Resistance_level
Is the US Dollar About to enter Seasonal Rise?Hey Traders so last post I mentioned that dollar was selling off fast but was not sure why if it was profit taking. But today I had forgot that Seasonals somtimes play a role in this market. Check out this months seasonal pattern and let me know what you think of this months US Dollar forecast. I think we are going to some bullish momentum soon! But of course my compass could be off so always use risk management!
Enjoy!
Trade Well,
Clifford
All opinions expressed are for educational purposes and this is not a recommendation to buy or sell).
(Always use risk management before entering any trade).
(Past performance is not guaranteed for future results.)
Very bearish momentum in GBPUSDGBPUSD is in a uptrend channel.last week it form a bearish shooting star candle. so we are bearish on it now and our target can be the next weekly support at 1.36600 if price break it then we can expect the price to get around 1.35000 on fibo expantion level -0.27.
USDJPY trade analysisPrice is currently bullish. It will soon reverse to the downside at the resistance level.
Stacked ResistancesGME Currently below Both Supply Zone/Volume Resistance, downwards trendline and below fib extension resistance
Risk:Reward leans towards being bearish, even though I'm rooting for the mother of all squeezes to come.
Bought Puts. Strangle wasn't really worth it, calls are way too expensive in my humble opinion.
AUDCHF H4 - LONGPrices are currently in a triangle consolidation. Prices broke out of an immediate descending trendline and was rejected by an immediate resistance zone. We will be waiting for bullish momentum on our minor break out zone before looking for a move upside.
Elliott Wave Analysis: Natural Gas Looks Clearly BearishHello traders and investors!
Today we will talk about Natural gas, its price action from technical point of view and wave structure from Elliott Wave perspective.
We have been bearish on Natgas all the time and seems like the downtrend is not finished yet.
After a big, higher degree a-b-c corrective movement at the end of 2020, ideally for wave B, Natgas turned down in an impulsive fashion, probably as part of the first leg (i) of a new five-wave cycle within wave C that can push the price back to 2020 lows.
Well, after we noticed a nice bearish setup formation with waves (i) and (ii), seems like Natural gas is on the way down within wave "iii" and after recent break below strong daily channel support line, it's actually confirming the bearish trend.
Currently we can see another three-wave intraday corrective pullback, ideally in subwave (ii), where support line of a corrective channel may now act as a strong resistance.
All that being said, be aware of a bearish continuation in 2021, ideally and probably as part of a new five-wave cycle within wave C of a higher degree wave (V) that can send it back to 2020 lows to complete a bigger weekly ending diagonal pattern.
All the best and have a great weekend!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
TRXUSDT bounced on 0.5 Fibonacci level 🦐After a very nice bullrun, the price bounced on 0.5 Fibonacci level. IF the price will have a breakout from daily resistance, 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.
ZEN/BTC Failed H&S and currently hitting resistanceZEN had a great recovery looking at the ZEN/BTC chart.
Looking at the support and resistance lines we see that we currently did hit a resistance line.
Since we are extended that much one would think we will see a short term pullback.
We also can see a failed bullish Head and Shoulders pattern.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ETHBTC is ranging below the resistance 🦐the price is ranging below the daily resistance. IF the price will have a breakout upward, and retest the current 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 -> 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.
EURNZD (EN) FX:EURNZD
we have to possible scenarios..
1. Bounce off support and start a run back to retest resistance.
2. Break through support and run towards next major support.
with this one closely. very rewarding to either side.
LRCUSDT wants the breakout! 🦐The price is testing the daily resistance. IF the price will have a breakout and flip the current 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 -> 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.
MANAUSDT is testing the daily resistanceThe price is testing the daily resistance after a nice breakout from descending channel. IF the price will have a breakout from the resistance and flip 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 -> 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.
EURJPY Short Resistance on the 1h timeframe has been respected several times. Price is currently at that point. I am looking at a sell speculation.
BATUSDT is testing the 4h resistance 🦐the price is testing the 4h resistance, after bounced on daily trendline. IF the price will have a breakout and flip the current 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 -> 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.
ZRXUSDT waiting for the breakout 🦐the price is testing the daily resistance inside a descending channel. IF the price will have a breakout upward and retest the daily resistance as 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 -> 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.
