EURCHF - Looking To Buy Pullbacks In The Short TermH4 - Price is bouncing higher from a strong support zone.
Bullish convergence.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Pullbacks
SOLUSDT wants the 0.618 Fibonacci levelThe price had a bearish impulse until the 37$ where the market has the daily support.
As you can see, the market created a candle with big spike, it means the new liquidity, for that reason if the price is going to flip the supply zone on 59$ we could see a pullback until 72$.
How to approach?
The price needs to flip the 58$ and retest it as new support. If the price is going to gain the momentum we could see a pullback until the 0.618 Fibonacci level. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BTCUSDT ready for the pullback?The price is testing the monthly support where the price has a confluence as you can see on the daily timeframe.
On the 4h timeframe the price could get new liquidity in order to create a new pullback if the price is going to have a clear breakout from 33k.
How to approach?
If the price is going to have a breakout, 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 🦐
ETH/USDTBINANCE:ETHUSDT
if the Ethereum has broken its channel in the bottom , then it can fall to the next support zone.
VETUSDT PullbackThe price is testing the 0.5 Fibonacci level on the daily timeframe on 0.67$ after a rejection on 0.088$ daily resistance.
On the 4h timeframe, the price is creating a triangle, and the price is testing the previous dynamic support again.
How to approach?
The price bounced on the previous supply zone on 0.064$. The price needs to flip again the daily resistance, and if the market is going to satisfy our rules, we could see a retest of the previous 4h support now resistance on 0.72$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BTCUSDT wants a pullbackThe price is testing the Daily support on the 0.618 Fibonacci level as I told in my previous analysis.
We Could see a pullback on the previous 4h support now new resistance around 43k.
As you can see the 40k is a key level, if the price is going to lose it and retest as new resistance we could see a bearish impulse until the 34k
How to approach?
In a short term, we could see a bullish impulse until the 43k.
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 🦐
Gold Short Term Sell IdeaH4 - Price is bouncing lower from a key resistance zone.
Bearish convergence.
Until the key resistance zone holds I expect the price to move lower further in the short term after pullbacks.
Bitcoin pullbacks above 50% on weeklyBitcoin pullbacks that were deeper than 50% on a weekly time frame using log scaled chart.
Next Goal Is To Improve Reward:Risk RatioTo improve Reward:Risk Ratio, wait for pull backs. Wait for pull backs to the Horizontal Support & Resistance Level, Fibonacci Retracement Level, EMA 10 Level, EMA 20 Level, and Trend Line Level.
EURAUD Buy IdeaH4 - Price is bouncing higher from a key support zone.
Downtrend line breakout
Higher highs.
Expecting further continuation higher after pullbacks.
H1 - Bullish trend pattern.
Currently it looks like a correction is happening.
Until the two key support zones hold my view remains bullish here.
USDCAD - Looking To Sell PullbacksW1 - Price is bouncing lower from a key resistance zone.
No opposite signs.
H4 - Bearish convergence.
Until the key resistance zone holds I expect the price to move lower further after pullbacks.
Learn To Identify The Variations Of PullbacksLast week, I spoke about the types of pullbacks (check related links)---Today, I will be talking about its variations.
Pullbacks have four variations: rbr, dbd, rbd, dbr.
You'll have to watch the video. . .learn its uses. . .and tell me what that has done to your view on the market.
Have a great week---everyone!
5 PAISA - Pullback Trade5 paisa made high of 444- 465 in July 2020 and retraced some part of its previous rally only to take support around 235 levels.
The stock then started rallying again but was not able to break through previous resistance( highs made in July 2020) and traded sideways near the resistance for about 3 months.
Finally, it managed to break above in the first week of July 2021 with a Big bull candle, volume also saw some rise.
Now Prices are retraced back to the breakout levels and sustaining above it.
It looks like stock may test its recent highs and also move beyond it, in the coming trading sessions.
Learn To Identify The Types Of PullbacksIn this video, I talked about the types of pullbacks and how to identify them. These pullbacks are the reasons why some traders get caught in the accumulation mix from the big banks. so learn to identify them to be amongst the 1%
Remember Trading is risky but learning reduces its risk.
cheers,
luchi!
Pullbacks Versus Reversals — Points To NoteIn this video, I talked about the misconception that Traders have on Pullbacks and Reversals. How to spot and identify them and What they signify.
If you loved this, be sure to follow up for more on Trading related content.
Cheers!
Luchi.
Bullish Case for SOLUSDLooking to long SOLUSD AFTER possible end cycle pullback. Look for fall to .38 or .61 fib. Two bullish LT cycles and good volume.
NZDCHF Buy Idea Inside A RangeH4 - Price respected the bottom of the range and is bouncing higher.
Bullish divergence.
Expecting the price to continue higher further after pullbacks.
GBPUSD Sell Idea After Bearish Trend PatternW1 - Price is bouncing lower from a key resistance zone formed by the 161.8% Fibonacci expansion level of the first wave and the 100% Fibonacci expansion level of the second wave.
Bearish divergence.
H4 - Bearish trend pattern.
No signs of trend change.
Until the invalidation level holds I expect pullbacks and then further continuation lower.
Sugar Trade (Entry at 0.14392) (Take Profit at 0.15120)Enter SUGARUSD at 0.14392. Take Profit at 0.15120.
Measuring that Pullback Against Main Trend during the DayQuick tutorial video explaining how I measure the pullbacks during the day to understand normal behaviour of a trend when daytrading. This example was NQ Nasdaq on the 3 minute timeframe
Using Stochastic and Fibonacci Retracement to understand these pullbacks.
The Support and Resistance zones I mention are drawn on the 60minute timeframe. You can learn how I produce these sticky zones by watching the recording of my recent livestreaming education event here on TradingView >>RIGHT HERE<<
NZDUSD Sell Idea After Bearish ConvergenceD1 - Bullish trend pattern completed. Bearish convergence.
I expect short term bearish moves to happen here after pullbacks.
H4 - Bearish pressure from divergence. Most recent uptrend line breakout.
Expecting further continuation lower.
eurusd shorteurusd broke structure and now looking for a pullback, price broke trendline so that's another indication that price could likely drop lower. Waiting on pullback to confirm whether momentum has changed.
