AUDUSD on the 4h chart show us a very technical market the price in fact after the break of the ascending channel perfectly retested the weekly structure at the 0.5 Fibonacci area and moved to the daily support.
How can i approach this scenario?
I will wait for a break below the daily structure and in that case i will for a nice short order according to the Plancton's strategy rules.
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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
How can i approach this scenario?
I will wait for a break below the daily structure and in that case i will for a nice short order 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
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waiting for the expected break
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break and retest
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lower low for a 88 pips call
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96 pips on this call
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152 pips call and break of the weekly support