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ADAUSDT is creating a descending channelThe price had a breakout from the descending channel and got a rejection from the weekly resistance on the 1.19$. On the 4h timeframe the price is creating a descending channel on the 0.786 Fibonacci level below the monthly resistance. How to approach? The price needs to have a breakout from the channel and monthly resistance, and flip it into new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
16
KCSUSDT is creating a descending channelThe price is creating an ascending channel on the daily timeframe below the weekly resistance after the price got liquidity as I told you in my previous idea on 0.886 Fibonacci level On 4h timeframe, the price is creating a descending channel and now the market is testing the 20$ resistance How to approach? the price needs to have a clear breakout from these structures with volumes and momentum, the market created a strong resistance on 21.2. So if the price is going to have a breakout from the descending channel, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
IOSTUSDT is creating a descending channelThe price is testing the 0.786 Fibonacci level on the daily timeframe on the weekly support (0,028$) On the 4h timeframe the price is creating the main descending channel and the market is creating a channel within it. How to approach? The price could retest again the 4h demain on 0.027 if the price is going to lose the dynamic support. According to Plancton's strategy , we can set a nice order The scenario is invalidated if the price is going to have a breakout above the monthly resistance (0.32$) ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
11
XRPUSDT is creating a descending channelThe price got a rejection from the daily resistance on 0.9$ after a breakout from the daily descending channel. The price lost the weekly support as well on 0.75$ On 4h Timeframe the price is creating a descending channel below the key level and the market is testing the 0.618 Fibonacci level How to approach? We are monitoring the price action if the price is going to have a breakout from the descending channel and the weekly resistance According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
USDZAR 15.13150 + 0.09 % SHORT IDEA * CONTINUATION PATTERNS CONTHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the TOP of this structure creating a double top after some strong bullish rally. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum on the 4h chart this.. - Looking for short entries on the THE DOLLAR ZAR this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
SOLUSDT is creating a descending channel The price is creating a descending channel on the daily timeframe. We can see two false breakout. Not the price is creating a consolidation above the daily support and dynamic resistance How to approach? IF the price is going to have a breakout from the daily dynamic resistance and weekly resistance (120$) According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
26
KCSUSDT is trying to have a breakoutThe market had a breakout from the weekly resistance and retested as new support on the 0.786 Fibonacci level, and the price respected the dynamic weekly resistance. On the daily timeframe the price is creating a descending channel on the weekly structures, and the price is trying to have a breakout from the descending channel and daily resistance. On the 4 Timeframe, the price is creating an ascending channel inside the main descending channel. How to approach? IF the price is going to have a breakout from the daily and descending resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
UPDATE 2.0 - GBPCHF - CONT or BREAK-OUT Good Evening people… The new Trading week is upon us and with this I would like to revisit the Technical Analysis of the GBPCHF The initial post was 10 days ago and the market had progressed slightly towards our target zone for a potential trade set-up [For the initial Technical Analysis follow the link below ] Moving on to the progression of the chart and further Technical Analysis  Previously, Top-Down Analysis of the Monthly & Weekly were provided. Both timeframes remain pretty much identical - Other than the previously identified Pin-Bar  Now, I did predict that this particular Pin-Bar may just return to the 1.235 Support , which is also a 61 FIB zone for the previous Low [ 1.299 ] With, the Pin-Bar being the a new Higher-High in theory Furthermore, I did mention that Price would bounce off this level - And, It did precisely that! Additionally, This bounce closed back above a newly marked out Horizontal S&R Which brings us to the Daily TF… On the Daily - We can see that our previously marked out Descending Channel is still intact Furthermore, you can see the additional Horizontal S&R I marked out This has been closing out on a daily basis at the back end of last week Moving Down to the H4 … We can see that the market did Break-Out of the Support of the previously marked out Ascending Channel Following this Break-Out - Price bounced off the 1.235 Support and has been in a strong trend for the majority of last week This being our originally predicted zone of Confluence  and target for potential trade set-ups As I previously mentioned - This is an abundance of Confluence Being a meeting of the  H4 Ascending Channel Support Resistance of the Daily Descending Channel and Horizontal Resistance  [ Beautiful, right? ]  With this in mind, I am still looking for the following… At this  1.2599 Confluence - A Break-out  with a Daily Close before any long positions can be considered  Alternatively, any type of  Bearish Price Action CS or simply rejections would have to be considered as  Shorts  Also, I will be monitoring both the H4 and Daily TFs - As, they both currently seem to be respected at the levels on these TFs [ I am expecting this to alter though ] Although, on the H4 - After the Break-Out , Price reached the Support within 10 sessions But, has taken considerably more and still moving to reach the new Resistance of the Ascending Channel This personally being a chart pattern that is preferred to a similar period of sessions for returning to the new S&R after a Break-Out Finally, We do have a Monthly close upon us this week - Such a close my provide us with further clues as to the future movement of the market If anyone is following the original GBPCHF Technical Analysis - I hope this has provided an alternative insight to the chart Thanks for tuning in people & Stay Cool!
by fxhole_
UPDATE 3.0 - GBPCHF - CONT or BREAK-OUT UPDATE 3.0 GBPCHF Hope everyone has a good weekend... Today, I will be kicking off with a revisit to the GBPCHF As you guys may be aware - I have previously provided Technical Analysis for this currency and have been watching for the best part of the last 3 weeks You can find the previous analysis at both the links below… ... So, within the previous analysis - I discussed how the market was progressing upwards 
Furthermore, the Descending Channel that I originally marked out on the Daily TF is still intact And, with Price still pushing up to the Resistance Additionally and on the H4 - I marked out and Ascending Channel with a Break-Out to the downside And, over the trading week - The market continued to be bullish and retest the support of this channel. Although, after testing this support - Price did fall slightly and pushed up again for a further test. For me personally it was not at the confluence I was looking for to short the market Following this, a further Ascending channel was identified This providing similar confluence at the previously identified level of 1.252
 So and again people - We are looking for the reaction at the 1.252 level of confluence. Currently, I am on the side of sells - but, who knows, right? Any for of Price Action in. for the a CS would be sells Alternatively, a close above the 1.252 resistance zone I would consider Buys As always - thanks for tuning in people Keep it real!
by fxhole_
EURUSD - WEEKLY-TEST TREND @1.118 [PIN] It is early morning now - And, I have been looking at the USDs Everyone loves a USD trade - Surely, the EURUSD is the most traded, right? After reviewing my EURUSD chart - I found this... And, the Monthly, as always.... A Bearish Trendline in place since 2008 The Break-Out & a quick retest happened @the back-end of 2020 Any Buyers on the lower timeframes will have profited from this - Hope you was one? Either way - The market pushed up, but the last several months has proceeded to drop ... ... Current Day - The aforementioned Trendline is still in place and the market tested this again in November Closing out the month of December with a Bullish Pin-Bar And now - The Weekly Timeframe - It pretty much matches the Monthly and the aforementioned Analysis This makes life a whole lot easier ... .... Let's visit the Daily ... Identifying a Descending Wedge - But, its a tight affair We have a Range of about 300 pips - But, them CS' are looking averagely sized ... ... Personally, A break above the 1.149 Resistance would present Buy Opportunities If you are a risky trader - Have a look at the H4 for an early entry for a Buy - Bearish Trendline @Resistance ... Alternatively, The shorts may be found below - With a close below the 1.118 and a re-test of the confluence of this level - ah? Lets see people... Either way - Its on the radar If you have taken your time to review my Technical Analysis - I praise you!
by fxhole_