GJ FORECAST...GBPJPY has been moving radically inside of a Daily zone. Price has still failed to retrace back into the Daily trend it broke out of in September. I think a pull back is due, so a momentum shift may occur to the upside. Price has been having a lot of trouble in the 136.000 zone, so a pull to either side is possible. Multiple confluences gives me a Bullish Sentiment for this week. I predict a price retracement to 136.25, then a soar back to the top. 137.00 would be the first level of interest for me, price would have to defeat that level in order for a stronger move to D to occur. I've marked a Fib ABCD pattern to help identify direction. This is just a pre market analysis, so nothing too solid.. Just an overall look into a Long Bias.
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Weeklymarketsanalysis
Bearish Trend May ContinueGold looks like it'll continue to drop this week according to the technicals on the higher timeframe. It looks like it's just a flag. If we don't drop right away, we'll retest the monthly 1924.42 zone more time before to dip. I also added Bull TPS in case it can break the downtrend.
BEAR TPS:
• 1888.42
• 1886.14
• 1846.39
BULL TPS:
• 1919.12
• 1931.37
• 1945.68
• 1978.15
Bears May Still Run Strong This Week....The overall move is down for AJ until it reaches the weekly zone -- maybe. I'm waiting to see if we make it to the weekly and breakthrough to the monthly level to determine the next move…if we can make it. If not, we'll bounce off the weekly and go bullish.
As you can see for the bullish move, I'm not looking for it to go too far up this week, especially with JPY news happening. So we'll play this trade out in this little area to see which zone it will break out of first: the daily 76.058 zone at the top, or the weekly 73.711 zone at the bottom.
BULL TPS:
• 74.936
• 75.460
• 75.960
BEAR TPS:
• 74.025
• 73.757
• 73.131
Will We Make It And Bounce From The Daily Level Again?UC looks like it's making a move to the daily 1.30357 zone one more time to see if it can get through or bounce up once again.
Got a strong trendline crossing through the weekly 1.32539 zone, so not sure if price will be strong enough to get through it this week. As always, I left TPs if something in the news jukes it up. For now, I'm trading with the overall trend.
BEAR TPS:
• 1.31621
• 1.31090
• 1.30446
BULL TPS:
• 1.32403
• 1.32808 - if it can break up and through the weekly zone
• 1.33264
Waiting For Break Out of Weekly ZoneEJ had a big drop all week so this week looks like it can be a pullback before continuing down if it cannot beat the 124.187 zone or the 124.516 which would retest a bearish engulfing from the daily.
We're currently sitting inside a weekly zone, so we'll get a nice move out once price breaks out.
We are in a bearish channel until we break out of it. I'm not sure that this is the week for that since major news is happening of JPY this week. So let's enjoy the move.
BULL TPS:
• 123.816
• 124.187
• 124.516
BEAR TPS:
• 123.107
• 122.601
• 122.233
Litecoin is prepare for the next massive bought!!! It's bullsihWaoh, lookin in weekly timeframe, we see that Litecoin is leave in the end phase that holders is prepare to see a Litecoin so bullish!!!
As Litecoin is into this grant accumulation zone, it's a good opportunity to buy Litecoin in long-term, well, my target profit will be the maximum that was $400 USD, this $400 USD was the Litecoin maximum price reaching up!!!
So, we could see a massive bullish movmeent of this cryptocurrency soon!!!
And also, as in Daily we are into this shoulder head shoulder, we see that Litecoin is prepare up to the next massive movement, Litecoin follow this channel from April 2020 and that mean that this cryptocurrency it's in green zone of accumulation yet to buy it
What do you think about Litecoin forecast and where Litecoin is leading for?
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DREPBTC is trying to break weekly resistance 🦐DREPBTC is trying to break weekly resistance, after a nice bull run.
If the price will break weekly resistance According to Plancton's strategy, 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.
XAUUSD weekly reviewwith last week going just as I planned I am looking for this week to be profitable too, with a key level of resistance just being broken I am looking for price to come back down and retest the area and then rise again, the real question is will the downwards channel get broken or not?
