EURUSD on the 4h chart is moving inside a descending channel . The market, after testing the 0.786 Fibonacci level, started a new impulse for a test of the upper trendline. 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...
Good morning traders, today we bring you a long-term analysis in EUR/AUD since we consider it at the beginning of an exciting situation. It is possible to make a profit. 🔸On the weekly chart, we see that the price has been in an uptrend for almost 10 years and is currently facing the lower trend line of the channel. 🔸It was consolidating in the area for a few...
Prices are in a general downtrend. A bounce might be expected from horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement . If prices continue to retrace, prices might face resistance from horizontal swing high...
hey the dollar going down down down against these giant EUR and RMB . the rise of Asian currencies also help pushes the dollar lower. when the banks WAKES UP tomorrow finding that the dollar vaults is the WORST PERFORMER ASSET OF THE YEAR they will dump the usd debt papers on the streets and causing the ugliest drop for usd, simply because its hugely...
Following Thursday's meeting the ECB's key interest rate is likely to remain at 0%. Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any...
I SEE ABCD PATTERN, THE PRICE TOUCH FIBONACCI RETRACEMENT OF 61.8 IN A PULLBACK TP: 1.2000 SL: 1.2300
EURUSD - Intraday - We look to Sell at 1.2198 (stop at 1.2218) Bearish divergence is expected to cap gains. Trend line resistance is located at 1.2200. Bespoke resistance is located at 1.2200. We look for a temporary move higher. Broken out of the wedge to the downside. Our profit targets will be 1.2138 and 1.2118 Resistance: 1.2200 / 1.2220 /...
EURUSD on the 4h chart is moving inside a descending channel. The market, after testing the 0.786 Fibonacci level, started a new impulse for a test of the upper trendline. 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...
Just chart analysis to forward test and gain some more understanding and develop my live market phycology.
Pattern: Channel Up on 4H but if 1.22390 doesn't break, a Channel Down may take its place. Signal: (A) Buy if 1.22390 breaks, (B) sell until then as a 4H MA50/MA100 has been formed. Target: (A) 1.23450 (1.618 Fibonacci extension), (B) 1.20900 (Lower Low on the emerging Channel Down and just above the 1D MA50 (yellow trend-line). ** Please support this idea...
EURCHF is trading between a daily support and a weekly resistance. The market after the last bearish impulse retraced at the 0.618 Fibonacci level and then tested the 0.5 before closing the last trading day above the support. According to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣...
EURGBP after the test of the monthly resistance close the week above the support. 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...
Just wait for confirmation. Target one buy: 1.23200 Traget two sell: 1.19600 Don't forget to look the economic calendar. THANK YOU! GOOD LUCK!
If we don’t see any signs of a reversal at the next trend line resistance be patient.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.6860). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURNZD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.6860). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURNZD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which...
Area below yearly CLOSE (Camarilla Pivot - red line from where price rejected with pinbar on Thursday) and especially below yearly Camarilla S1 belongs to the bearish dominance. EUR cracked below S1 for a second time and is likely to stay there. Typically price travels to Camarilla S3 which coincides with yearly pivot - remains untested (price rarely misses yearly...
Here on the yen we have a Bearish ABCD Pattern. Price Rocketed up to the completion point. now we will be keeping an eye out for what the RSI will do we are looking for a test of the 50 line and then return to the extreme. when it does we enter when the RSI is on its way out of the extreme again!