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618 Fibonacci Retracement

USDCHF | Perspective for the new weekThis is a follow up to my last publication (see link below for reference purposes) as price action is confined within our reversal structure (Inverse H & S) and Range (Channel) with the tendency of a rally that might lead to the correction of the overall downtrend perspective. Tendency: Uptrend (Bullish) Structure: Reversal pattern | Breakout | Supply & Demand Observation: i. Since price action is caught within a Supply & Demand channel (Fr0.88200/0.89200), price is back at the Demand zone. ii. After the successful Breakout of Fr0.88400 at the beginning of the year, the price has been going through a corrective phase with visible rejection from the demand zone. iii. In the coming week(s), I shall be looking forward to 61.8/78.6 retracements to join the rally. iv. A significant Breakdown of Fr0.88200 in the coming week shall trigger a conscious approach as only an engulfing Bullish candle from this zone will be the signal to look out for. Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Long
by darcsherry
3
EURCAD a Cup & Handle pattern? 🦐EURCAD on the daily chart after the round bottom that ended at the monthly resistance started a retracement into a descending channel (handle). The market reached and attempt to break the 0.618 Fibonacci level retracement. According to Plancton's strategy if the conditions will be satisfied we can 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
16
AUDJPY on a rising wedge? 🦐AUDJPY after our last analysis retest the weekly resistance. The price created a rising wedge formation near the 0.618 Fibonacci retracement. According to Plancton' strategy, if the condition 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
3
USDCNH on a bear flag 🦐USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel. The market reached the 0.618 Fibonacci retracements and now testing a support According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short 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.
Short
by InkyGrip
26
UK100 for new recent highs? 🦐After our last analysis on UK100 index we look for a new opportunity. The price on the 4h chart retraced inside a channel until the 0.618 where the market found a support. According to Plancton' s strategy if the conditions will be satisfied, we can 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.
OANDA:UK100GBPLong
by InkyGrip
24
EURAUD for a lower low? 🦐EURAUD is moving inside a descending channel. The price after the bounce on the weekly support retraced back until the 0.618 at the retest of the resistance. IF the market will break below, according to Plancton's strategy, 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
SP500 a bounce over the 0.618 🦐SP500 after the break of the range bounces at the 0.618 Fibonacci level. The price which is moving inside a minor descending channel is looking to test the upper trendline soon. According to Plancton' s strategy, if the price will break above, we can 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.
OANDA:SPX500USDLong
by InkyGrip
14
GBPCAD on the 0.618 🦐GBPCAD on the 4h chart is moving within a descending channel. The price yesterday fall sharply until the 0.618 Fibonacci retracements and now testing a support. If the price will break above, according to Plancton's strategy we can 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
8
BANKNIFTY weekly analysis (LONG)hi it is a weekly analysis of BANKNIFTY and we can see the retrace on the price due to Covid-19 is now close to 50% Fibonacci level and it can have a touch on 61.8% too and then a big reversal and it will touch the 100% of Fibonacci expansion we can notice a divergence in MACD too which is an other reversal sign and when combined with Fibonacci levels we can see we will face a big boost in the business post Corona Crisis market may be renege for sometime but the ultimate move is
NSE:BANKNIFTYLong
by BitonGroup
SP500 a bullish confluence 🦐SP500 on the 4h chart after the last impulse, retraced inside a bull flag. The market bounced over the 0.618 and according to Plancton's strategy, if the conditions will be satisfied, we can 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. Leave a comment that is helpful or encouraging. Let's master the markets together
OANDA:SPX500USDLong
by InkyGrip
12
EURCHF can break the monthly resistance? 🦐EURCHF on the 4chart is ranging between a monthly resistance and a daily support. The price after the last impulse retraced until the 0.618 Fibonacci level and now looking for a new impulse. According to Plancton's strategy, if the conditions will be satisfied, we can 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. Jan 7 Comment:
Long
by InkyGrip
12
Czy BITCOIN po raz kolejny zatrzyma się na 61,8% fibo? Zbliżamy się do bardzo ważnego wsparcia wynikającego z położenia wewnętrznego mierzenia 61,8% fibo ~ 33200. Warto pamiętać, że kolejny poziom 78,6% również będzie istotny z uwagi na cluster z projekcją FE 161,8%. Wydłużenie Fibonacciego (FE 161,8%) może utworzyć na rynku Bitcoina rozbudowaną korektę pędzącą, co przy tak rozgrzanym rynku jest bardzo prawdopodobne. Wniosek końcowy: na chwilę obecną obserwujemy dwa ważne wsparcia znajdujące się na poziomach Fibonacciego 33200 oraz 30700.
