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GBPJPY possible scenario 🦐The price of GBP/JPY has broken through a significant resistance level at 160.000 as expected from our previous idea, indicating a bullish momentum in the market. The breakout suggests that the buyers have taken control of the market, and the price is likely to continue moving higher. After the breakout, the price has moved to the next significant structure zone at the 162.000 level. This level has acted as a resistance level in the past, and it is likely to act as a support level for the price in the future. After reaching the 162.000 level, the price retraced to the 0.786 Fibonacci level. This is a significant retracement level and suggests that the buyers are still in control of the market. If the price holds above this level, it is likely to continue moving higher. If the price breaks above the structure at the 162.000 level, it may present a long-order opportunity for traders according to the MTB Plancton's strategy rules. A break above this level would confirm the bullish momentum in the market and suggest that the price is likely to continue moving higher. However, traders should wait for a confirmation before entering a long position to avoid false breakouts.
by InkyGrip
4
GOLD on a lower low move? 🦐After our previous ideas (Link below) Gold creates a series of lower lowe lower high move and deliver since our first idea a 5% move in our favour. Until there will be no sign of inversion on the 4h and the 1d timeframe our bias remains bearish therefore we will be looking for potential retrtacent to provide us a new entry or a possible break of the support to confirm the current bias. The price is currently testing the daily structure at the 1810 and a break of it will be a key factor for many byu stops, that could drive price lower and we ll be ready to take the new short opportunity according to the Plancton's strategy rules.
OANDA:XAUUSD
by InkyGrip
10
EURCAD 1.445 key level 🦐EURCAD is exhibiting a bearish technical pattern on the 4-hour chart. The triple top pattern suggests that the price has reached a resistance level that it cannot break through, and the subsequent drop to the 1.42500 support area reinforces this idea. Moreover, the fact that the 1.44500 level is acting as resistance after being support in the past indicates a shift in market sentiment, which further supports a bearish outlook. Additionally, the price is currently testing the 0.786 Fibonacci retracement level, which is a key level for many traders. If the market breaks below the 0.5 Fibonacci support level, it is likely that we will see a continuation of the bearish trend, and it may be a good opportunity to enter a short position. A potential target for the short trade could be the support level at 1.42500. Overall, the technical analysis suggests a bearish outlook for EURCAD on the 4-hour chart, and traders should consider the possibility of entering a short position if the market breaks below the 0.5 Fibonacci retracement level. However, as with any trading decision, it is important to wait for the condition of the MTB Plancton's strategy to be satisfied.
by InkyGrip
10
USDCHF looking up 🦐USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel . After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone . If the market is able to successfully break above the structure, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher. In this scenario, a trader could enter a longg order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
by InkyGrip
6
XAUUSD to the 1820 🦐GOLD after our previous idea created a series of lower lows as expected. The market broke below the ascending trendline and the daily support and is now heading to the 1820 support area. We will monitor the market around that level to check if there will be an opportunity of a bounce or add more shorts if the market will break below --–– 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:XAUUSD
by InkyGrip
4
EURUSD can move lower? 🦐The EUR/USD pair has been exhibiting a downward trend for some time now, and the recent price action appears to be forming a potential selling opportunity. From a technical analysis perspective, it seems that the price has tested and respected a key level at the 0.382 Fibonacci retracement level, which is located below a significant daily resistance level. Although the market experienced a spike recently and the price moved above this level, it is currently trading above a 4-hour support level. If the price breaks below this support level, it could signal a shift in momentum and indicate that the market may be ready to continue its downward trend. As traders, we can look for a potential selling opportunity basted on the MTB Plancton strategy if the price continues to move lower and breaks below the support level. One possible strategy could be to wait for the price to confirm a break below the support level and then look for the strategy trigger. Traders may look to take profits at the strategy target, which according to Plancton's strategy could be the 0.618 Fibonacci retracement level or the previous low. It's important to remember that technical analysis is just one part of trading, and it's essential to keep an eye on other market developments that could impact the price movement of the EUR/USD pair. For example, traders may want to keep an eye on upcoming economic news releases, as they can have a significant impact on the currency markets. In conclusion, based on your technical analysis idea, the EUR/USD pair appears to be exhibiting a potential selling opportunity if the price breaks below the 4-hour support level. However, it's important to practice proper risk management and have a solid trading plan in place before executing any trades.
by InkyGrip
7
USDJPY can make new impulse? 🦐USDJPY on the 4h chart after the previous idea broke and retest the resistance level as expected. The price also broke the descending trendline creating a potential long setup opportunity. How can i approach this scenario? IF the price will break the minor resistance level we can consider a buying setup according to the Plancton's strategy 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.
