Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.82170). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPSGD 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 (1.82170). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPSGD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which...
GBPSGD on the 4h chart after the triple top is testing the 4h support. The price is trading above the 0.382 Fibonacci level but if the price will break below and satisfy the ACADEMY rules we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
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Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.82290). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPSGD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.82290). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPSGD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
This has come to a big monthly supply level that it has rejected from 5 times already. Need to watch closely for a turn lower to short this to the support level that aligns with 0.5 Fibonacci as TP. SL just above the high once price turns lower.
GBPSGD on the 4h chart broke above the weekly resistance. The price retest the support and now move into a range between 2 structure. IF the market will break 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...
GBPSGD on the 4h chart broke above the weekly resistance. The price retest the support and now move into a range between 2 structure. IF the market will break 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...
Seeing a reverse on GBPSGD let's see what happens :)
After the break and retest oof the discending channel between the blue trendline the market has created a strong impulse to the upside. Price on the 4h chart retraced creating a Bull Flag between the yellow trendline.+ According with PLnacton's strategy we can set a nice long order. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please...
Welcome back! It's been a while, anywho here's why GBPSD might just drop for 410 pips.
Pattern: Channel Down. Signal: Buy as the Channel Down broke upwards. Target: 1.77400 and 1.7800 (the two Resistance levels) ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Possible new down trend if 0.236 retracement level is broken. Retracement to 0.618 line likely. TP1 1.73152 TP2 1.72717 TP3 1.72283 SL 1.74650 Any feedback welcome.
Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.7190 to 1.7070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. . Beginning of entry zone (1.7190) . Ending of entry zone (1.7070) Midterm forecast: While the price is above the support...
Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (1.7190 to 1.7070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. . Beginning of entry zone (1.7190) . Ending of entry zone (1.7070) Midterm forecast: While the price is above the support 1.7070,...