Hello Traders , with break 1.37900 monthly support level , i expect the price reach the next resistance at 1.38780 this is a first stage,scenario is different if a pair fall under support at 1.37900
NEO is under a huge dynamic resistance. But soon it will open doors for long term holders buy round $5-$10 and hold for $100-$120. NEO has shown that its accumulation period range from 600-900 days and after that you will be rewarded 800-900% profit. The chart showing both short and long position trade carefully.
if a price rise to 0.68660 and close above it will arrive to 0.69220 to touch a horizontal resistance and falling trend facing 0.61 fibo to continue falling until arrive 0.67200 at this point will be the beginng to strong rise
EURGBP on the daily chart is currently testing the string support area at the 0.83000 level. The price after a few test over the confluence between the structure and the weekly descending trendline retraced at the 0.618 Fibonacci level and tested a daily resistance level before turning again to the support. How can we approach this scenario? The increasing...
OANDA:XAUUSD Bullish Indications 1- Formation of HH & HL 2- Inverted hammer followed by big Green Candle 3- Major monthly Support zone around 1780 4- 4H trendline support 5- support at 0.786 Fib level 6- Double bottom 7- Confluence of Horizontal support + Fib Level + Trendline bounce 8- For last 7 years, December is green for 5 years, 1 year is neutral and 1 is...
Have a look at the above image (EURGBP M TF CHART): It was crucial that the monthly candle close convincingly below monthly 0.8500 psychological support. Support break and confirmation would likely lead this pair towards the swing low (0.8300) Now looking at the main chart (WEEKLY TF EURGBP), we can clearly see that the price is in a descending channel and...
EURUSD is currently in downtrend! However 1.15000 acts as a strong monthly support. So based on the monthly pivot points its best to wait for slight retracement to 1.165000 area for better risk to reward ratio. Monthly EMA was also pierced and candle closed below it, this further eliminates the hurdle of monthly support and opens the path to 1.15000 area. i shall...
EURZAR on the 4 chart test the monthly support and start to trade to the upside. The price is testing a minor resistance zone and according to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
Feel free to like or comment. Especially if you see something different or think otherwise state your reason(s). I am open to seeing others point of view. 1.) Here price found support and formed a double bottom pattern, which is a bullish formation and started off the uptrend. This also serves as the low. 2.) After the double bottom was formed, price confirmed...
USDZAR after a few tests of the monthly support starts an impulse and currently is consolidating below a minor resistance area. According to Plancton's strategy if the price will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure...
GBPNOK on the 4chart is moving inside a descending channel. The price after the last bounce over the monthly support at the 11.44 level starts a bullish move and now testing the upper trendline below a minor resistance. IF the conditions of Plancton's strategy will be satisfied, we can set a nice long order --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
USDZAR after the long dowtrend reaches a monthly support. The price bounced sharply and create a nice impulse. Now the price is consolidating below a minor resistance and if the price will break above we can consider a nice long position. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵...
NZDJPY is currently testing a. monthly support. The price after the attempt to break below retested the minor resistance and now trying again to break below. IF the market will manage to break below the 73 area, we will set a nice short order according to Plancton' strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
NZDJPY on the 4h chart is ranging between the monthly support and the 74 level. The price will possibly test the support at 73.700 area before starting a new impulse. IF the price will break above the resistance area we will set a nice long order according to PLancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
USDCHF on the weekly chart broke and close below an important structure at 0.90. The price is moving inside a descending channel but on the daily chart we can see a possible formation of a falling wedge. We can expect the price to reach the 0.88 area on the lower monthly support before looking for a possible break of the wedge formation. --–– Follow the Shrimp...
USDCHF after bouncing over the monthly support at 089900 created a nice bullish impulse. The market hit the higher trendline of the descending channel and start a tight consolidation between 2 minor structures. IF the price will break and close above the resistance structure and consequently break the channel, we will set a nice long order according to Plancton's...
AUDJPY after perfectly bouncing over the monthly support at 73.350 has started a new bullish leg. The price has reached the descending trendline below a daily structure at the 0.5 fib retracement of the previous leg. IF the price will break and close above we can set at the retest a nice long order. IF the price on the other hand will be rejected we will look for...