The price is testing the monthly level after a breakout from the daily support. On the 4h timeframe the price lost the dynamic support inside the descending channel. How to approach it? The price could have a pullback until the previous daily support now new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple...
Price dropped nicely to hit the first target in my previous analysis, then rallied up to form a nice head and shoulder pattern. The head and shoulder pattern coupled with double top in H1 suggests a deeper pullback will happen. Expect a small pullback before the drop.
Welcome back! Here's an analysis of this pair! ** Just a quick update on GBPNZD - it rejected at previous monthly highs (2.0050-70) where we expected selling pressure to come in, however we may see the price come back up during NY Session. We recommend not risking more than 2% of your entire account balance and use your risk wisely. Banks may push the price to...
Welcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** GBPNZD is strongly bullish, however, it's approaching previous monthly highs from July and August 2021. Massive selling pressure appeared from the level taking the price from 2.0000 zone to support at 9813. We expect a bounce from the previous monthly...
TRADE TYPE: PENDING ORDER (SELL LIMIT) TRADE DIRECTION: SHORT TIMEFRAME: DAILY ENTRY PRICE: 1.16800 STOP LOSS: 1.18600 TAKE PROFIT: 1.15000 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade
Price seem to be supported by S2 MONTHLY PIVOT. A potential break of trendline could lead the price to aim towards descending trendline located at the area near S1 MONTHLY PIVOT. For the criteria to meet, The 4H candle needs to close above the trendline and 4H 50 EMA. After this the RISK TO REWARD needs to be evaluated based on WEEKLY pivots. This move is likely...
USDJPY is too overstretched or to put it in technical analysis term, its too oversold. Therefore an anticipated correction would likely occur. However as traders we perform technical analysis and await confirmation that a correction would likely take place. Here we have a 4H chart of USDJPY. 115.000 represents a concrete monthly psychological resistance where...
notice the monthly pivot "next pivot" coming in at 37k. It is likely price tests the next monthly pivot. how likely? the last 54 of 56 (at least) monthly pivots have had price reversions to. it could come in at a higher point and retrace from higher with this last day of price action though. which could get bullish and raise it up. or it could get lowered....
Can see now the price has been consolidating for a few weeks now between 1.20 and 1.22 as we can see on the monthly we are at some support right now but we could end up going towards 1.1920 area then take off for some long term buys 🚀
AUDCHF has been on the recovery from 2020's bullrun throughout 2021 so far. That said, key monthly pivot levels sit just below price, and we may see another bull run commence from these levels. Watch out for these pivots!
NEOUSDT is testing monthly resistance, after a nice breakout from the descending channel. IF the price will have a breakout and flip the current monthly resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
They are marked on chart. using camarilla and CPR and pivot magnet retrace logic. Price could run up to the Monthly developing just prior or following close first. However its already getting up there. either way be prepared
with the next monthly pivot coming in this area as of now and our next yearly at 16k region. I would be hesitant to get bullish until maybe later Q1 2021. mainly because every monthly pivot in the last couple years has been tested and every yearly for the last 7 years and possibly more. back tests on these magnetic tests can be seen with standard pivot points...
camarilla + cpr. it will get tested. they always do
one close away from TD9 Psell setup. barely holding on to monthly H3. Weekly can pivots still rejected H3. Caution dots on daily appearing. I think Monthly L3 could be a viable target. we also have gap still there.
range is tight. monthly pivot might give at least 1.5 cents up. will have to see from there. camarilla / cpr / magnetic trade use tight stop. looks like potential consolidation that may lead to expansion
PLEASE SEE CHART FOR DETAILS. BUY TARGET 1 : 180 TARGET 2 : 200 STOP LOSS : 135 **These are my personal observations. Please trade at your own risk.**