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618 Fibonacci Retracement

NZDCHF turns at the 0.618 🦐NZDCHF after the recent high started a retracement move. The price reached the daily support and tested the 0.618 Fibonacci retracement. At the moment the market is over an important confluence zone which is created by a trendline and a structure. According to Plancton's strategy if the price will break below and satisfy the academy conditions we will set a nice short 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
4
NZDJPY on a Fibonacci bounce 🦐NZDJPY on the 4h chart after the rejection of the weekly resistance started a retracement move. The market has tested already the 0.382 level but we can see some key support at the 0.5 and the 0.618. According to Plancton's strategy if the price will provide us a sign of inversion and satisfy the ACADEMY rules we will set a nice long 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.
by InkyGrip
4
EURUSD a retest of the weekly resistance 🦐EURUSD on the4h chart is trading near to a weekly structure. The price after the test of the 0.618 Fibonacci level is moving to a minor support. According to Plancton's strategy if the market will break below and satisfy the Academy rules we can set a nice short 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
4
EURNZD turn a the 0.618 🦐EURNZD on the daily chart after the last bearish move tested the 0.618 Fibonacci level. The price bounced over a weekly support and start to trade over a dynamic trendline. According to Plancton's strategy if the market will break and close below we will set a nice short 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
12
SHIBUSDT why it stop pumping near 0.000035$ Resistance?0.618% Of Fiboancci retacmnet Let's find reason in the previous fall of Bitcoin from 53K: AS you saw BTC started to dump from 53K and the chart is the same like here let's have better look: and most of the time it is happening in forex Or Crypto Or ... take look at the GBPUSD example that price started to fall from 30Jul: It is the simple but useful Fibonacci level that I usually enjoy using it comment below and send your example with a chart about Fiboanci's retracement levels. <>
by MMBTtrader
16
AUDCHF a turn at the 0.618 🦐AUDCHF on the daily chart has retested the descending channel trendline. The market after the attempt to break below the weekly support retraced to the 0.618 Fibonacci level and now is trading over a support area. According to Plancton's strategy if the Academy rules will be satisfied we can set a nice short 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
6
DOW on a bear move 🦐DOW on the daily chart is trading over a daily support. The price has tested the level a few times and turned at the 0.618 Fibonacci for the last retracement. According to Plancton's strategy if the market 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 -> 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.
FOREXCOM:US30Short
by InkyGrip
10
DOW testing an important support 🦐DOW on the daily chart is trading over a daily support. The price has tested the level a few times and turned at the 0.618 fibonacci for the last retracement. According to Plancton's strategy if the market 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 -> 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.
FOREXCOM:US30Short
by InkyGrip
6
SILVER on the break of the channel 🦐SILVER on the daily chart broke the retracement channel. The market tested the 0.618 level below the resistance structure and currently is trading above a support area. 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 -> 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.
SAXO:XAGUSDShort
by InkyGrip
8
USOIL back on track 🦐USOIL after the break of the descending channel retest the support area at the 0.618 Fibonacci level. According to Plancton'0s strategy if the Academy condition will be satisfied we can set a long 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.
TVC:USOILLong
by InkyGrip
10
GOLD a turn at the 0.618 🦐GOLD on the daily chart created a triple top on the 0.618 Fibonacci retracement level and now is moving below the support structure. According to Plancton's strategy if the price will satisfy the Academy rules we will set a nice short 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSD
by InkyGrip
12
GOLD on a 0.618 inversion 🦐GOLD on the daily chart got rejected by the confluence point at the daily resistance. The price created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure. According to Plancton's strategy if the price will break below we will set a nice short order following our Academy rules. --–– 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSD
by InkyGrip
10
EURGBP looking up 🦐EURGBP on the daily chart is trading below a daily resistance. The price after the bounce at the 0.618 Fibonacci level is now ready to break above. 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 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.
