Based on the chart, we can found a very good market range since about 26 days ago! So we should have a good strong support and resistance which took price among them. An now price is on the support zone and remember before this ranging market, we had a good uptrend movement! So I opened a buy position at this support area and will hold it until it reaches to the...
GBPUSD is trading between a monthly resistance and a daily support. The price after few attempts to break above or below never break one of the 2 structures. According to Plancton's strategy if the price will clearly break below we will set a nice short order. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
Hello, One month ago I posted a bearish scenario for BTC where the potential diamond formation could drive its price below $40,000 What we see today is that even though the coin dropped below the projected support (January peak) and turned it into resistance, so we are now basically stuck in the $40,000-$33,000 range which more or less marked the lows and...
GBPUSD break the range trading and may come till 1.40170
The USDJPY Pair Stuck in a range. Good opportunity for Range Traders To Buy The Dip
Even with a lot of people (including me) not that happy with NIO because it was too overbought, technical analysis never fails! NIO did break the 42.34, the consolidation we talked about in my last analysis, and it hit the technical target. When you see a breakout, especially if the stock opens below the resistance, and closes above it, you just replicate the...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE GBP / USD. Trading the range within structure * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY...
USDCAD after a long downtrend starts to consolidate inside 2 structures. The price is trading within a range and according to Plancton's strategy if the market will break above the resistance structure we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
Technical Analysis We have been in a strong uptrend (pink segment line) since November, which I have divided into 3 ranges. We have tested the top of "Range 2" 3 times, and we are now breaking out. Either we continue into "Range 3", or we could potentially test the pink trend line once again (ghost feed representation) Macro Tomorrow jobs report could be...
EURCHF on the daily chart is moving between a daily support and a weekly resistance. The price tested a few times the lows creating a triple bottom. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly...
GBPCAD is in a range trading and we can see some strong bearish candles. at first if the price break out the support line it will reach to its target at 1.69550. otherwise if the price support here it will go up till the top of the range trading.
AUDUSD analysis Overview - Monthly Chart - monthly closure was a doji showing some indecision for the time being, furthermore can be observed that monthly chart is under some type of consolidation rn. Weekly Chart - furthermore the consolidation from the monthly chart can be further observed on the weekly chart. Previous weekly candle was also a doji no giving...
Bitcoin is in a very large range and tends to fall again to the 33520 price. But if it breaks the price of 36934 and stabilizes, we should expect to climb to the 39890.
EURCHF after the retest of the weekly resistance couldn't break above. The market is now back over the minor support and according to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure ->...
AUDUSD after the attempt to break above the weekly resistance comes back in a range trading between 2 structures. The price has bounced on the support and now moving for another test of the resistance. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
The price action of RYA has been range-trading for quite a while now, mostly being concentrated between the major resistance level at 17.100 and the major support at 15.100. The massive Marabozu candle that is forming today could potentially indicate the termination of the sell-off. Moreover, Ryanair's stock may be due for another attempt at breaking the range...
Another stock that came on my radar is apollo tyre. The stock has been moving in a range for the past 4 months. Last week its closed well near its highs. Now if the stock sustains 190 levels on the weekly basis, the stock might test its upper range 240- 255. And if the range breaks on the upside, the stock could test its all-time highs i.e. 307.25.
Tesla failed in breaking the resistance we've been talking about at 592, and it is still inside a range. We must wait for a breakout from this point before we can do anything. If it drops below the 580, the 571 is the next stop for Tesla, or it could even fill the gap, but I'm not counting too much on this. One of the reasons why I'm aiming for Tesla is the...