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USDCHF can move to the 4h support? - UPDATE -🦐USDCHF after our previous analysis broke the ascending trendline and retested it as expected. The price has tested the 0.382 at the trendline and is now trading above a minor support. How we can approach this scenario? We will wait for the European market open and check if the bear pressure will push the price below the 4h structure, in that case, we'll consider opening a short position according to the Plancton Academy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
7
GBPCHF can move higher? 🦐GBPCHF on the 4h chart is testing a confluence zone between the weekly resistance and a descending trendline. The price after a false breakout started a range trading between the weekly structure and the 0.382 Fibonacci level. How can we approach this scenario? We will wait for the European market to open and check if the bulls will have enough strength to break above the resistance area. In that case, if the price will break and retest the structure we will check for the application of the Plancton academy rules to set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
USDCHF can move to the 4h support? 🦐USDCHF on the 4h chart has tested the weekly descending trendline and couldn't break above. The price has tested the 0.618 and the 0.5 fib level retracement and then turned to the minor ascending trendline in yellow How we can approach this scenario? We will wait for a break of the counter trendline and check if the bear pressure will push the price below the 4h structure, in that case, we'll consider opening a short position according to the Plancton Academy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
GOLD on a potential bull move 🦐GOLD on the 4h timeframe is testing a resistance area. The price after the rejection by the weekly trendline (red) moved lower to test an ascending daily trendline over a support area. The price attempted a break and took the liquidity to start a new impulse. How can we approach this scenario? We will monitor the price during the Us market open and check if a break to the upside will happen, in that case we will check for the application of the Plancton academy rules to set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
14
USDCHF for a higher high? 🦐USDCHF on the 4h chart is providing a potential long opportunity in the next few hours. The price after the recent high at the 0.93200 area created a wave that retraces exactly until the 0.618 Fibonacci level and starts a possible higher high higher low move. How can we approach this scenario? The market is now approaching a resistance structure after a test of the 0.382 and a break above will be considered a chance for a long position. After the break, we will check if the pair will provide us a retest of the structure, and when the price will satisfy the Academy rules we will set set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
3
GBPNZD on a supply zone 🦐GBMNZD on the 4h chart is moving in a range trading. The price after a bullish impulse reached the 2.0500 level and created a triple top. How can we approach this scenario? The market is moving between 2 structures and after a long run we can expect some retracements. If the price will break the lower structure we will check if the move will satisfy the Plancton Academy rules and set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
7
EURJPY looking up 🦐 - Update -After our previous analysis EURJPY moved as expected, the price perfectly followed my drawing and break the resistance structure then turned support. After the retest of it the price is now trading below a new resistance area How can we approach this scenario? We will monitor the European market open and wait for a possible break of the resistance area , at retest of it we will check for the application of the Plancton Academy rules application and set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
4
GBPJPY on a retracement move 🦐GBPJPY on the 4h chart is testing a confluence zone where the 0.786 Fibonacci level and static resistance are matching. The price after a choppy uptrend move can provide some retracement with a break of the ascending trendline. How can we approach this scenario? We will check if the price will break below the 0.618 Fibonacci level support and in that case, if the market condition will satisfy the academy rules, we will set a nice short order according to our academy ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
EURAUD on a bull flag 🦐EURAUD on the 4h chart is moving in a descending retracement channel. The price after the attempt to break above the weekly resistance tested the 0.5 Fib level and moved to the upper trendline of the channel. How can we approach this scenario? We will wait for the market to break the channel and move over the weekly resistance, in that case, will start to check for a possible retest of the structure and set a nice long order according to the Plancton academy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
EURUSD on a retracement move 🦐EURUSD on the 4h chart bounced perfectly over the weekly support (red) around the 1.11450 area. The price has been in a long downtrend with consecutive lower lows and lower highs. How can we approach this scenario? We can notice a descending channel and 2 resistance structures above the current price. One of the 2 is a perfect confluence area and we will monitor that point to check if the bulls will have enough strength to break above, in that case we will monitor the price for the application of the Academy rules and set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
12
GBPCAD testing a support 🦐GBPCAD on the 4h chart os testing a daily support at the 0.382 Fibonacci level. The price after a consolidation move between 2 structures took the liquidity with a false breakout and broke above the resistance zone. How can we approach this scenario? We will wait for the London market open and the weekly activity volumes to kick in,and in the case that the price will break above the 4h resistance (yellow) we will se a nice long order according to the Plancton Academy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
