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Fibonacco

GBPCHF a turn at the 0.618 🦐GBPCHF on the daily chart is moving inside a daily descending channel. The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 0.618 Fibonacci level creating a double top over it. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair will break below we will move on the 4h chart to search an entry point according to the Plancton's strategy 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 question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
5
KDAUSDT| Key Levels| Price Action Range| Trend| Volume Evening Traders, Today’s analysis – KDAUSDT- trading in an established uptrend with strong momentum, Points to consider, - Price Action Impulsive - Daily S/R Support - Price Action Ranges - Volume Influxes KDAUSDT’s immediate price action is trading with a bullish structure with string expansions, allowing for a bullish bias. The Daily S/R support levels tend to have ranges, allowing for consolidations before stron bullish expansions. The current volume profile has an influx, climatic node will be indicative of a temporary top, this is yet to be seen. Overall, in my opinion, KDAUSDT is a valid long after some consolidation, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Long
by The_Alchemist_Trader_
2
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