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Rejection

TRXUSDT wants to retest the previous weekly support 🦐After a bearish movements, the price retested the weekly resistance. Now the price is testing 4h resistance. IF the price will have a rejection, 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 -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
EURAUD SHORTEA has been in a continous downtrend since the beggining of the year. On the 2H timeframe, price action consolidated for a while before breaking beow and retesting the new resistance it was now under. Price has now fallen below again and made a lower low and is now coming back to retest the previous lower low. There is also confluence with the fibonacii golden zone which is what I will be using to get a perfect entry. The last confluence is the new bearish trendline price has been respecting. Im waiting on price to reject the trendline with a strong wich and close below the support with some type of entry confirmation candle on the m15. Ill be looking for a doji or a bearish engulfing on the m15 and will set stops to the -78.6 zone. I'm going to run 2 positions and the first TP is the - 27 Fibonacci extension and TP2 is - 61.8 fibonacci extension. Oce price hits TP1 , I will set the trade to BE . RISK MANAGMENT IS HIGHLY IMPORTANT
Short
by jacolbywilliams11
1
EURAUD - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURAUD is approaching strong support in blue from Weekly so we will be looking for buy setups on lower timeframes. on H4: EURAUD formed a valid channel pattern in red but we want it to approach the Daily blue support to look for buy setups, so we will be waiting for a new swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Until the buy is activated, EURAUD would be overall bearish and can still dive inside the blue support. and since EURAUD is sitting around support, we will also be looking for buy setups on lower timeframes like M30. And of course, as EURAUD approaches our upper green daily resistance, we will be looking for sell setups. Good luck! ~Rich
Long
by TheSignalyst
63
EURJPY - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURJPY is approaching a strong resistance area in green (127.5 - 128.0) so we will be looking for sell setups on lower timeframes. on H4: EURJPY is forming a symmetrical triangle pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone) Until the sell is activated, EURJPY would be overall bullish and can still trade higher. And of course, as EURJPY approaches our lower blue support, we will be looking for buy setups. Good luck! ~Rich
Short
by TheSignalyst
55
AUDCHF - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDCHF is approaching a strong supply area in green so we will be looking for sell setups on lower timeframes. on H4: AUDCHF is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone) Until the sell is activated, AUDCHF would be overall bullish and can still trade higher. And of course, as AUDCHF approaches our lower blue support, we will be looking for buy setups. Good luck! ~Rich
Short
by TheSignalyst
39
GBPCHF - Sell Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPCHF is sitting around a strong resistance area in green so we will be looking for sell setups on lower timeframes. on H4: GBPCHF is forming a wedge pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone) Until the sell is activated, GBPCHF would be overall bullish and can still trade higher. And of course, as GBPCHF approaches our lower blue support, we will be looking for buy setups. Good luck! ~Rich
Short
by TheSignalyst
43
BCH/USDT Now Or Never!!Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! BCH has been on a powerful climb the past few days and is now approaching its biggest resistance challenge! This S/R line shown above needs to break or we can expect a correction! If it breaks this line, the previous highs will be next which sits around $500 to $600. Good Luck in your trades. Let's hope the bulls are really hear to play. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Coin Donations Are Always Welcomed :) Simplicity Wins
by rnaofs
AUDCAD - Trend-Following Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDCAD is overall bearish trading inside the red channel, and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups. Unless price breaks our upper red trendline aggressively, then we will be looking for new sell setups to form as it approaches the upper blue resistance. AUDCAD formed a valid trendline in blue so we will be waiting for a new swing low to form around it to consider it our trigger swing. Trigger: Waiting for a momentum candle close below the gray area to sell. Good luck!
Short
by TheSignalyst
38