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Rangetrading

USDCAD looking up 🦐USDCAD after a long downtrend starts to consolidate inside 2 structures. The price recently broke the range and according to Plancton's strategy if the conditions will be satisfied 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
6
EURUSD Ranging in the Short Term The price action is behaving as per the expectations of the Wyckoff Cycle method in the short term. The EURUSD consolidates in an Accumulation range, following the completion of the preceding Markdown. The consolidation range spans between the major support at 1.18550 and the 23.6 per cent Fibonacci retracement level at 1.19181. If the price manages to break out above the latter decisively, it could then head towards the next psychological target. This is the 38.2 per cent Fibonacci at 1.19621. Two crucial factors underscore this possibility. The price action is currently concentrated above the range's mid-point at 1.18900 and above the three key moving averages. Those include the 100-day MA (in blue), the 50-day MA (in green), and the 20-day MA (in red). Conversely, a breakdown below the lower border of the range would imply the possibility for the continuation of the previous downtrend
by Trendsharks
There's something good about to happen here! 🤞We have a trading range in the 30min, between the 60.46 and the 58.76. When we look at the daily chart, we see that RDFN is slowly accumulating, and we are near the support at 56.23 and the 20ma. The BB are getting tight, and if RDFN breaks the 60.46 there’s a good chance it’ll hit the 64s. This could be the beginning of an impressive movement next, leading to the 72.85. Just in case, I’ll watch the supports mentioned, as if RDFN loses them, it’ll probably drop more. But I this well see a bullish movement after this accumulation. A breakout from the 60.46 will be the first step to confirm this thesis. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:RDFN
by UnknownUnicorn21312077
2
GBPUSD Sounds a good buy opportunity!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 specified areas on the chart which can provide me a reasonable risk reward ratio(about 1:3.5) Note: As always please take all risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
GBPUSD a range trading 🦐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 -> 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
BTC - diamond patter pullback follow-upHello, 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 highs back in the first month of the year. What is more important is how the lower boundary of the downtrend corridor built as a continuation of the diamond figure now act as a dynamic resistance. The price decline and series of rejections suggest we can expect a further decline and narrowing price action between the dynamic and the horizontal resistance. This, combined with the rising RSI values on the daily timeframe, which currently represents a bullish divergence on that timeframe, can result in an upside reversal by the end of June or early July. Hope you found that idea interesting. Don't forget to manage risk appropriately. Best Regards,
by FutureBlockchain
How to trade ranges? 🤓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 size of the range. In this case, the range was of $ 1.45, so you sum it to the 42.34, and set a target at 43.79. But since the 4h chart still looks weird, personally, I rather wait for a pullback, or at least a good and easy trade. Right now, NIO seems too complex, and I see better stuff around. If it hits the 20ma again, I’ll be much happier 😊. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
11
GBPUSD 1.41395 -0.08% SHORT IDEA * STRUCTURE & CONTINUATIONHELLO 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 TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
USDCAD take a break 🦐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 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
Energy breakout ~ June 2021Technical 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 a market moving event, as the Fed has made a drastic change in its action plan, which consists of reacting to data (reports such as these), instead of reacting preemptively as it has done in the past.
AMEX:XLELong
by dorfmanmaster
EURCHF a range trading 🦐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 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
AUDUSD Analysis Overview 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 continuation to the bearish momentum from the previous week. ( no long term for me atm, keeping an unbiased opinion until breaking out of this consolidation) Daily Chart - still maintaining uptrend, consolidating for the last month and half H4 Chart - this daily consolidation can be seen as a range which broke the resistance level and came back down to the bottom of the range but yet respecting the support level. 30m Chart - after bouncing from H4 support broke previous level of resistance and created a new high... Ideal scenario would be to see a pull back to enter on. a long position to ride it to the resistance level.
by Inacio_1998
EURCHF a range trading 🦐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 -> 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
AUDUSD on a break of the range 🦐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 -> 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
Ryanair Shares Recoup From Belarus Hijacking, Still Ranging 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 and continuing to climb higher. That is so because the Flag, as a classic trend continuation pattern, is found after a Wedge. The latter represents a type of pattern that is commonly found at the lower end of a downtrend or range. Market bulls should not disregard the fact that the Stochastic RSI indicator is nearing its overbought extreme, which, given the still prevailing range-trading sentiment, could prompt yet another reversal. For more risk-averse bulls, the most optimal thing to do would be to wait for the price to pull back to 17.100 following a decisive breakout, which would underpin robust buying sentiment in the market.
RLong
by Trendsharks