DXY has a DECISION to make!Hey tradomaniacs,
tough week ahead with a lot of risky events which will drive the market crazy!
Election debate, further stimulus packages and Non-Farm-Payrolls... uff!
"Investors might have been growing increasingly impatient with a lack in expediency of additional US fiscal stimulus. At a congressional testimony, Fed Chair Jerome Powell stressed the need for further support from the government. Still, volatility cooled into the end of the week. The VIX ‘fear gauge’ failed to accumulate material upside momentum.
Might volatility pick back up? This coming week is certainly filled with event risk. All eyes will turn to the US House of Representatives where the chamber may vote on a $2.4 trillion fiscal package. This is as Donald Trump takes on Joe Biden on Tuesday during the first presidential debate ahead of what is likely to be a tense election come November."
"The Euro has been seeing some selling pressure, particularly as coronavirus cases in parts of Europe pick up pace. Might the British Pound regain some lost ground as the EU and UK head into another round of Brexit talks? All eyes at the end of the week turn to the US non-farm payrolls report. Chinese manufacturing PMI will also be watched to gauge the health of global growth."
Why so uncertain? Well there are bearish aswell as bullish aspects to see in the chart!
Bearish:
Cycle-Analysis
Double-Top-Pattern
Breakout of Channel
Potential Wave-Continuation (c)
Breakout & Retest-Scenario
Bullish:
Previous close above Resistance-Zone
Strong momentum to the upside
SPX500 in downtrend and TL
Wave (c) could be finished
FAN-LINE holding
No idea what is gonna happen! I guess it will be up to the upcoming decisions! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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BNBBTC bounced on 0.786 Fibonacci Level 🦐BNBBTC bounced on 0.786 Fibonacci Level and now is testing a weekly resistance.
IF the price will break weekly resistance According to Plancton's strategy, 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 Plancton0618 strategy will trigger.
Possible Retracement Before ContinuationThis pair looks like it has a huge retracement due this week before continuing for the short. Retracement may end in the 1.79129 zone before the short continues. If not, we'll keep going up to the next zone above for a fresh to test the last lower high.
BULL TPs:
• 1.78192
• 1.79129
• 1.80512
BEAR TPS:
• 1.75881
• 1.75308
• 1.73815
• 1.72856
BTC on the retest of a weekly support 🦐BTC on the weekly chart is retesting a very important weekly structure.
The market after the break and test of the highs retraced back till the 10k level.
Being a strong support we can expect the price to bounce over the structure and respect the mid line of the channel for new move up.
On the other hand if the price will break below the weekly structure we can look 9k level.
----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow 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 Plancton0618 strategy will trigger.
GOLD - WEEKLY ANALYSIS.GOLD- It's looking bearing on a bigger time frame, Approach should be finding a short sell opportunity.
Levels to take action on ;
Go for short sell in the range of 1945 - 1950 with a stop loss of 1966 for a downside potential up to 1900 - 1883.
Keep trailing stop always to secure your profits.
There is a possibility of a bounce back which I have mentioned from 1883 so have an eye on it to grab a buying opportunity as well.
In case if it triggers stop loss level of 1966 and sustaining above 1970 it can jump till 2012 level, but chances for an upside is little less for now based on technical charts but do keep this in mind too.
Follow the levels properly and maintain proper risk reward.
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GOLD Weekly, Daily analysis 🦐Gold has reached in the last weeks a key level of 2072 and retraced back below the 2000 level.
On the weekly chart (left) we can see that market found support on a weekly structure and price retrace till the 0.618 fib level and went back up at the 0.5.
On the daily chart (right) the market testing the discending trendline and creating a triangle pattern.
We can expect the price to break above the discending trendline and the upper daily structure to test the recent highs.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
XRP testing a discending trendlineXRPUSD on the weekly chart hit a descending trend line and got rejected for a 3rd time on the 0.30 level.
Market hit on the move back the 0.618 on the support structure.
If the price will break above the weekly resistance and consequently break the trend line we can set a nice long order according with Plancton’s strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow 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 Plancton0618 strategy will trigger.