Dailychart
Fri 1st Oct 2021 XAU/USD (Gold) Daily Forex Chart Buy SetupAnd today's one and only trade setup on the Daily FX charts is Gold, which I would consider higher risk. You can read my thoughts on this setup via the notes on the chart. I'd be keen to leave that previous sell trade on though, which would only be a partial trade now due to a 50% close and a stop adjustment. Just gives you some protection for now. You can always re-assess this position at a later date. Enjoy the weekend all. Cheers.
AUDUSD a move to the next level 🦐AUDUSD on the daily chart ended the retracement move to the upside.
The market is currently trading above the weekly resistance and according to Plancton's strategy if the price will break below we will set a nice short order.
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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
BTC: Bullish and Bearish CaseSummary:
1. On the daily log chart, BTC looks really good in either bullish and bearish scenarios.
2. If bearish, price may touch mid to high 30k before reversal.
3. If bullish, expect the price to go touch the center median line of the green pitchfork.
Overall, BTC looks well positioned long term.
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#LTC, Let's keep an eye on #Litecoin!A quick look at Litecoin (#LTCUSDT, 1D, Binance):
Price is picking above the daily resistance at $179. If LTC price confirms the breakout we could open a long position with a good margin for profit.
If it does not hold, price should find support at $164 and $152.
Strategy
If the breakout holds:
TP1: $226
Alternative TP1: $199, TP2: $226
If you want to read more about Litecoin on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
Bitcoin testing the patience level, what could be next move!!Technical analysis: #bitcoin(daily update)
In daily timeframe, Bitcoin is Forming Another Falling Wedge.
40k Acting As Key Support & $44444 Major Support turned into Resistance.
If Wedge Broken Upside & 44K Resistance got Cleared too, Expecting +40% Bullish Wave towards the 64k.
In Worst Case, If Bitcoin Bullish lost the 40k, Expecting Bearish Wave towards the 30k (Major Support)..
RSI also try to Breakout, if it could happen btc may be take momentum from here.
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CHF/JPY Analysis Swing DownwardsWelcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
*****
In the event that it does not break the Daily trend line, it will head downwards for trend continuation. First target is previous support, 119.35 zone.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
Tue 21st Sep 2021 GBPCHF Daily Forex Chart Sell SetupThis is a tough and you can see my notes on the chart. It is very range bound and price is right at the MAs. If you didn't take it, then that would be quite understandable. I'm actually standing aside on a sell on the GBP/JPY as it is. If you do take the sell, just watch your risk, and if you can, I'd be leaving that partial buy trade on with the stop inside the entry. Cheers.
ETH Daily Time AnalysisBINANCE:ETHUSDT
In the daily time frame you can see a pattern of head and shoulders
It is created if the neckline of the pattern is broken downwards
There is a possibility of falling to the range of 0.618, but if
It can happen that the candlestick at the bottom of the pattern closes
fibonacci &macd & donchain channleThe range 0.75-0.618 is an important range for the fib speed resistance fan that we are in this range.
According to the chart, two scenarios are possible:
1. Price increase until the collision with the line (0.618 fib). If he can close the candle above the donchain channel then this scenario will happen
2. Reduce the price until the collision with the line (0.75fib), which is an important support. This scenario occurs if he can not close the candle above the donchain channel.
As you can see in the macd histogram, the histogram has changed from bold red to a decrease in the strength of the downtrend, so scenario 1 is more likely.
EU headed towards major support EU is coming closer to a major support/ supply zone on the daily chart it has bounced off this support 3 times already. The inversed head and shoulders i posted yesterday still holds as todays daily candle was a big red candle which could push the price farther down breaking the head and shoulders or consolidating here until bullish momentum can push the price back up . Oversold on the 1H, itching closer to oversold on the 4hr and low on the daily chart. We are red on the ema cloud and under the 50 ema which are signs to go short, but considering if we hit the major support i think that could bring a lot of bullish momentum and push up the price before it continues to go down. EU seems to have been moving sideways for some time waiting for a big move. The push to the downside could be the push it needed to start moving in a direction again, or the major support bounce could start a new bullish uptrend. My trading plan is to wait for a clear entry point either at the major support for a buy, or if i start to see bullish momentum in the inversed head and shoulders ill place a buy once i see a green candle above a bullish engulfing candle.
Thu 16th Sep 2021 NZD/CAD Daily Forex Chart: New Sell TradeA new sell trade was identified on the NZD/CAD Daily chart this morning. You can read my notes on the attached screenshot regarding my thoughts on this setup. And I would just tighten up the partial buy trade that is still on to give it some protection. If in a jurisdiction where you can't trade both ways, then I would close the buy and concentrate on the sell only. Cheers.
#REN, Enter now for a potential +34% profit?A quick look at Ren (#RENUSDT, 1D, Binance):
According to CoinMarketCap, "Ren is an open protocol built to provide interoperability and liquidity between different blockchain platforms." The token bounced back nicely at the 200 EMA during last drop and it's on a steady recovery.
Main Points
Following the recent dip, the last two daily candles have brought a +15% increase in price, confirming the $0.63 level as support. I expect price to reach previous resistance at $1.04 for a +34% profit at the time of posting.
If rejected, Fib retracement levels between $0.86 and $0.76 should offer good support. If not, $0.63 should do.
Strategy
TP1: $1.04 (I set a more conservative $1 target)
SL: n/a(*)
Additional Reading
If you want to read more about Ren on CoinMarketCap, click here .
What do you think?
Any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
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Some of my charts represent actual trades, and some are just paper trading. Check them out!
Needless to say, this is not financial advice!
USDJPY on the support break 🦐USDJPY on the daily chart is moving over a weekly support.
The price has tested it a few times and according to Plancton's strategy if the market 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.
EURUSD Inversed Head and Shoulders Daily As you can see in the chart above EURUSD Started forming its first shoulder on July 23, this means if the inversed head and shoulders pattern were to be confirmed and it pushed to the upside that would make it a 2 and a half month long head and shoulders pattern. If EU were to remain heading downward it may end up bouncing off support and form a double bottom. EU is currently right under 50 ema with the last candle being a inversed hammer and red on the EMA cloud.
Please Message me if anyone would like to talk about Currency pairs or Crypto
This idea is just me putting out there another confirmation to remain bullish on EU this is me not in any way trying to tell the future
GBP/JPY Is it going lower?Hi all,
Hope you enjoyed my analysis of #GBPJPY's possible directions
You can support me with your likes.
Also, you can share your opinion with me in the comments
Attention: this isn't financial advice I'm just trying to help people with their own vision.
Have a good day!
@pulasthidinu