyGrip
6
USOIL back to the 85? 🦐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.
TVC:USOIL
by InkyGrip
6
GBPJPY on a pennant 🦐GBPJPY on the 4h chart after the liquidity grab below the 159.500 area started an impsule to the upside. The market broke the 164 level and retest the previous resistance now turned support. We can see how that key level has been the 0.482 Fibonacci area and how the price started to trade between 2 narrowing trendlines that potentially could be seen as a pennant pattern. How can i approach this scenario? I will wait for a potential break of the pattern and if that will happen i will look for a nice long order according to the Plancton's strategy rules.
by InkyGrip
2
EURGBP can move higher 🦐EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend. The price moved above a weekly structure and retest it a few times. Is also interesting to see how the weekly structures lays exactly over the 0.618 Fibonacci area and the 0.5 is a 4h resistance. I will wait for a potential break of the structure and IF the price will break above i will set a nice long order according to the Plancton's strategy rules.
by InkyGrip
4
EURCHF a turn at the 0.382 Fib 🦐EURCHF on the 4h chart created a perfect double bottom on the recent low. As we know the double bottom play at best ta the end of a doentrend and this is the case. The market started an impulse to the upside and then as the market waves normally do, retrecd to the 0.382 fibonacci level over a support with a spike to the 50% level. How can i approach this scenario? I will wait for the EU market open and IF the price will break above the 4h resistance structure i will consider a nice long order according to the Plancton's strategy rules.
by InkyGrip
6
EURUSD on a retracement move 🦐EURUSD on the 4h chart after our previous analysis exceed our expectations and moved up to the 0.786 Fibonacci level. The market after the test of the weekòy resistance moved lower to the 0.618 support level and a further retracement to the 50% can be seen. How can i approach this scenario? I will wait for a potential test of the 1.08 level and if that will happen i will monitor the price for a potential inversion to set a. ice long order according to the Plancton's strategy rules.
by InkyGrip
USDCHF on a confluence zone 🦐USDCHF on the chart shows how after the liquidity grab below the support area the price retest the weekly support with a potential double bottom. The double bottom pattern is known as a reversal one and it plays better at the end of a downtrend as it this would be the case. The price has now broken the previous lower high and is testing a crucial confluence area between a daily resistance and a descending trendline. According to Plancton's strategy IF the market will be able to break above that area we can consider a nice long opportunity.
by InkyGrip
7
GBPJPY on a break of the 160 🦐GBPJPY on the 4h chart is trading above the 160 level. We know how this pair particularly love the round numbers and we can wait for a potential break of it to look for a short opportunity. The price in fact after the uptrend move took the liquidity at the 166 level with a false breakout move with the 164 and 162 as ket levels in the downtrend. After a first test of the 160 the price tested the 162 resistance area and moved higher to the 0786 Fibonacci retracement to the 163 zone. How can i approach this scenario? I will wait for a potential break of the support area and if that will happen i will be look for a nice short order according to the Plancton's strategy rules.
by InkyGrip
6
EURUSD a move to 50% 🦐EURUSD on the 4h chart after the triple bottom started an impulse to the upside. The price bounced a few times over the weekly structure and is currently trading below the 1.07 level below a daily resistance. How can i approach this scenario? A test of the 50% is highly possible in this case and for this reason i will wait for a potential break of the are and if the price will satisfy the Plancton's strategy i will set a nice long order according to the Plancton's strategy rules.
by InkyGrip
2