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GOLD is about to breakout.....Hi Traders,
Gold was in a monstrous uptrend since covid - 19 outbreak. Now price has retraced and tested a key support level (yellow). A break above the trendline can result in price testing the highs(Red) again. In case of a downward break price could test the next immediate support level(Green).
For queries pls comment below....
Happy Trading...
Major Trendline Break expected in USD CADHi Traders,
It seems USD CAD found some critical resistance and is now testing the trendline in the daily timeframe. A break of this trendline can result in price testing the immediate support at the marked zone (Green). This move can result in some good short positions in the lower timeframes. So we suggest adding this pair to your watchlist.
For queries pls comment below...
Happy trading.....
GJ is Retracing!... #DailyAnalysisI analyzed GBPJPY from the Daily Time-frame. I noticed a pattern was being formed, which indicated Bearish longer term movements. I predict that before those movements occur, price will pullback into my marked gravitation zone. Which isn't far from the key 61% Fibonacci Level. Price is also currently testing a Daily Pivot Point Level. With two failed attempts already, another attempt may just give in to upward movements. If prediction goes as planned, I will wait for movements towards the 61% & 78% Fibonacci. If price doesn't close above the 78% Fibonacci, the buyers may be gassed out. I will then look for a short opportunity when it presents itself.
Thank you for reading. I'm going to keep dropping Analysis gems every week.
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AAPL hovering above support retestNASDAQ:AAPL gapped over a trend line resistance today and retested it as a support. There is also a corresponding horizontal support at that level as well (Near $113). So far it looks good, currently long from 113.60 with a stop loss at 111.90. The next resistance target is near $119. The only negative thing is that the ADX indicator is still bearish. If it crosses over (green over red) while the price remains relatively the same for the next few days, I will add to my position.
QSPBTC bounced on daily support! It's Looking for a long 🦐QSPBTC bounced on daily support (blue structure) and the price recover the weekly structure.
IF the price will breakout 4h structure (yellow one) According to Plancton's strategy, we can set a nice order
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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.
EURUSD picture under current Scenario!Hi There,
If you've seen last idea in which we saw that pattern was underformation and we we anticipating a move up! tho we got the move up but we saw that after a change in the pattern. According to current data, this is what i am expecting.
It's my own view so it can differ.
No hard feelings.
Have a good day!
BTCUSDT 1D | Bitcoin market overview: Drop to $9,875Hello, dear subscribers!
In the previous survey we looked at the resistance zone breakthrough of $11,900 - $12,000 on the 4-hour chart. On the daily chart we see a wider resistance zone of $11,800 - $12,200. The bulls could not hold on above it and the Bitcoin price collapsed to $9,875 within two days.
The current price of the Bitcoin is $10,200. The upward trend that started in mid-July from the price level of $9,200 has ended.
Support zone 1 on the chart became a resistance zone, as the price is located under it. In the following days, the Bitcoin market is likely to move further down to $9,200-$9,500, the current volatility will allow the bears to make such a breakthrough as buyers panic selling their assets. Or we will be in the flat zone - $10,000 - $10,900, which will allow market participants to calm down and decide which side the price of bitcoin will go in.
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600+ Pips Done! Similar Move Again??Hi There,
If you have followed my previous posted idea when correction was forming you had a idea about this move. It was quite a powerful move towards upside. Now similar structure is underformation. But it we will not jump into this one until it fully forms and break the trendline. BUT WE WILL KEEP AN EYE BECAUSE IT CAN GIVE US GOOD PIPS>
Stay safe.
USDCHF consolidation at the bottom 🦐USDCHF is consolidation at the bottom of a bullish move.
After a triple bottom and a false breakout where the market touch 0.90100 we can expect some retracement move.
IF the market will break above the upper daily structure we can set a nice long order according with Plancton's strategy.
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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.