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382 Fibonacci Retracement

CHFJPY looking up 🦐CHFJPY on the 4h chart after the long bullish impulse started a retracement. The market bounced exactly over a daily support at the 0.382 Fibonacci level and consolidate below a string descending trendline. According to Plancton's strategy if the conditions will be satisfied 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
26
NZDCHF test the 0.382 🦐NZDCHF after the attempt to break below the weekly support started an impulse to the upside. The market tested the descending trendline of the channel and consolidate over the 0.382 Fibonacci level. According to Plancton's strategy if the conditions will be satisfied 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
10
EURCHF a bounce at the 0.5 Fib 🦐EURCHF on the daily chart after the last strong bullish impulse started a slow retracement move. The market tested the support between the 0.5 and the 0.382 Fibonacci level and close the week below a resistance zone. According to Plancton's strategy if the price will break above 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
2
NZDCHF test the 0.382 🦐NZDCHF after the attempt to break below the weekly support started an impulse to the upside. The market tested the descending trendline of the channel and consolidate over the 0.382 Fibonacci level. According to Plancton's strategy if the conditions will be satisfied 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
2
EURGBP retesting the resistance 🦐EURGBP after the attempt to break the monthly resistance melted below. The market went below the support area at the 0.86450 and currently retesting the 0.382 Fibonacci level. According to Plancton's strategy if the conditions will be satisfied 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
2
Gold a bounce at the 0.382 🦐GOLD after the last impulse retraced exactly at the 0.382 Fibonacci level. The market from there started a new impulse and now testing the previous highs. According to Plancton's strategy if the market will break above and the conditions will be satisfied 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
OANDA:XAUUSDLong
by InkyGrip
2
CHFJPY looking up 🦐CHFJPY on the 4h chart after the long bullish impulse started a retracement. The market bounced exactly over a daily support at the 0.382 Fibonacci level and consolidate below the resistance. According to Plancton's strategy if the conditions will be satisfied 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
10
CHFJPY bounce at the 0.382 🦐CHFJPY on the 4h chart after the long bullish impulse started a retracement. The market bounced exactly over a daily support at the 0.382 Fibonacci level. According to Plancton's strategy if the conditions will be satisfied 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
4
USDZAR testing the structure 🦐USDZAR on the 4h chart is testing the support area after the test of the 0.382 Fibonacci level. According to Plancton's strategy if the price will break below 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
6
ETHUSDT moving higher and higher 🦐After the test of the previous high ETH retraced until the 0.382 Fibonacci level. The market is now testing the resistance at ath and according to Plancton's strategy if the conditions will be satisfied 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
4
GBPNZD looking for the 1.99 🦐GBPNZD after the last impulse is moving around the structure at the a.96500 area. The market after a retracement over the 0.382 level is now breaking above the resistance. If the market will close above we can set a nice long order according to Plancton's strategy. ----- 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
EURCHF can reach the 1.13 🦐EURCHF on the weekly chart broke the descending channel and now testing the resistance at the 0.382 Fibonacci level. The price is moving now in an ascending channel and the price is testing the upper trendline at a confluence with the resistance structure IF the market will break above we can expect a bullish move until the 1.13 area. -–– 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
7
GBPJPY bounces at the 0.382 🦐GBPJPY after the rejection of the weekly resistance retraced at the 0.382 Fibonacci level. The price ends the retracement over the ascending trendline and now testing again the previous structure. According to Plancton's strategy if the market will break above we can 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
2
NZDCHF test the 0.382 🦐After our last analysis, NZDCHF moved lower due to a monthly trendline rejection, found a bottom and currently is retracing for a test of the 0.382 level. The market found the resistance over a previous support area and according to PLancton's strategy if the price will break below 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
6
CHFJPY an inversion at the 0.382 🦐CHFJPY after the sharp rejection by the 118 level moved into a bearish impulse until the 116 area. The market has been moving into a wide range and looks for a direction. Now the price is testing the 0.382 of the previous impulse and according to Plancton's strategy if the price will break below we can 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
6
USDCHF bounce at the 0.382 🦐USDCHF after our last analysis bounced at the 0.382 Fibonacci level. The market that is moving inside a bull flag is now looking up. According to Plancton's strategy if the price will break above we can 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
EURNZD a perfect long opportunity 🦐EURNZD after the lower low over the weekly support at 1.63500 has moved in a range below a weekly resistance and the 0.382 Fibonacci level. The price last Friday attempted to break above and according to Plancton's strategy, if the market will break above, we can 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
6
GBPCAD will break the 1.73 🦐GBPCAD on the 4h chart bounce on the support at the 1.73 area and retrace exactly over the 0.382 Fibonacci level. According to Plancton's strategy if the price will break below we can 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
2
SP500 fore new ATH ? 🦐SP500 after the long bull run until the recent all time highs retraced between the 0.382 and the 0.5 Fibonacci levels. The market from there started a new impulse and now is close to the previous highs. According to Plancton' s strategy if the market will break above we can 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.
OANDA:SPX500USDLong
by InkyGrip
8
AUDJPY on a bull flag 🦐AUDJPY after the recent highs retraced until the 0.618 Fibonacci level. The market from there started a new impulse until the weekly resistance. Currently, the price is consolidating below a minor resistance inside a bull flag and is attempting to break above. According to Plancton's strategy, if the price will break above, we can 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
2
UKOIL for new recent highs 🦐UKOIL after our last idea reached new recent highs and started a retracement move. The market touched the 0.382 Fibonacci level and create a range between 2 structures. According to Plancton's strategy if the market will break above we can set a nice long order opportunity. --–– 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
TVC:UKOILLong
by InkyGrip
Medium term view of USDCAD to the upside Last weekend, I was projecting an upside move for USDCAD (linked below). If the bottom of the right shoulder was caught, then that trade is still valid for potentially 300 pips. Unfortunately I missed that entry. This weekend, I zoomed out and forcasting a larger move from the daily & monthly point of view. Although USDCAD is consolidating within a descending wedge, my idea assumes that it will break out of it. According to my analysis, I am expecting a breakout to complete the smaller inverted H&S pattern. And then a retest of the support level to create the right shoulder of the larger inverted H&S pattern. Thereafter, the sellers will tire out once again and then a strong push to the upside to complete the pattern(s) and retrace to the .382 fib. The idea has extra confluence as the structure is supported by a monthly bullish structure. As well as the strengthening USD, which will heavily influence this idea. But one more concern is that I am also expecting Oil to gain strength and if that happens, it could also impact the result of this idea. If this idea plays out, there will be multiple opportunities to profit off this move. The one I am currently looking for, is the upward move to complete the smaller right shoulder (linked below). Although it won't initially reach the target, it can still provide 200 pips. From here, there is the possibility to look for the downside move (but it is more risky as it may not happen and at this point and you will be trading against the trend). Thereafter I will look for a retest back to the support level that creates the larger right shoulder for the next big push up. This will be the more interesting move as it can provde from 380 pips to 650 pips. A quick reminder, only enter after confirmation that will allow you to break even if the trade goes against you. And price action is key and the most important thing to follow as things can change at any moment. Let me know your thoughts. Trade Safe! HEET ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Long
by AfterlifeTrading
4
OIL bounce over the 0.382 🦐OIL after the recent highs retraced over the 0.382 Fibonacci level. The price moved inside a bull flag and created a second bottom over the support area. According to Plancton's strategy if the market will break above we can 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.
TVC:USOILLong
by InkyGrip
6