BITSTAMP:BTCUSDLong
by lukasz_fijolek
3
GBPUSD ready for a new move? 🦐GBPUSD on the daily chart testing the support area at 1.35300 over the 0.5 Fibonacci retracement. The price which looks in a bullish environment will probably move below for a test of the 0.618 or 0.786 Fibonacci level. We will monitor the new inversion to set a nice long order when the condition of Plancton's strategy will be satisfied ––––– 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
GOLD daily analysis 🦐GOLD on the daily chart moves inside a descending channel within a major ascending one. The price after the last bullish impulse reached the upper trendline and got sharply rejected at the 1845 level over the ascending trendline and our beloved 0.618 Fibonacci level IF the market will manage to break below we can expect a new test of the support area at the 1780 area but if the price instead will break again above the 1850 zone we will check if the condition of Plancton's strategy will be satisfied to set a nice 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 Jan 5 Comment:
OANDA:XAUUSD
by InkyGrip
4
Gold trading plan (XAU/USD)When we look at the chart we can see that gold has dropped today. It is now at a previous level of support and resistance so it could move up from there. The thing that I am worried about is when we look at the Fibb level of the whole upward move we see that the price went down right on the 0.618 Fibb retracement. We can also see that the price was close to the point of control of the volume of the whole down ward move we got to see at the end of the year. So the reason why it dropped today was because of the Fibb level and because of the POC. The reason why I think that gold will go back up is because I think that the dollar is going to drop even more. When all of the stimulus is done there will be a lot of money printing and that would make the dollar drop in value. The thing that I would do if I took this trade is that I would put my first take profit level at the 0.618 retracement and move my stop loss to break even when we get there. If you like the idea. Don't forget to give it a like. Please let me know in the comments what you think of it and show your own analysis.
OANDA:XAUUSDLong
by MaBaCapital2
2
NASDAQ at the 0.618 🦐NASDAQ after reaching the new high retraced back. The price touches the 0.618 and now consolidating below the 12800 zone. If the condition of Plancton's strategy will be satisfied we can 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.
OANDA:NAS100USDLong
by InkyGrip
4
GBPUSD looking up 🦐GBPUSD on the 4 h chart is moving inside an ascending channel. The price has nos moved inside a 2 narrowing trendline and the price just reached the our beloved 0.618 Fibonacci level. According to Plancton's strategy if the conditions will be satisfied we can set a nice 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.
Long
by InkyGrip
4
EURCHF will break above? 🦐EURCHF after the break of the channel moved at the support area. The price bounces at the 0.618 Fibonacci level before starting a new impulse. If the condition of Plancton's strategy will be satisfied we can 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
22
EURCAD on a bull flag 🦐EURCAD after the double bottom at 1.54300 moved in a nice impulse until the 1.57800 area. The price from there starts a retracement move inside a channel. Currently the price touches the 0.618 and if the rules of Plancton's strategy will be satisfied we can place 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
12
CHFJPY on a range trading 🦐CHFJPY is moving inside a range. The price after the last impulse tested the 0.618 fib level. According to Plancton's strategy, if our condition will trigger, we can 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
3
AUDUSD bounce on the 0618 🦐AUDUSD on the 4h chart after the last impulse created a double top. The price reached the 0.77300 level, below a structure, and started a retracement until the 0.618 Fibonacci. IF the price will break above we will be ready to set, according to Plancton's strategy, 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
14