by InkyGrip
6
EURAUD on a resistance test 🦐On the 4-hour chart of EURAUD, we can see that the price has been in a descending trend until it tested the weekly support level. After hitting this level, the price started to move in a potential bullish direction with a series of equal highs and higher lows. This is a good sign of a potential trend reversal. The price is currently trading below the resistance level at 1.56200, which has acted as a strong barrier for the past few days. If the price manages to break above this resistance level, it could be a signal of a potential long order. The next resistance level to watch out for would be around 1.57000. Therefore, based on the current price action and technical analysis, we can consider a long order if the price breaks above the resistance level at 1.5620o and the MTB strategy will be satisfied. However, it's important to keep an eye on the price action and adjust the trading strategy accordingly as the market can be unpredictable.
by InkyGrip
EURJPY a buy opportunity 🦐EUR/JPY after breaking above the daily resistance and reaching the 143.500 resistance level has tested the 0.5 Fibonacci level and retested the resistance level, a potential strategy would be to wait for a break above the resistance level to confirm the bullish momentum. Once the price breaks above the resistance level, the trader could set a long order with a stop loss according to the MTB strategy. The target profit level could be set at the next major resistance level or a round number level such as 145.00. Alternatively, the trader could use a trailing stop to capture as much profit as possible as the price continues to move higher. It is important to note that technical analysis is not a guaranteed predictor of future price movements, and traders should always use proper risk management strategies to protect their capital.
by InkyGrip
14
GBPUSD another short opportunity 🦐GBPUSD has recently experienced a drop and retested the 0.5 Fibonacci retracement level, exactly where the last supply area was The price created a spike to grab liquidity at the 0.618 Fibonacci level before dropping lower over a support level. This indicates that there may be some bearish pressure in the market. If the price breaks below the support level, it could indicate a further downward trend in the price of GBPUSD. In this scenario, you may consider opening a short position to take advantage of the potential downtrend according to the Plancton's strategy rules.
by InkyGrip
7
GBPCAD on a lower low move? 🦐GBPCAD pair is currently in a downtrend, with a series of lower lows and lower highs on the 4-hour chart. The market tested a previous higher low and rejected the bulls' attempt, and the price is currently trading above a daily support level after testing a supply zone. The Perice attempted to break a 4-hour resistance level during the last bullish move but was ultimately rejected. This could suggest that the bears are still in control of the market and that the downtrend is likely to continue. However, it's important to keep an eye on the price action and watch for any potential signs of a reversal or a break above the resistance level to confirm a shift in market sentiment. If the price breaks below the structure, it could indicate that bears are still in control, and there may be opportunities for a short order based on Plancton's strategy.
by InkyGrip
6
GBPCHF a short opportunity 🦐The GBPCHF currency pair is currently in a bearish trend on the daily chart, as indicated by the formation of descending highs and equal lows. This price action suggests that there is strong downward momentum and that the bears are in control of the market. Price has been consistently trading below a key support area at 1.11000, which is a critical level for this pair. If the price breaks below this level, it could signal a further decline and open the door for a sell opportunity for traders looking to capitalize on the bearish continuation. In technical analysis, a break below a support area is often seen as a bearish signal, as it indicates that the bears are taking over and pushing the price down. This can also result in a shift in market sentiment, with traders becoming more bearish and potentially leading to further selling pressure. However, it's important to keep in mind that technical analysis is just one tool in the arsenal of a trader and it should always be used in conjunction with other forms of analysis, such as fundamental analysis and risk management. Additionally, it's also important to consider the potential for false breakouts, so traders should use stop losses and have a clear exit strategy in place. We will wait for a clear break and move on the 4h chart to check the opportunity of a short order according to the Plancton's strategy rules.
by InkyGrip
6
EURGBP a long opportunity 🦐EURGBP has recently made a new high and retraced back to the 0.786 Fibonacci level, indicating a potential support level. After bouncing off this level, the price is now heading towards a retest of the 0.89000 level. If the price breaks above this level, it could signal a bullish continuation, and traders may consider a long order based on Plancton's strategy rules. However, it's important to note that there could be potential resistance levels at the 0.89300 and 0.89800 levels, so traders should monitor the price action and use proper risk management techniques when entering a long position. In summary, based on the retracement to the 0.786 Fibonacci level and potential break of the 0.89000 level, traders may consider a long order on EURGBP according to Plancton's strategy rules.