Long
by InkyGrip
10
GOLD daily analysis 🦐GOLD on the daily chart got rejected by the confluence point at the daily resistance. The price created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure. According to Plancton's strategy if the price will break below we will set a nice short order following our Academy rules. --–– 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSD
by InkyGrip
12
GBPAUD | Perspective for the new weekThe continuation of bearish pressures appears to be emphasized at the AU$1.89150/1.89550 area. Since late August 2021, it can be observed that price continue to reject this area as buyers find it difficult to push prices further. Following a continued rejection of AU$1.8950 which also makes a confluence at exactly 61.8% retracement of prior bearish momentum and the disappointing UK Retail Sales report failing to boost the British pound across major pairs, I see an opportunity to t ake a bearish bias on this pair in the coming week(s). Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline | Reversal pattern (61.8% retracement) Observation: i. The line drawn under pivot lows is a visual representation of the support level which reveals the prevailing direction of price action since the beginning of September 2021. ii. As far back as April 2019, the AU$1.89150/1.89550 is a zone that has a memory for bearish momentum. iii. The Bullish Trendline guided price back to AU$1.89350 during last week trading session to form a Double Top look-a-like. iv. Double Top: Having an extremely bearish technical reversal pattern right inside a Supply zone appears to be a signal that a risk of a further decline in price is imminent as long as the price breaks below AU$1.88400 (Neckline) in the coming week(s). v. Below Key level @ AU$1.88950 remains a comfortable zone to sell the Pound for the Aussie in the coming week(s). vi. A further breakdown/retest of AU$1.88400 welcomes an opportunity to add to our existing position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:5 Potential Duration: 2 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
CADJPY bounce at the 0.618 🦐CADJPY on the 4h chart after the test of the weekly support created an impulse to the upside.ò The market has then slowly retraced in a descending channel to the 0.618 Fibonacci level with a spike and created a solid test of the 0.5. According to Plancton's strategy if the price will satisfy our Academy rules we will set a nice long 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.
Long
by InkyGrip
8
EURGBP on the retest of the structure 🦐EURGBP on the4h chart after the 0.618 rejection from the descending trendline broke the support area and currently is retesting it. According to Plancton's strategy IF the market will provide us a sign of inversion we will be ready to set a nice short order. If the price instead will break above, at the retest of it we will check for a long position. ––––– 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.
by InkyGrip
2
BTCUSD | Perspective for the new week | Follow-up detailsIt took a whole 3 months for the price to move over 17,000 pips in our direction since my last publication on this pair (see link below for reference purposes); that is approximately 83.7% growth in 3months! And following the sudden loss of $10,000 during last week trading session (7th of Sept 2021 to be precise), the price has remained untypically stable with high hopes of breaking the $46,000 landmark (Key level) in the coming week(s) and this feat (Breakout) could possibly incite a significant rally. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. Since price broke above and retest our Neckline @ $40,000 in August 2021, we have witnessed a 41.65% growth to hit a peak @ $53,000. ii. The line drawn under pivot lows is a visual representation of increasing demand for BTC and this also reveals the prevailing direction of price action in the last two and a half months. iii. At the time of writing this report, the price is presently at $45,900 and the current price sharing a confluence with the pre-existing Trendline could be another clue for a rally continuation if the Trendline is not broken to the downside. iv. At this juncture in the market, we can not ignore the possibility that the Trendline can be broken to the downside and if this happens, I have identified a range around $38,000/42,000 for the opportunity to take advantage of the trend continuation hence patience is key. v. This been said and considering volatility expectations, breakout/retest of the Key level at $46,000 remains comfortable for me to take a long position on this pair in the coming week... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 18,000 pips. Risk/Reward : 1:6 Potential Duration: 12 to 25days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
COINBASE:BTCUSDLong
by darcsherry
1
GOLD triple top at the 0.618 🦐GOLD on the daily chart got rejected by the confluence point at the daily resistance. The price created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure. According to Plancton's strategy if the price will break below we will set a nice short order following our Academy rules. --–– 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSD
by InkyGrip
22
CHFJPY a bounce at the 0.618? 🦐CHFJPY on the 4h chart after the double bottom over the daily support started a move inside a range between 2 structure. The price tested a few times the lower structure exactly at the 0.618 Fibonacci level and now is moving to the upper one. According to Plancton's strategy if the market will break and close above we will set a nice long 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
Long
by InkyGrip
2