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618 Fibonacci Retracement

NASDAQ a double bottom over the 0.618 🦐NASDAQ on the 4h chart after the new highs at 12650 created a bearish move. The price got pushed below a daily structure and hit exactly twice the 0.618 fib level before starting a move between the 0.5 and the 0.382. IF the price will break and close above the upper structure we will 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
OANDA:NAS100USDLong
by InkyGrip
28
EURCHF bounces at the 0.618 🦐EURCHF after the recent highs started a bearish move until the 1.07400 area. The market bounces exactly over the support at the 0.618 and now testing the 0.5 level. IF the price will break and 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
EURZAR on a double bottom 🦐EURZAR on the 4 h chart created a double bottom over a weekly support structure at 18.05000. The price then bounced and created a nice bullish impulse. IF the market will break and close above the resistance structure we will 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
14
GBPCHF | perspective for the new weekHopes of Brexit deal wanes again; GBPCHF sinking back towards lows as it finds a haven for selling pressure around Fr1.20300. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic (AB = CD) Observation: i. Since completion of Double Top pattern in late Nov. 2020, price continues to risk further decline. ii. Previous safe haven for Buyers was finally broken last week as price tested Fr1.19100 before making a corrective move. iii. As price touches 50% retracement of AB leg, a possible Harmonic pattern AB = CD appears to metamorphosize in the coming week(s). iv. AB = CD pattern shall guide me through the path price action takes in the coming week. ii. ABCD pattern parameters explained below; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 50% currently (with a possible 61.8 or 78.6% in the future)Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
UK100 over a daily support 🦐UK100 on the daily chart after the huge drop due to the Coronavirus started a retracement move. The market after hitting the 6500 level starts to move in a descending channel until exactly the 0.618 fib retracement where it created a new impulse until the 6500 level again, over a daily support. IF the price will break below the 6350 level we can wait until the next inversion for a nice long order, if the price instead will break and close above the 6500 structure we will set a buying 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. Leave a comment that is helpful or encouraging. Let's master the markets together
OANDA:UK100GBPLong
by InkyGrip
3
EURGBP bounces over the 0.618 🦐EURGBP on the daily chart after touching the 0.92600 area at the monthly resistance started a long retracement until the weekly support at 0.88900. The price bounce exactly over the weekly structure that corresponds to the 0.618 Fibonacci level of the previous bullish leg and from there created a nice impulse. IF the price during next week will break the resistance area at 0.89900 and consequently breaks the descending channel, we will 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
GBPAUD testing the channel 🦐GBPAUD on the 4h chart is testing the lower trendline of the channel. The market after moving until the 0.618 Fibonacci retracement of the previous bearish leg couldn't create new highs and move back to the daily support area at 1.81200. IF the price will break below the structure and consequently break the channel we will set a nice short 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.
Short
by InkyGrip
9
EURJPY testing a weekly resistance 🦐EURJPY on the 4h chart after the bullish leg created a nice retracement move until exactly the 0.618 fibonacci level. The price created a double bottom over it and tested the 0.5 at a 4h resistance zone before moving up to the weekly resistance structure at the 0.382 fib level. IF the price will break and close above the weekly resistance area 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
4
GOLD on the 0.618 weekly fibo 🦐GOLD after our last analysis, on the 4 h chart, reaches exactly the 0.618 of the weekly Fibonacci bullish leg over an ascending channel. The price hit daily support after breaking the weekly support at 1860 and now can look for retracements. IF the price will look for one of the fib levels, retest the weekly resistance and turn into a bearish scenario again we will set a nice short order. If the price instead will break again above it we will monitor the price for a nice long position 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
OANDA:XAUUSD
by InkyGrip
2
EURGBP Monthly/Weekly/Daily analysis 🦐Full video analysis of EURGBP --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
by InkyGrip
4
SP500 at the historical highs 🦐SP500 is at the historical high and currently broke and retest the 3445 previous weekly resistance now turned support. After the last bullish impulse, the price never retraced back even to the 0.382. We can notice from the chart how the 0.5 and 0.618 levels were already important levels in the market. IF the price will break below the weekly support and consequently break the ema we will look for a test of the 0.5 or possibly of the 0.618 and from there we will wait for a sign of inversion for new bullish opportunities.- ––––– 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:SPX500USD
by InkyGrip
4
CADJPY looking for the 0.786 🦐CADJPY after the attempt to break above the weekly resistance structure at the 81 area created a descending leg. The price bounces over the 0.618 fib retracement at 79.650 before moving to the 0.786 level at the daily support. IF the price will bounce over the 79 area and give us a sign of inversion we will set a nice long order according to Plancotnbs' 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
by InkyGrip
4
NASDAQ at the top of the channel 🦐NASDAQ on the daily chart is testing the top of the descending channel. The price on the 4h chart created a double top inside a minor ascending channel and currently testing the 0.618 Fibonacci retracement of the previous bearish leg. IF the market will break and close below the support structure and consequently break the channel, we will set a nice short 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
OANDA:NAS100USDShort
by InkyGrip
7
CADJPY bounces over the 0.618 🦐CADJPY on the daily chart is close to a weekly resistance. The price after an attempt to break above retraced until the 0.618 fib level and now testing the 0.5. IF the price will break and close above the structure at the 80 level 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
GBPJPY bounces at the 0.618 🦐GBPJPY on the 4h chart after creating a very nice bullish impulse retraced back. The price touches exactly the 0.618 of the previous bearish leg and now testing the resistance area at the 0.5. IF the price will break and close above the structure we will 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
2
GBPAUD testing a 4h resistance 🦐GBPAUD on the daily chart is moving inside an ascending channel. The market after touching the lower trendline attempt to break below and got rejected started a new impulse. Price retraced back until the 0.618 inside a descending channel and now look for the break of it. IF the price will break and close above the minor resistance area, we will 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
12
AUDCAD on the break of a daily resistance🦐AUDCAD on the daily chart broke and retest the descending channel and now testing the daily resistance area. on the 4hchart the market after the last impulse retraced until the 0.618 over a daily support at 0.96400. IF the price will break and close above we will 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
CADJPY bounce at the 0.618 🦐CADJPY on the daily chart broke the ascending channel. The market went for the test of the weekly support at 78.300 before testing the 0.618 of the previous leg at the retest of the channels trendline. IF the price will break below the 4h support, we will set a nice short 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Short
by InkyGrip
2
AUDNZD: Bearish Pullback R/R 2.34 Analysis of #AUDNZD Welcome back Traders, Investors and Community. Please help us support this idea by hitting the LIKE button if you have found this useful. Follow me if you would receive daily Ideas and Updates. I'll appreciate it. *** Strategy: Pullback on 61.8 Fibo with the continuation of the bearish channel. R/R 2.34 with Stop at 88.60 or R/R 1.65 with a stop at 100. - A clear chart is always the best business card for any trader. *** - The information given is not Financial Advice. I really appreciate your support and feedback Thank you for your time. Regards, Walter
Short
by FOREXN1