by InkyGrip
2
USDCHF looking up 🦐USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel . After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone. If the market is able to successfully break above the structure, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher. In this scenario, a trader could enter a long order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
by InkyGrip
4
GBPJPY on a liquidity target 🦐The GBPJPY currency pair is currently trading within a range on the 4-hour chart, with a floor of around 156 and a ceiling around 162. The price action is forming higher lows beneath a resistance level with equal highs, indicating a potential breakout in either direction. The presence of liquidity zones above the current price suggests that they could act as a magnet for price movement. If the price manages to break above the current structure, one could potentially apply the MTB Plancton's strategy for a favorable risk-reward trade.
by InkyGrip
12
NASDAQ can move higher? 🦐NASDAQ price has experienced a bullish impulse, retraced to the 0.618 Fibonacci level, and has since moved back up to the 0.382 level therefore we can look for a potential long entry. To do this, we should first identify a key resistance level that has acted as a barrier to price movement in the past. This level should be in close proximity to the current price level, and ideally should be a level that has been tested at least twice before. Once the resistance level has been identified, we can look for a breakout above this level. If the price breaks above the resistance level and continues to rise, it may indicate that there is significant buying pressure in the market. This could provide a good opportunity to enter a long position according to the CPS Plancton's strategy rules.
OANDA:NAS100USD
by InkyGrip
4
SP500 for a new recent high? 🦐The S&P 500 has been in an uptrend, characterized by higher highs and higher lows. This suggests that there is a bullish bias in the market, as buyers are willing to pay higher prices for the index. The index recently experienced a retracement to the 50% Fibonacci level, which is a common technical analysis tool used to identify potential support and resistance levels in the market. Fibonacci retracements are based on the idea that markets tend to move in waves, and that retracements to certain levels (such as the 50% level) can provide potential buying opportunities for traders who believe the trend will continue. Currently, the S&P 500 is trading below a weekly resistance level, which means that there is a barrier to further upside momentum. A resistance level is a price level where sellers tend to become more active, which can lead to a pause or reversal in the uptrend. If the price were to break above the weekly resistance level, it could be seen as a bullish signal that could provide a new opportunity for a long order according to the MTB strategy. In conclusion, it appears that the S&P 500 has been in an uptrend, but is currently facing resistance at a key level. If the price were to break above this level, it could provide a new opportunity for traders to enter long positions. However, it's important to approach the market with caution and always be prepared for unexpected developments that may impact your trades.
OANDA:SPX500USD
by InkyGrip
GOLD on a potential bearish move 🦐Gold has been experiencing a recent drop in price, which saw it test the ascending trend line on a 4-hour chart. After retracing to the 50% Fibonacci level, the market broke below the trend line yesterday and is currently testing a supply area. If the price also breaks this area, it may indicate a bearish continuation, providing a good opportunity for a short order. In technical analysis, the 50% Fibonacci retracement level is considered an important support level, and a break below this level can signal a potential trend reversal. In this case, the recent break below the ascending trend line and testing of the supply area suggest that the trend may be shifting to the downside. However, recently the main trend has been bullish and is always riskier to trade against the main trend specially on the last trading day of the week. In conclusion, while a break below the supply area in the current scenario may indicate a bearish continuation, traders should exercise caution and monitor the market closely to confirm the trend before entering a short order.
OANDA:XAUUSD
by InkyGrip
12
EURUSD bear flag at the 0.382 Fib 🦐The recent drop in the EUR/USD pair seems to have started a retracement, which is a temporary reversal in the direction of a price trend. In this case, the price has reached the 0.382 Fibonacci level, which is a common level of support and resistance used in technical analysis. The presence of an ascending channel, with the price bouncing off the lower trend line, suggests that there is still underlying bullish momentum in the market. However, the formation of a bear flag, with the price consolidating after a drop, can also be seen as a potential reversal pattern. If the price does break below the lower trend line of the ascending channel, according to the Plancton's strategy it could be considered as a bearish signal and a possible opportunity to enter a short position. However, it's important to keep in mind that technical analysis is just one tool in a trader's arsenal and should not be relied upon exclusively.
by InkyGrip
12
SP500 can move higher? 🦐After our previous idea S&P 500 (SPX500) is moving in a series of higher highs and higher lows and tested a Fibonacci 50% retracement. If the price has tested the 0.5 fib level and is currently trading below a daily resistance, a trader may look for a break above the resistance to indicate further bullishness. One strategy could be to place a buy order above the daily resistance with a stop loss according to Plancton's strategy and a take profit at the target point. It's important to keep in mind that incoming news events can potentially change the market scenario, so it's important to regularly monitor the market and adjust your strategy as necessary.
OANDA:SPX500USD
by InkyGrip
8