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EURCHF a turn at the 0.5 Fib 🦐EURCHF on the 4h chart after the test of the 1.05 level retraced at the 0.5 Fibonacci level. The market, after a few tests of the support area can start a new impulse and is now trading above a weekly resistance. How can I approach this scenario? I will wait for the EU market open and check for a possible break above to set a nice long order according to the 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.
Long
by InkyGrip
2
23.5K and then 21KMorning folks, Those who read our weekly reports on FPA site on fundamental analysis of the US economy probably are not surprised with the BTC collapse. As BTC as the stock market are doomed. We expect 2500 level on S&P on mid-term perspective with further drop below 2000 in longer-term, which means that our long term targets on BTC is 12K and 8K... Now BTC is challenging the last bullish outpost around 25-26K. This is last 5/8 all time Fib support on BTC. Lower is just a "free" space. Thus, currently we intend to go from one tactical target to another and control oversold levels. Now daily oversold level is ~21K. Potentially market could reach two extensions. First one is 1.27 and it stands at 23.5K, next one is 1.618 - 21K, that is very close to daily oversold. This is the program until Thursday, guys. If Fed rise rate for 0.75 - downside action should accelerate. Intraday upside retracement should not be too strong. At first glance, it seems that 26.2K and 27-27.4K are two levels that worthy of our attention, where we could consider short entry. Obviously we consider no new long positions.
COINBASE:BTCUSD
by Sive-Morten
2
GOLD is moving higher? 🦐XAUUSD on the 4h chart reached as expected the 1870 level and is now testing a daily support. The market after the break of the structure seems to have enough strength to move to the next structure around the 1890 area. How can we approach this scenario? I will wait for the EU market open and check for a possible break of the resistance area . In that case, i will search for a new entry point according to the Plancton's strategy rules for a nice risk-reward trade. --–– 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
2
BTC might see 50k levels in near futureI know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line. One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current levels are avg price for the most big players when the price ends up really going to 50k I can't speak on time required for this but I estimate at least 4-5 months.
COINBASE:BTCUSDLong
by Pratik_4Clover
EURJPY for new recent highs - UPDATE - 🦐EURJPY on the daily chart is looking for a new all-time high. The market after the retracement into a descending channel tested the 0.5 Fibonacci level and broke above the daily resistance as expected. How can i approach this scenario? I will wait for the EU market open to look for a retest of the support area and set a nice long order according to the Plancton's Academy rules. Being Friday might be risky to open a trade and waiting for the next week can be safer. --–– 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
No inspiration to buyMorning folks, Price performance looks nervous in recent few sessions. Based on what I see on intraday chart, it seems that BTC is trying to break down the 29.65-29.67 K support area that we've discussed previously. Because it doesn't look like upward reversal. On daily chart we have bearish wedge consolidation and uncompleted weekly 25.9K target. Yes, lower CPI numbers could provide short-term momentum and let BTC to complete our 34-34.4K upside target. But this is different type of trading. You could try to bet on CPI numbers, if you want. Purely technical price action makes me to stay aside from long positions by far. Here I even do not consider our long term fundamental view, that is bearish.
COINBASE:BTCUSD
by Sive-Morten
EURUSD - CURRENT SENTIMENT ANALYSE , DXY - DXY is currently at 102.623 LEVEL. Also the EUR FEATURE stays at 1.0687 LEVEL. The EURUSD PRICE is currently among the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little before BUY. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently showing a NEUTRAL BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is a NEUTRAL RISK TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be slightly RANGE in the future. Also JPY CHF can be UP. - The EURUSD PRICE may be slightly up to 1.0911 LEVEL. Maybe a change from the USD HIGH VOLATILE EVENTS coming up in the coming days. So stay tuned. If you STRUCTURE BREAK the DOWN SIDE, you can DOWN the EURUSD 1.0314 LEVEL.
by benny_marshall
$34.10K ?Morning guys, This update is better to watch together with the previous one. So, our topic is next BTC target - 34.10K. How do you think, whether it will reach it? I hope so. At least the start of the week looks inspiring. In fact, last week Fed has added to financial system around $140 Bln (check the cash account of US Treasury), and this has let market to find the local bottom. Last time, when market just has reached support area, we said - it could bounce, but we do not see yet the signs of upside reversal. Now we see that support level is valid and price is bouncing up with signs of thrust. Although theoretical chances exist that we could get deeper AB=CD shape retracement down to 28K area, but we treat this chance as not very significant. With current performance we do not consider any bearish positions by far. Second - we should not get any deep retracements, as it already is done last week, and now by our view BTC stands in extension leg to the next target. It means that the most probable levels that could be reached and you could consider for long entry are 30.40-30.50K and 30.80K. Drop back to the 28 K area will not totally destroy upside chances, but makes context weaker. Because in this case we get too deep retracement after reaching of just minor target last week. Besides, in this case market erases current rally...
COINBASE:BTCUSD
by Sive-Morten
can gold show significant bounce playrecently gold futures has reversed around a key level after a terminal thrust and distribution that ultimately left it back where the weekly reversal took off from a higher low. it has reversed sinking daily vwma and trama and crossed above them while finding support at those levels. what is needed now heading toward positive macd is rising trama and staying above vwma. this may lead to a bounce to anchored vwap that has been flattening out around the 1900 level.
COMEX:GC1!Long
by cerealpatterns
GBP/CHF SHORT MOMENTUM SIGNAL BASED ON EDGER TRADING SYSTEMThis is the position based on Edger trading system on daily time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. ENTRY : 1.20222 STOP LOSS : 1.21395 TAKE PROFIT 25% : 1.19929 TAKE PROFIT 50% : 1.19636 TAKE PROFIT 75% : 1.19342 TAKE PROFIT 100% : 1.19049 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Short
by theEdger
Common tendencyMorning folks, So, BTC has hit our first 0.618 upside extension and shows 3/8 pullback, which is normal. Downside action looks a bit strong and BTC now shows no signs of upside reversal. But we see two factors that could let BTC to keep going with the upside AB=CD pattern. First is cross-market analysis. On 10year yield we have clear H&S pattern, on FX, Gold market price action shows signs of recovery and possible more extended upside action. Thus, we hope that maybe BTC follows with the common tendency, at least at some degree. Second is, strong K-support area. Thus, in current circumstances, despite that our long term view is bearish, right now we do not consider new shorts positions by far. For long entry you have two options - either to take position right now, relying on strong support and other markets performance. Alternatively wait for first upside reaction before position taking.
COINBASE:BTCUSD
by Sive-Morten
EURJPY for a new high? 🦐EURJPY on the daily chart is looking for a new all time high. The market after the retracement into a descending channel tested the 0.5 Fibonacci level and is now moving to the daily resistance. How can i approach this scenario? I will wait for the break of the area and in that case i will move on the 4h timeframe to set a nice kong order according to the 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.
Long
by InkyGrip
3
EURGBP a long opportunity 🦐EURGBP on the 4h chart is trading at the weekly resistance area. The price after the test of the 0.618 level moved to the 0.5 area and is now trading below the 0.382 Fibonacci level. How can i approach this scenario? I will wait for the break above the structure and in that case, i will look for a possible long entry 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. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
30
EURUSD can retrace to the upside? 🦐EURUSD after the long downtrend move reached and attempt to break the monthly support at the 1.04 level. The price tested a few times the structure and a retracement move to the upside is possible. How can i approach this scenario? I will wait for the break above the daily resistance and in that case, i will look for a nice long order 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. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8