EURJPY looking up 🦐EURJPY on the 4h timeframe has been trading in a typical lower low lower high move and reached the weekly support area. The market after the break of the 2 converging trendlines which can be identified as a falling wedge (reversal pattern) starts to consolidate between 2 structures. How can we approach this scenario? We will monitor the market open and wait for a possible break of the resistance area, at retest of it we will check for the application of the Plancton Academy rules application and set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
20
GBPUSD on a correction phase 🦐GBPUSD on the 4h chart broke and retest the dynamic support after the test of the 1.37500 area. The price on the daily chart is moving in a descending channel and after the test of the upper trendline we can see an inversion. How do we approach this scenario? The pair is currently trading above a weekly support (red) and we can expect some more bear pressure. If the price will break below and satisfy the academy rules we will set a nice short order. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
11
USDCHF a turn at the 0.786 🦐USDCHF on the 4h chart is providing a potential long opportunity in the next few hours. The price after the recent low at the 0.91000 area created a wave that retraces exactly until the 0.786 Fibonacci level that starts a possible higher high higher low move. How can we approach this scenario? The market is now approaching the resistance structure and a break above will be needed to consider a long position. After the break we will check if the pair will provide us a retest of it and at that moment we will check for the application of the Academy rules to set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
AUDUSD can move lower? 🦐AUDUSD on the 4h chart after the recent low retraced exactly at the 0.382 Fibonacci level. The market broke the daily bear flag with a current retest of the resistance level. How can we approach this scenario? We would like to see a clear inversion at the confluence area between the weekly resistance and the Fib level. In that case, we will check an entry point for a short order with a nice risk-reward ratio according to Plancton's academy rules. ––––– Follow the Shrimp Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
10
EURJPY on a falling wedge? 🦐EURJPY on the 4h timeframe is trading in a typical lower low lower high move and reached the weekly support area. The market is moving between 2 converging trendlines which can be identified as a potential falling wedge, a reversal pattern that can be confirmed by the break of the confluence zone between the trendline and the daily resistance. How can we approach this scenario? The market after the last test of the resistance has turned to create 2 red candles bit IF the price will manage to break above the structure we will monitor the pair for a nice long order according to the Plancton Academy rules --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
2
EURUSD can move lower? 🦐EURUSD on the 4h chart is moving into a correction phase inside a slightly ascending channel. The price bounced over the lower dynamic support a few times in a choppy trading form and then peaked with a test of the upper trendline at the 1.14800 level. How can we approach this scenario? We can notice the test of the 0.382 Fibonacci level over the daily support (blue one) which can makes us think for a bearish continuation on the 4h timeframe. In this case, we will wait for a break of the support area between the upper trendline and the weekly support (red structure to set a nice short order according to the Plancton academy rules. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
EURJPY retest the 0.382 Fib 🦐EURJPY on the 4h chart is moving inside a 4h correction channel. The price after the recent high at 131.500 created a rounded top and start the descending phase with a lower low lower waves patter. We can notice how the previous top was the 0.618 Fibonacci level of the previous bearish waves on the daily chart (blue). How can we approach this scenario? Currently, the market is testing the resistance at the 4h 0.382 fib level and we will check a possible inversion to place a short order according to our Academy rules for a continuation to the downside. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
GOLD back to the 1870? 🦐GOLD on the daily chart is testing a resistance level at the 1830 area with the day of yesterday that shows some bullish price action on the metal compartment. Silver and Platinum moved higher too and the gold correction phase could be to an end. The price in fact is moving into a weekly descending channel starting from the all-time highs above 2000 reached in August 2020. How can we approach this scenario? The bull pressure on the confluence zone between the descending trendline (red) and the daily resistance (blue) can increase in these last 2 days of the week and a weekly closure above that area will be a sign of strength. We will monitor the price for a nice break and we will consider a long order if the Academy rules will be satisfied. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
AUDNZD on a bull flag? 🦐AUDNZD on the 4h chart is trading below a weekly resistance. The price is consolidating in a bull flag and according to Plancton's strategy IF the market will break above and satisfy the academy condition we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
19
EURGBP ready for the bullish move? 🦐EURGBP on the daily chart is move since April 21 in a descending channel at the bottom of long downtrend. A few attempts to break above the upper trendline has always failed and same we can say for the lower one. Recently the price reached an important monthly support and start to consolidate exactly over the lower trendline. In this case a pullback to the upside can be expected and IF the market will break above the resitance at the 0.83800 level we can set a nice long order according to the Plancton Academy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
CADCHF is testing a resistance 🦐CADCHF after the attempt to break the strong support area is now moving upwards. The price is testing a resistance area and according to Plancton's strategy IF the market will break and satisfy the ACADEMY rules we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
22
USDCAD on a bear flag? 🦐USDCAD on the 4h chart is moving in an ascending channel. The price bounced over the lower dynamic support and according to Plancton's strategy IF the price will break below and satisfy the ACADEMY rules we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
10